EXLS

SEC source: 0001144204-19-009633 · tv514502_form4.xml · derivative · entry 1

Kapoor Rohit · CIK 0001373630 · Director · CEO & Vice Chairman

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 28,910

Underlying: Common Stock, par value $0.001 per share · 28,910 shares

Expires 2029-02-20

F1 · derivative.exercise_price: Each restricted stock unit represents a contingent right to receive one share of the Company's common stock upon settlement.

F2 · derivative.exercise_date: The restricted stock units will vest in four equal annual installments, beginning on February 20, 2020. Vesting will be accelerated upon certain termination of employment events and upon a "Change in Control" (as defined in the ExlService Holdings, Inc. 2018 Omnibus Incentive Plan).

SEC source: 0001144204-19-009134 · tv514192_4.xml · nonDerivative · entry 1

BAGAI PAVAN · CIK 0001374134 · President & COO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 41,861

F1 · kind: The sales was made pursuant to a 10b5-1 plan previously entered into by the reporting person.

SEC source: 0001144204-19-008905 · tv514120_form4.xml · nonDerivative · entry 1

BAGAI PAVAN · CIK 0001374134 · President & COO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 45,861

F1 · kind: The sales was made pursuant to a 10b5-1 plan previously entered into by the reporting person.

SEC source: 0001144204-19-005622 · tv512710_4.xml · nonDerivative · entry 1

BAGAI PAVAN · CIK 0001374134 · President & COO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 50,861

F1 · kind: The sales was made pursuant to a 10b5-1 plan previously entered into by the reporting person.

SEC source: 0001144204-19-005368 · tv512652_form4.xml · nonDerivative · entry 1

BAGAI PAVAN · CIK 0001374134 · President & COO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 57,361

F1 · kind: The sales was made pursuant to a 10b5-1 plan previously entered into by the reporting person.

SEC source: 0001144204-19-005369 · tv512653_form4.xml · derivative · entry 1

STAGLIN GAREN K · CIK 0001371494 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 52,902

Underlying: Common Stock, par value $0.001 per share · 1,702 shares

Expires not disclosed

F1 · derivative.exercise_price: Each restricted stock unit represents a contingent right to receive one share of the Company's common stock upon settlement.

F2 · derivative.exercise_date: The restricted stock units vest upon the earlier of (i) the first anniversary of the date of grant, (ii) the date on which the reporting person's term as a member of the Board of Directors of ExlService Holdings, Inc. (the "Board") expires if the reporting person is not subsequently elected to a new term on the Board, and (iii) the occurrence of a "Change in Control", as defined in the ExlService Holdings, Inc. 2018 Omnibus Incentive Plan (the "Plan"), and such awards settle upon the earlier of (i) the reporting person's death, (ii) the occurrence of a "Change of Control", as defined in the Plan and (iii) the vesting date.

F2 · derivative.expiration_date: The restricted stock units vest upon the earlier of (i) the first anniversary of the date of grant, (ii) the date on which the reporting person's term as a member of the Board of Directors of ExlService Holdings, Inc. (the "Board") expires if the reporting person is not subsequently elected to a new term on the Board, and (iii) the occurrence of a "Change in Control", as defined in the ExlService Holdings, Inc. 2018 Omnibus Incentive Plan (the "Plan"), and such awards settle upon the earlier of (i) the reporting person's death, (ii) the occurrence of a "Change of Control", as defined in the Plan and (iii) the vesting date.

SEC source: 0001144204-19-005075 · tv512471_4.xml · nonDerivative · entry 1

BAGAI PAVAN · CIK 0001374134 · President & COO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 62,861

F1 · kind: The sales was made pursuant to a 10b5-1 plan previously entered into by the reporting person.

SEC source: 0001144204-19-004830 · tv512377_4.xml · nonDerivative · entry 1

Miglani Nalin Kumar · CIK 0001627017 · EVP and Chief HR Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

F1 · kind: The sales was made pursuant to a 10b5-1 plan previously entered into by the reporting person.

F2 · price: This transaction was executed in multiple trades at prices ranging from $56.67 to $57.14 per share. The price reported above reflects the weighted average purchase price on the date indicated. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transactions were effected.

