SEC Form 4 · accession 0001144204-17-011878
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 24, 2017
Accepted (ET)
Feb 28, 2017 · 6:05 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 24, 2017 | M | 3,125 | — | A | 125,081 | D | |
| Common Stock, par value $0.001 per shareF2 | Feb 24, 2017 | F | 1,111 | $47.92 | D | 123,970 | D | |
| Common Stock, par value $0.001 per shareF1 | Feb 26, 2017 | M | 2,500 | — | A | 126,470 | D | |
| Common Stock, par value $0.001 per shareF3 | Feb 26, 2017 | F | 889 | $47.59 | D | 125,581 | 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,F4 | — | Feb 24, 2017 | M | 3,125 | D | — | — | Common Stock, par value $0.001 per share | 3,125 | 9,375 | D |
| Restricted Stock UnitsF1,F5 | — | Feb 26, 2017 | M | 2,500 | D | — | — | Common Stock, par value $0.001 per share | 2,500 | 8,750 | 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 24, 2017. Pursuant to the Company's 2015 Amendment and Restatement of the 2006 Omnibus Award Plan, pursuant to which such restricted stock units were granted, the closing price of the Common Stock on the Nasdaq Global Select Market on the preceding day is used for purposes of computing tax reporting and withholding.
- F3The reporting person's restricted stock units reported in this report vested on February 26, 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.
- F4On February 24, 2016, the reporting person was granted 12,500 restricted stock units, vesting in four equal annual installments beginning on the first anniversary of the grant date. Twenty-five percent of the restricted stock units became vested on February 24, 2017, an additional twenty-five percent of the restricted stock units will vest on February 24, 2018, an additional twenty-five percent of the restricted stock units will vest on February 24, 2019, and the remaining balance of twenty-five percent of the restricted stock units will vest on February 24, 2020.
- F5On February 26, 2015, the reporting person was granted 12,500 restricted stock units, ten percent of the restricted stock units became vested on February 26, 2016, an additional twenty percent of the restricted stock units became vested on February 26, 2017, an additional thirty percent of the restricted stock units will vest on February 26, 2018, and the remaining balance of forty percent of the restricted stock units will vest on February 26, 2019.
Remarks
Mr. Oseni is the Company's Head of Administration and Accounts.