Rohit Kapoor - Feb 16, 2022 Form 4 Insider Report for ExlService Holdings, Inc. (EXLS)

Role
CEO & Vice Chairman, Director
Signature
/s/ Lazbart Oseni, Attorney-in-Fact
Stock symbol
EXLS
Transactions as of
Feb 16, 2022
Transactions value $
$0
Form type
4
Date filed
2/18/2022, 04:11 PM
Previous filing
Feb 2, 2022
Next filing
Feb 23, 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 +8.85K +6.15% $0.00 153K Feb 17, 2022 Direct F1
holding EXLS Common Stock, par value $0.001 per share 97.2K Feb 16, 2022 See Footnote F2
holding EXLS Common Stock, par value $0.001 per share 40.2K Feb 16, 2022 See Footnote F3
holding EXLS Common Stock, par value $0.001 per share 177K Feb 16, 2022 See Footnote F4
holding EXLS Common Stock, par value $0.001 per share 84K Feb 16, 2022 See Footnote F5
holding EXLS Common Stock, par value $0.001 per share 84K Feb 16, 2022 See Footnote F6

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 Award $0 +25.2K $0.00 25.2K Feb 16, 2022 Common Stock, par value $0.001 per share 25.2K Direct F7, F8
transaction EXLS Restricted Stock Units Options Exercise $0 -8.85K -25% $0.00 26.6K Feb 17, 2022 Common Stock, par value $0.001 per share 8.85K Direct F1, F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted stock units of ExlService Holdings, Inc. (the "Company") convert into common stock, par value $0.001 per share (the "Common Stock") on a one-for-one basis.
F2 Owned by the Rohit Kapoor 2016 Family Trust.
F3 Owned by the 2016 Kapoor Family Trust Created Under the Rohit Kapoor 2013 GRAT.
F4 Owned by the 2016 Kapoor Family Trust Created Under the Rohit Kapoor 2005 GRAT.
F5 Owned by the Shikha Kapoor 2005 Family Trust.
F6 Owned by the Rohit Kapoor Spousal Lifetime Access Trust.
F7 Each restricted stock unit represents a contingent right to receive one share of the Company's common stock upon settlement.
F8 The restricted stock units will vest in four equal annual installments, beginning on February 16, 2023. Vesting will be accelerated upon certain termination of employment events and upon a "Change in Control" (as defined in the ExlService Holdings, Inc. 2018 Omnibus Incentive Plan).
F9 On February 17, 2021, the reporting person was granted 35,400 restricted stock units, vesting in four annual installments beginning on the first anniversary of the grant date. 25 percent of the restricted stock units became vested on February 17, 2022, an additional twenty-five percent of the restricted stock units will vest on February 17, 2023, an additional twenty-five percent of the restricted stock units will vest on February 17, 2024; and the remaining balance of twenty-five percent of the restricted stock units will vest on February 17, 2025

Remarks:

Note: On February 16, 2022 the reporting person was also granted performance-based restricted stock units that are subject to material conditions beyond the reporting person's control, and, therefore, not considered derivative securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, and excluded from this report. Mr. Oseni is the Company's Head of Administration and Accounts.