AJAY AYYAPPAN - 31 Jan 2022 Form 4 Insider Report for ExlService Holdings, Inc. (EXLS)

Role
SVP & Gen Counsel/Corp. Sec'y.
Signature
/s/ Lazbart Oseni, Attorney-in-Fact
Issuer symbol
EXLS
Transactions as of
31 Jan 2022
Transactions value $
-$176,190
Form type
4
Filing time
02 Feb 2022, 16:11:45 UTC
Previous filing
16 Dec 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 +2.75K +202.28% $0.00 4.11K 31 Jan 2022 Direct F1
transaction EXLS Common Stock, par value $0.001 per share Tax liability -$176K -1.49K -36.29% $118.09 2.62K 31 Jan 2022 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reporting person's shares of common stock, par value $0.001 per share (the "Common Stock") reported in this report were earned pursuant to the performance restricted stock units ("PRSUs") of ExlService Holdings, Inc. (the "Company") granted on February 20, 2019. Such shares of Common Stock were deemed earned on January 31, 2022 based on the Compensation Committee of the Board of Directors administering the award certifying the achievement of performance targets applicable to the PRSUs for the performance period ending on December 31, 2021.
F2 Pursuant to the ExlService Holdings, Inc. 2018 Omnibus Incentive Plan, pursuant to which such PRSUs 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.

Remarks:

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