SEC Form 4 · accession 0001144204-19-010295
ExlService Holdings, Inc. · EXLS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ajay Ayyappan
Officer — SVP & Gen Counsel/Corp. Sec'y.
Period of report
Feb 22, 2019
Accepted (ET)
Feb 26, 2019 · 6:00 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 22, 2019 | M | 710 | — | A | 710 | D | |
| Common Stock, par value $0.001 per shareF2 | Feb 22, 2019 | F | 380 | $63.34 | D | 330 | D | |
| Common Stock, par value $0.001 per shareF1 | Feb 23, 2019 | M | 810 | — | A | 1,140 | D | |
| Common Stock, par value $0.001 per shareF3 | Feb 23, 2019 | F | 434 | $64.00 | D | 706 | D | |
| Common Stock, par value $0.001 per shareF1 | Feb 24, 2019 | M | 875 | — | A | 1,581 | D | |
| Common Stock, par value $0.001 per shareF4 | Feb 24, 2019 | F | 415 | $64.00 | D | 1,166 | 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,F5 | — | Feb 22, 2019 | M | 710 | D | — | — | Common Stock, par value $0.001 per share | 710 | 2,130 | D |
| Restricted Stock UnitsF1,F6 | — | Feb 23, 2019 | M | 810 | D | — | — | Common Stock, par value $0.001 per share | 810 | 1,620 | D |
| Restricted Stock UnitsF1,F7 | — | Feb 24, 2019 | M | 875 | D | — | — | Common Stock, par value $0.001 per share | 875 | 875 | 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 22, 2019. 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 23, 2019. 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.
- F4The reporting person's restricted stock units reported in this report vested on February 24, 2019. 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.
- F5On February 22, 2018, the reporting person was granted 2,840 restricted stock units, vesting in four annual installments beginning on the first anniversary of the grant date. 25 percent of the restricted stock units became vested on February 22, 2019, an additional twenty-five percent of the restricted stock units will vest on February 22, 2020, an additional twenty-five percent of the restricted stock units will vest on February 22, 2021, and the remaining balance of twenty-five percent of the restricted stock units will vest on February 22, 2022.
- F6On February 23, 2017, the reporting person was granted 3,240 restricted stock units, vesting in four annual installments beginning on the first anniversary of the grant date. 25 percent of the restricted stock units became vested on February 23, 2018, an additional 25 percent of the restricted stock units became vested on February 23, 2019, an additional 25 percent of the restricted stock units became vested on February 23, 2020, and the remaining balance of 810 shares of the restricted stock units will vest on February 23, 2021.
- F7On February 24, 2016, the reporting person was granted 3,500 restricted stock units, vesting in four equal annual installments beginning on the first anniversary of the grant date. 25 percent of the restricted stock units became vested on February 24, 2017, an additional 25 percent of the restricted stock units became vested on February 24, 2018, an additional 25 percent of the restricted stock units became vested on February 24, 2019, and the remaining balance of 25 of the restricted stock units will vest on February 24, 2020.
Remarks
Mr. Oseni is the Company's Head of Administration and Accounts