Rao Bharat returned 480,878 shares to the company (SEC Form 4)
$SRT
Professional Services
Consumer Discretionary
| FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). | ||||||||||||||||
| Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10. | |||||||||||||||||
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
Startek, Inc. [ SRT ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 01/05/2024 | ||||||||||||||||||||||||||
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4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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| Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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| 1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
| Code | V | Amount | (A) or (D) | Price | ||||||
| Common Stock | 01/05/2024 | D | 206,814 | D | (1) | 0 | I | Tribus Capital Limited(2) | ||
| Common Stock | 01/05/2024 | D | 274,064 | D | (1) | 0 | I | Advance Crest Investments Limited(3) | ||
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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| 1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Stock Options | $6.44 | 01/05/2024 | D | 4,847 | 10/01/2018 | 10/01/2028 | Common Stock | 4,847 | (4) | 0 | D | ||||
| Stock Options | $6.54 | 01/05/2024 | D | 5,066 | 01/02/2019 | 01/02/2029 | Common Stock | 5,066 | (4) | 0 | D | ||||
| Stock Options | $8.02 | 01/05/2024 | D | 4,333 | 04/01/2019 | 04/01/2029 | Common Stock | 4,333 | (4) | 0 | D | ||||
| Stock Options | $8.39 | 01/05/2024 | D | 4,387 | 07/01/2019 | 07/01/2029 | Common Stock | 4,387 | (4) | 0 | D | ||||
| Stock Options | $6.39 | 01/05/2024 | D | 5,925 | 10/01/2019 | 10/01/2029 | Common Stock | 5,925 | (4) | 0 | D | ||||
| Stock Options | $8.14 | 01/05/2024 | D | 4,642 | 01/02/2020 | 01/02/2030 | Common Stock | 4,642 | (4) | 0 | D | ||||
| Stock Options | $3.31 | 01/05/2024 | D | 11,138 | 04/01/2020 | 04/01/2030 | Common Stock | 11,138 | (4) | 0 | D | ||||
| Stock Options | $5.06 | 01/05/2024 | D | 7,107 | 07/01/2020 | 07/01/2030 | Common Stock | 7,107 | (4) | 0 | D | ||||
| Stock Options | $5.23 | 01/05/2024 | D | 6,871 | 10/01/2020 | 10/01/2030 | Common Stock | 6,871 | (4) | 0 | D | ||||
| Stock Options | $7.83 | 01/05/2024 | D | 4,561 | 01/04/2021 | 01/04/2031 | Common Stock | 4,561 | (4) | 0 | D | ||||
| Stock Options | $7.84 | 01/05/2024 | D | 4,437 | 04/01/2021 | 04/01/2031 | Common Stock | 4,437 | (4) | 0 | D | ||||
| Stock Options | $7.12 | 01/05/2024 | D | 4,889 | 07/01/2021 | 07/01/2031 | Common Stock | 4,889 | (4) | 0 | D | ||||
| Stock Options | $6.25 | 01/05/2024 | D | 5,575 | 10/01/2021 | 10/01/2031 | Common Stock | 5,575 | (4) | 0 | D | ||||
| Stock Options | $5.26 | 01/05/2024 | D | 6,586 | 01/03/2022 | 01/03/2032 | Common Stock | 6,586 | (4) | 0 | D | ||||
| Stock Options | $5.75 | 01/05/2024 | D | 550,000 | (5) | 01/31/2032 | Common Stock | 550,000 | (5) | 0 | D | ||||
| Explanation of Responses: |
| 1. Disposed of pursuant to the Agreement and Plan of Merger (the "Merger Agreement"), dated as of October 10, 2023, by and among the Issuer, Stockholm Parent, LLC, a Delaware limited liability company, and Stockholm Merger Sub, Inc., a Delaware corporation and a wholly-owned subsidiary of Parent, in exchange for cash consideration of $4.30 per share of common stock of the Issuer (the "Merger Consideration") at the effective time of the merger. |
| 2. The Reporting Person is one-third owner of Tribus Capital Limited. The Reporting Person disclaims beneficial ownership in such securities except to the extent of his pecuniary interest therein. |
| 3. The Reporting Person is a 50% owner of Advance Crest Investments Limited. The Reporting Person disclaims beneficial ownership in such securities except to the extent of his pecuniary interest therein. |
| 4. Stock options of the Issuer were canceled in the merger in exchange for an amount in cash equal to the excess, if any, of the per share Merger Consideration over the per share exercise price of such stock options. Any stock options with respect to which the per share exercise price was equal to or greater than the per share Merger Consideration was cancelled in exchange for no consideration. |
| 5. These stock options, which were originally scheduled to vest in equal amounts on the last day of each quarter over four (4) years, with the first vesting date of April 30, 2022, became fully vested and were cancelled as a result of the merger, in exchange for no consideration. |
| /s/ Teri Scott, as attorney-in-fact | 01/05/2024 | |
| ** Signature of Reporting Person | Date | |
| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
| * If the form is filed by more than one reporting person, see Instruction 4 (b)(v). | ||
| ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
| Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. | ||