John E. LYNCH - May 31, 2022 Form 4 Insider Report for India Globalization Capital, Inc. (IGC)

Role
Director
Signature
/s/ John E. Lynch
Stock symbol
IGC
Transactions as of
May 31, 2022
Transactions value $
$0
Form type
4
Date filed
6/28/2022, 08:24 PM
Previous filing
Jun 4, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IGC COMMON STOCK Options Exercise $0 +28.1K +29.02% $0.00 125K May 31, 2022 Direct F1
transaction IGC COMMON STOCK Options Exercise $0 +9.38K +7.5% $0.00 134K Jun 1, 2022 Direct F1

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 +150K +100% $0.00 300K Dec 20, 2021 Common Stock 150K $0.00 Direct F1
transaction IGC Restricted Stock Units Options Exercise $0 -28.1K -9.38% $0.00 272K May 31, 2022 Common Stock 28.1K $0.00 Direct F1
transaction IGC Restricted Stock Units Options Exercise $0 -9.38K -3.45% $0.00 263K Jun 1, 2022 Common Stock 9.38K $0.00 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On December 20, 2021, the Reporting Person was granted RSUs subject to vesting according to specific milestones set by the Company's Board of Directors. The RSUs vest when milestones are achieved. On May 31 and June 1, 2022, two of the milestones related to our IGC-AD1 clinical trials were reached.