SEC Form 4 · accession 0001144204-17-009396
ExlService Holdings, Inc. · EXLS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Pavan Bagai
Officer — President & COO
Period of report
Feb 13, 2017
Accepted (ET)
Feb 15, 2017 · 5:00 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001297989
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, par value $0.001 per shareF1 | Feb 13, 2017 | M | 3,450 | — | A | 122,794 | D | |
| Common Stock, par value $0.001 per shareF2 | Feb 13, 2017 | F | 1,226 | $46.19 | D | 121,568 | D | |
| Common Stock, par value $0.001 per shareF1 | Feb 13, 2017 | M | 602 | — | A | 122,170 | D | |
| Common Stock, par value $0.001 per shareF2 | Feb 13, 2017 | F | 214 | $46.19 | D | 121,956 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F3 | — | Feb 13, 2017 | M | 3,450 | D | — | — | Common Stock, par value $0.001 per share | 3,450 | 4,600 | D |
| Restricted Stock UnitsF1,F4 | — | Feb 13, 2017 | M | 602 | D | — | — | Common Stock, par value $0.001 per share | 602 | 0 | D |
Explanation of responses
- F1Restricted stock units of ExlService Holdings, Inc. (the "Company") convert into common stock, par value $0.001 per share (the "Common Stock") on a one-for-one basis.
- F2The reporting person's restricted stock units reported in this report vested on February 13, 2017. Pursuant to the Company's 2006 Omnibus Award Plan, pursuant to which such restricted stock units were granted, the average of the high and low sale prices of the Common Stock on the Nasdaq Global Select Market on the preceding day is used for purposes of computing tax reporting and withholding.
- F3On February 13, 2014, the reporting person was granted 11,500 restricted stock units, 10 percent of the restricted stock units became vested on February 13, 2015, an additional 20 percent of the restricted stock units became vested on February 13, 2016, an additional 30 percent of the restricted stock units became vested on February 13, 2017, and the remaining balance of 4,600 shares of the restricted stock units will vest on February 13, 2018.
- F4On February 13, 2014, the reporting person was granted 1,804 restricted stock units, vesting in three annual installments beginning on the first anniversary of the grant date. 601 restricted stock units became vested on February 13, 2015, an additional 601 restricted stock units became vested on February 13, 2016, and the remaining balance of 602 restricted stock units became vested on February 13, 2017.
Remarks
Mr. Oseni is the Company's Head of Administration and Accounts.