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

Role
CEO, Director
Signature
/s/ Ram Mukunda
Stock symbol
IGC
Transactions as of
Dec 20, 2021
Transactions value $
$0
Form type
4
Date filed
12/23/2021, 07:06 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 0 0% $0.00* 2.17M Dec 20, 2021 Direct F1, F2
transaction IGC Common Stock Award $0 0 0% $0.00* 727K Dec 20, 2021 BY SPOUSE F4, F5

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 +1M $0.00 1M Dec 20, 2021 Common Stock 1M $0.00 Direct F1
transaction IGC Restricted Stock Units Award $0 +3.2M +320% $0.00 4.2M Dec 20, 2021 Common Stock 3.2M $0.00 Direct F3
transaction IGC Restricted Stock Units Award $0 +50K $0.00 50K Dec 20, 2021 Common Stock 50K $0.00 BY SPOUSE F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 RSUs subject to vesting equally over three years starting on March 31, 2022.
F2 Corrects a previous Section 16 May 14, 2021, filing, which overstated the ownership of non-derivative securities by 1,000,000 shares.
F3 RSUs subject to vesting according to specific milestones set by the Company's Board of Directors. The RSUs do not have an exercisable or expiration date. The RSUs vest when milestones are achieved.
F4 RSUs subject to vesting equally over three years starting on March 31, 2022.
F5 Corrects a previous Section 16 May 14, 2021, filing, which overstated the ownership of non-derivative securities by 50,000 shares