Claudia Grimaldi - Mar 21, 2022 Form 4 Insider Report for India Globalization Capital, Inc. (IGC)

Role
VICE PRESIDENT & PF0
Signature
/s/ Claudia Grimaldi
Stock symbol
IGC
Transactions as of
Mar 21, 2022
Transactions value $
$0
Form type
4
Date filed
6/28/2022, 07:20 PM
Previous filing
Dec 23, 2021
Next filing
Jun 28, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IGC Common Stock Options Exercise $0 +83.3K +19.03% $0.00 521K Mar 21, 2022 Direct F1
transaction IGC Common Stock Options Exercise $0 +28.1K +5.39% $0.00 549K May 31, 2022 Direct F2
transaction IGC Common Stock Options Exercise $0 +9.38K +1.71% $0.00 559K Jun 1, 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 IGC Restricted Stock Units Options Exercise $0 -83.3K -20.83% $0.00 317K Mar 21, 2022 Common Stock 83.3K $0.00 Direct F1
transaction IGC Restricted Stock Units Options Exercise $0 -28.1K -8.88% $0.00 289K May 31, 2022 Common Stock 28.1K $0.00 Direct F2
transaction IGC Restricted Stock Units Options Exercise $0 -9.38K -3.25% $0.00 279K Jun 1, 2022 Common Stock 9.38K $0.00 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On July 19, 2021, the Reporting Person was granted RSUs equally vesting over three years starting March 2022.
F2 On December 20, 2021, the Reporting Person was granted RSUs subject to vesting according to specific milestones set by the Company's Board of Directors. The RSUs vest when milestones are achieved. On May 31 and June 1, 2022, two of the milestones related to our IGC-AD1 clinical trials were reached.