Richard K. Prins - Mar 21, 2022 Form 4 Insider Report for India Globalization Capital, Inc. (IGC)

Role
Director
Signature
/s/ Richard Prins
Stock symbol
IGC
Transactions as of
Mar 21, 2022
Transactions value $
$0
Form type
4
Date filed
6/28/2022, 08:31 PM
Previous filing
Mar 17, 2022
Next filing
Jun 14, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IGC Common Stock Options Exercise $0 +100K +18.87% $0.00 630K Mar 21, 2022 Direct F1
transaction IGC Common Stock Options Exercise $0 +93.8K +14.88% $0.00 724K May 31, 2022 Direct F2
transaction IGC Common Stock Options Exercise $0 +31.3K +4.32% $0.00 755K Jun 1, 2022 Direct F2

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 Options Exercise $0 -100K -12.5% $0.00 700K Mar 21, 2022 Common Stock 100K $0.00 Direct F1
transaction IGC Restricted Stock Units Options Exercise $0 -93.8K -13.39% $0.00 606K May 31, 2022 Common Stock 93.8K $0.00 Direct F2
transaction IGC Restricted Stock Units Options Exercise $0 -31.3K -5.15% $0.00 575K Jun 1, 2022 Common Stock 31.3K $0.00 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On July 19, 2021, the Reporting Person was granted RSUs subject to vesting equally over three years starting on March 31, 2022.
F2 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.