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

Role
Vice President & PFO
Signature
/s/ Claudia Grimaldi
Stock symbol
IGC
Transactions as of
Dec 20, 2021
Transactions value $
$0
Form type
4
Date filed
12/23/2021, 06:30 PM
Previous filing
Sep 15, 2021
Next filing
Jun 28, 2022

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 Dec 20, 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 Dec 20, 2021 Common Stock 250K $0.00 Direct F1
transaction IGC Restricted Stock Units Award $0 +150K +60% $0.00 400K Dec 20, 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.