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

Role
Director
Signature
/s/ Richard Prins
Issuer symbol
IGC
Transactions as of
20 Dec 2021
Net transactions value
$0
Form type
4
Filing time
27 Dec 2021, 17:57:08 UTC
Previous filing
13 Dec 2021
Next filing
17 Mar 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IGC Common Stock Award $0 +300,000 +111% $0.000000 570,000 20 Dec 2021 Direct F1, F2
transaction IGC Common Stock Gift $0 -40,000 -7% $0.000000 530,000 23 Dec 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 +300,000 $0.000000 300,000 20 Dec 2021 Common Stock 300,000 $0.000000 Direct F1, F2
transaction IGC Restricted Stock Units Award $0 +500,000 +167% $0.000000 800,000 20 Dec 2021 Common Stock 500,000 $0.000000 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.