Anita Mahon - Mar 2, 2022 Form 4 Insider Report for ExlService Holdings, Inc. (EXLS)

Role
EVP & Chief Growth Officer
Signature
/s/ Lazbart Oseni, Attorney-in-Fact
Stock symbol
EXLS
Transactions as of
Mar 2, 2022
Transactions value $
-$61,397
Form type
4
Date filed
3/4/2022, 04:02 PM
Previous filing
Feb 18, 2022
Next filing
Mar 18, 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 +1.59K +87.26% $0.00 3.41K Mar 2, 2022 Direct F1
transaction EXLS Common Stock, par value $0.001 per share Tax liability -$61.4K -499 -14.63% $123.04 2.91K Mar 2, 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 -498 -33.33% $0.00 996 Mar 2, 2022 Common Stock, par value $0.001 per share 498 Direct F1, F3
transaction EXLS Restricted Stock Units Options Exercise $0 -1.09K -33.32% $0.00 2.18K Mar 2, 2022 Common Stock, par value $0.001 per share 1.09K Direct F1, F4
* 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 March 2, 2022. Pursuant to the ExlService Holdings, Inc. 2018 Omnibus Incentive 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 March 2, 2020, the reporting person was granted 1,992 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 March 2, 2021, an additional twenty-five percent of the restricted stock units became vested on March 2, 2022, an additional twenty-five percent of the restricted stock units will vest on March 2, 2023; and the remaining balance of twenty-five percent of the restricted stock units will vest on March 2, 2024.
F4 On March 2, 2020, the reporting person was granted 4,365 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 March 2, 2021, an additional twenty-five percent of the restricted stock units became vested on March 2, 2022, an additional twenty-five percent of the restricted stock units will vest on March 2, 2023; and the remaining balance of twenty-five percent of the restricted stock units will vest on March 2, 2024.