SEC Form 4 · accession 0001209191-15-012291
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 7, 2015
Accepted (ET)
Feb 11, 2015 · 8:00 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 7, 2015 | M | 3,750 | — | A | 87,523 | D | |
| Common Stock, par value $0.001 per shareF1 | Feb 7, 2015 | M | 817 | — | A | 88,340 | D | |
| Common Stock, par value $0.001 per shareF2 | Feb 7, 2015 | F | 1,553 | $31.30 | D | 86,787 | 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 7, 2015 | M | 3,750 | D | — | — | Common Stock, par value $0.001 per share | 3,750 | 5,000 | D |
| Restricted Stock UnitsF1,F4 | — | Feb 7, 2015 | M | 817 | D | — | — | Common Stock, par value $0.001 per share | 817 | 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 7, 2015. 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 7, 2012, the reporting person was granted 12,500 restricted stock units, vesting in 10%, 20%, 30% and 40% beginning on the first anniversary of the grant date. The remaining balance i/n/o 5,000 shares of restricted stock units will vest on February 7, 2016.
- F4On February 7, 2012, the reporting person was granted 2,450 restricted stock units, vesting in three annual installments beginning on the first anniversary of the grant date. 816 shares of the restricted stock units became vested on February 7, 2013, an additional 817 shares of the restricted stock units became vested on February 7, 2014, and the remaining balance i/n/o 817 shares of restricted stock units became vested on February 7, 2015.
Remarks
Mr. Oseni is the Company's Head of Administration and Accounts