SEC Form 4 · accession 0001144204-19-009373
ExlService Holdings, Inc. · EXLS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Nalin Kumar Miglani
Officer — EVP & Chief HR Officer
Period of report
Feb 22, 2018
Accepted (ET)
Feb 21, 2019 · 6:43 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001297989
Table I — non-derivative securities
No Table I lines on this filing.
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,F2 | — | Feb 22, 2018 | A | 6,410 | A | — | Feb 22, 2028 | Common Stock, par value $0.001 per share | 6,410 | 6,410 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of the Company's common stock upon settlement.
- F2The restricted stock units will vest in four equal annual installments, beginning on February 22, 2019. Vesting will be accelerated upon certain termination of employment events and upon a "Change in Control" (as defined in the ExlService Holdings, Inc. 2015 Amendment and Restatement of the 2006 Omnibus Award Plan).
Remarks
Note: On February 22, 2018 the reporting person was also granted performance-based restricted stock units that are subject to material conditions beyond the reporting person's control, and, therefore, not considered derivative securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, and excluded from this report. Mr. Ayyappan is the Company's Senior Vice President & General Counsel/Corporate Secretary.