CLAUDIA GRIMALDI - 20 Dec 2021 Form 4 Insider Report for India Globalization Capital, Inc. (IGC)

Role
Vice President & PFO
Signature
/s/ Claudia Grimaldi
Issuer symbol
IGC
Transactions as of
20 Dec 2021
Transactions value $
$0
Form type
4
Filing time
23 Dec 2021, 18:30:09 UTC
Previous filing
15 Sep 2021
Next filing
28 Jun 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IGC Common Stock Award $0 +250K +132.99% $0.00 438K 20 Dec 2021 Direct F1, 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 IGC Restricted Stock Units Award $0 +250K $0.00 250K 20 Dec 2021 Common Stock 250K $0.00 Direct F1
transaction IGC Restricted Stock Units Award $0 +150K +60% $0.00 400K 20 Dec 2021 Common Stock 150K $0.00 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted shares of common stock equally vesting over three years starting March 31, 2022, previously reported on Form 4 Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned.
F2 Corrects ownership amount of all previous Section 16 filings of the Reporting Person since May 14, 2021, which overstated the non-derivative securities ownership by 250,000 shares.
F3 Restricted shares of common stock subject to vesting according to specific milestones set by the Company's Board of Directors.
F4 Restricted shares of common stock do not have an exercisable or expiration date. The RSUs vest when milestones are achieved.