David Pearson - Aug 27, 2021 Form 4 Insider Report for SYKES ENTERPRISES INC (SYKE)

Role: Executive Vice President
Signature: /s/ James T. Holder, attorney-in-fact for David Pearson
Stock symbol: SYKE
Transactions as of: Aug 27, 2021
Transactions value $: $0
Form type: 4
Date filed: 8/30/2021, 02:31 PM

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SYKE	Common Stock	Disposed to Issuer	$0	-144K	-100%	$0.00^*	0	Aug 27, 2021	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

David Pearson is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id	Content
F1	Sykes Enterprises, Incorporated (the "Company") entered into an Agreement and Plan of Merger dated as of June 17, 2021 (the "Merger Agreement"), by and among the Company, Sitel Worldwide Corporation, a Delaware corporation ("Parent") and Florida Mergersub, Inc., a Florida corporation and a wholly-owned subsidiary of Parent ("Merger Sub"). On August 27, 2021, Merger Sub merged with and into the Company, the separate corporate existence of Merger Sub ceased and the Company survived the merger as a direct wholly owned subsidiary of Parent. Pursuant to the terms of the Merger Agreement, each share of Company common stock, restricted stock unit and performance stock unit that was outstanding as of the closing of the merger was converted into the right to receive an amount in cash equal to $54.00, without interest and is subject to any applicable withholding taxes and with respect to Stock Appreciation Rights ("SAR"), an amount equal to the difference between (a) $54.00, minus (b) the exercise price of such SAR.
F2	Represents (i) 72,233 shares of Common Stock, (ii) 10,516 restricted stock units, (iii) 33,583 performance stock units, (iv) 12,577 vested shares as part of the Executive Deferred Compensation Plan and (v) SARs representing 15,237 shares. In connection with the closing of the transactions contemplated by the Merger Agreement, each share of Common Stock held by the Reporting Person and each share of Common Stock underlying a restricted stock unit, performance stock unit or vested shares from the Deferred Executive Compensation Plan subject to time-based vesting that was outstanding as of the closing of the merger was converted into the right of the Reporting Person to receive a cash payment of $54.00, without interest and subject to any applicable withholding taxes. With respect to the SARs, an amount equal to the difference between (a) $54.00, minus (b) the exercise price of such SAR.

Content

Sykes Enterprises, Incorporated (the "Company") entered into an Agreement and Plan of Merger dated as of June 17, 2021 (the "Merger Agreement"), by and among the Company, Sitel Worldwide Corporation, a Delaware corporation ("Parent") and Florida Mergersub, Inc., a Florida corporation and a wholly-owned subsidiary of Parent ("Merger Sub"). On August 27, 2021, Merger Sub merged with and into the Company, the separate corporate existence of Merger Sub ceased and the Company survived the merger as a direct wholly owned subsidiary of Parent. Pursuant to the terms of the Merger Agreement, each share of Company common stock, restricted stock unit and performance stock unit that was outstanding as of the closing of the merger was converted into the right to receive an amount in cash equal to $54.00, without interest and is subject to any applicable withholding taxes and with respect to Stock Appreciation Rights ("SAR"), an amount equal to the difference between (a) $54.00, minus (b) the exercise price of such SAR.

Represents (i) 72,233 shares of Common Stock, (ii) 10,516 restricted stock units, (iii) 33,583 performance stock units, (iv) 12,577 vested shares as part of the Executive Deferred Compensation Plan and (v) SARs representing 15,237 shares. In connection with the closing of the transactions contemplated by the Merger Agreement, each share of Common Stock held by the Reporting Person and each share of Common Stock underlying a restricted stock unit, performance stock unit or vested shares from the Deferred Executive Compensation Plan subject to time-based vesting that was outstanding as of the closing of the merger was converted into the right of the Reporting Person to receive a cash payment of $54.00, without interest and subject to any applicable withholding taxes. With respect to the SARs, an amount equal to the difference between (a) $54.00, minus (b) the exercise price of such SAR.