Garen K. Staglin - Mar 15, 2022 Form 4 Insider Report for ExlService Holdings, Inc. (EXLS)

Role
Director
Signature
/s/ Lazbart Oseni, Attorney-in-Fact
Stock symbol
EXLS
Transactions as of
Mar 15, 2022
Transactions value $
$0
Form type
4
Date filed
3/16/2022, 05:00 PM
Previous filing
Jul 19, 2021
Next filing
May 4, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EXLS Common Stock, par value $0.001 per share Options Exercise $0 +1.28K +4.06% $0.00 32.7K Mar 15, 2022 Direct F1, F2
holding EXLS Common Stock, par value $0.001 per share 1.85K Mar 15, 2022 See Footnote F3

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 EXLS Restricted Stock Units Options Exercise $0 +1.28K $0.00* 0 Mar 15, 2022 Common Stock, par value $0.001 per share 1.28K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On February 4, 2021, the reporting person was granted 1,275 restricted stock units, that vest upon the earlier of (i) the first anniversary of the date of grant, (ii) the end of the reporting person's term on the Board of Directors (the "Board") of ExlService Holdings, Inc. (the "Company") if such person is not subsequently elected to a new term on the Board, and (iii) the occurrence of a "Change of Control", as defined in the ExlService Holdings, Inc. 2018 Omnibus Incentive Plan (the "Plan"). Under the terms of the grant, such awards settle upon the earlier of (i) the reporting person's death, (ii) the occurrence of a "Change of Control", as defined in the Plan or (iii) the vesting date. Due to an administrative error, settlement was delayed until March 15, 2021.
F2 Restricted stock units of the Company convert into common stock, par value $0.001 per share (the "Common Stock") on a one-for-one basis.
F3 Owned by The Staglin Family Irrevocable Trust of 2018 dated November 9, 2018.

Remarks:

Mr. Oseni is the Company's Head of Administration and Accounts