SEC Form 4 · accession 0001144204-17-014789
ExlService Holdings, Inc. · EXLS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Vishal Chhibbar
Officer — EVP & CFO
Period of report
Mar 13, 2017
Accepted (ET)
Mar 15, 2017 · 5:00 pm EDT
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 share | Mar 13, 2017 | M | 2,050 | $24.77 | A | 18,296 | D | |
| Common Stock, par value $0.001 per shareF3 | Mar 13, 2017 | S | 2,271 | $45.41 | D | 16,025 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Options (right to buy)F4 | $24.77 | Mar 13, 2017 | M | 2,050 | D | — | Feb 7, 2022 | Common Stock, par value $0.001 per share | 2,050 | 0 | D |
Explanation of responses
- F1On March 13, 2017 the reporting person exercised previously issued options to purchase an aggregate of 2,050 shares of common stock of ExlService Holdings, Inc.
- F2This sale was made pursuant to a 10b5-1 plan previously entered into by the reporting person.
- F3This transaction was executed in multiple trades at prices ranging from $45.40 to $45.43 per share. The price reported above reflects the weighted average purchase price on the date indicated. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transactions were effected.
- F4On February 7, 2012, the reporting person was granted 11,050 stock options. 10 percent of these options became vested and exercisable on February 7, 2013, an additional 20 percent became vested and exercisable on February 7, 2014, an additional 30 percent became vested and exercisable on February 7, 2015, and the balance of 40 percent became vested and exercisable on February 7, 2016.
Remarks
Ms. Saltzman is an Executive Vice President of the Company and the Company's General Counsel and Corporate Secretary.