Maurizio Nicolelli - 03 Feb 2022 Form 4 Insider Report for ExlService Holdings, Inc. (EXLS)

Role
Executive Vice President & CFO
Signature
/s/ Lazbart Oseni, Attorney-in-Fact
Issuer symbol
EXLS
Transactions as of
03 Feb 2022
Net transactions value
-$59,877
Form type
4
Filing time
07 Feb 2022, 16:01:10 UTC
Previous filing
03 Sep 2021
Next filing
18 Feb 2022
SEC
View on sec.gov

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 +1,475 +46% $0.000000 4,685 03 Feb 2022 Direct F1
transaction EXLS Common Stock, par value $0.001 per share Tax liability $59,877 -491 -10% $121.95 4,194 03 Feb 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 EXLS Restricted Stock Units Options Exercise $0 -1,475 -33% $0.000000 2,949 03 Feb 2022 Common Stock, par value $0.001 per share 1,475 Direct F1, F3
* 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 The reporting person's restricted stock units reported in this report vested on February 3, 2022. Under the Company's 2018 Amendment and Restatement of the 2006 Omnibus Award Plan, pursuant to which such restricted stock units were granted, the closing price of the Common Stock on the Nasdaq Global Select Market on the preceding day is used for purposes of computing tax reporting and withholding.
F3 On February 3, 2020, the reporting person was granted 5,898 restricted stock units, vesting in four equal annual installments beginning on the first anniversary of the grant date. 25 percent of the restricted stock units became vested on February 3, 2021, an additional 25 percent of the restricted stock units became vested on February 3, 2022, an additional 25 percent of the restricted stock units will vest on February 3, 2023, and the remaining balance of 25 percent of the restricted stock units will vested on February 3, 2024

Remarks:

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