Richard K. Prins - Dec 20, 2021 Form 4 Insider Report for India Globalization Capital, Inc. (IGC)

Role
Director
Signature
/s/ Richard Prins
Stock symbol
IGC
Transactions as of
Dec 20, 2021
Transactions value $
$0
Form type
4
Date filed
12/27/2021, 05:57 PM
Previous filing
Dec 13, 2021
Next filing
Mar 17, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IGC Common Stock Award $0 +300K +111.11% $0.00 570K Dec 20, 2021 Direct F1, F2
transaction IGC Common Stock Gift $0 -40K -7.02% $0.00 530K Dec 23, 2021 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction IGC Restricted Stock Units Award $0 +300K $0.00 300K Dec 20, 2021 Common Stock 300K $0.00 Direct F1, F2
transaction IGC Restricted Stock Units Award $0 +500K +166.67% $0.00 800K Dec 20, 2021 Common Stock 500K $0.00 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted shares of common stock subject to vesting over three years starting on March 31, 2022, previously reported on Form 4 Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned.
F2 Corrects ownership amount of all previous Section 16 filings of the Reporting Person since April 19, 2013, which overstated the Reporting Person's ownership by 50,000 shares.
F3 Restricted shares of common stock subject to vesting according to specific milestones set by the Company's Board of Directors.
F4 Restricted shares of common stock do not have an exercisable or expiration date. The RSUs vest when milestones are achieved.