SEC source: 0001144204-19-004140 · tv512191_form4.xml · nonDerivative · entry 2

Chhibbar Vishal · CIK 0001465521 · EVP & CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 6,804

F2 · price: Pursuant to the agreement governing the grant of the PRSUs and pursuant to the Company's 2015 Amendment and Restatement of the 2006 Omnibus Award Plan, pursuant to which such PRSUs were granted, the closing price of the Common Stock on the Nasdaq Global Select Market on the preceding day, January 28, 2019 in this case, is used for purposes of computing tax reporting and withholding.

SEC source: 0001144204-19-004140 · tv512191_form4.xml · nonDerivative · entry 1

Chhibbar Vishal · CIK 0001465521 · EVP & CFO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 8,257

F1 · price: The reporting person's shares of common stock, par value $0.001 per share (the "Common Stock") reported in this report were earned pursuant to the performance restricted stock units ("PRSUs") of ExlService Holdings, Inc. (the "Company") granted on February 24, 2016 and voluntarily reported in a Form 4 filed on February 26, 2016. Such shares of Common Stock were deemed earned on January 29, 2019 based on the Compensation Committee of the Board of Directors administering the award certifying the achievement of performance targets applicable to the PRSUs for the performance period ending on December 31, 2018.

SEC source: 0001144204-19-004137 · tv512189_form4.xml · nonDerivative · entry 2

BAGAI PAVAN · CIK 0001374134 · President & COO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 67,861

F2 · price: Pursuant to the agreement governing the grant of the PRSUs and pursuant to the Company's 2015 Amendment and Restatement of the 2006 Omnibus Award Plan, pursuant to which such PRSUs were granted, the closing price of the Common Stock on the Nasdaq Global Select Market on the preceding day, January 28, 2019 in this case, is used for purposes of computing tax reporting and withholding.

SEC source: 0001144204-19-004137 · tv512189_form4.xml · nonDerivative · entry 1

BAGAI PAVAN · CIK 0001374134 · President & COO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 69,510

F1 · price: The reporting person's shares of common stock, par value $0.001 per share (the "Common Stock") reported in this report were earned pursuant to the performance restricted stock units ("PRSUs") of ExlService Holdings, Inc. (the "Company") granted on February 24, 2016 and voluntarily reported in a Form 4 filed on February 26, 2016. Such shares of Common Stock were deemed earned on January 29, 2019 based on the Compensation Committee of the Board of Directors administering the award certifying the achievement of performance targets applicable to the PRSUs for the performance period ending on December 31, 2018.

SEC source: 0001144204-19-004142 · tv512192_form4.xml · nonDerivative · entry 1

Kapoor Rohit · CIK 0001373630 · Director · CEO & Vice Chairman

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 233,444

F1 · price: The reporting person's shares of common stock, par value $0.001 per share (the "Common Stock") reported in this report were earned pursuant to the performance restricted stock units ("PRSUs") of ExlService Holdings, Inc. (the "Company") granted on February 24, 2016 and voluntarily reported in a Form 4 filed on February 26, 2016. Such shares of Common Stock were deemed earned on January 29, 2019 based on the Compensation Committee of the Board of Directors administering the award certifying the achievement of performance targets applicable to the PRSUs for the performance period ending on December 31, 2018.

SEC source: 0001144204-19-004139 · tv512190_form4.xml · nonDerivative · entry 2

Miglani Nalin Kumar · CIK 0001627017 · EVP and Chief HR Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 1,275

F2 · price: Pursuant to the agreement governing the grant of the PRSUs and pursuant to the Company's 2015 Amendment and Restatement of the 2006 Omnibus Award Plan, pursuant to which such PRSUs were granted, the closing price of the Common Stock on the Nasdaq Global Select Market on the preceding day, January 28, 2019 in this case, is used for purposes of computing tax reporting and withholding.

SEC source: 0001144204-19-004139 · tv512190_form4.xml · nonDerivative · entry 1

Miglani Nalin Kumar · CIK 0001627017 · EVP and Chief HR Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 2,205

F1 · price: The reporting person's shares of common stock, par value $0.001 per share (the "Common Stock") reported in this report were earned pursuant to the performance restricted stock units ("PRSUs") of ExlService Holdings, Inc. (the "Company") granted on February 24, 2016 and voluntarily reported in a Form 4 filed on February 26, 2016. Such shares of Common Stock were deemed earned on January 29, 2019 based on the Compensation Committee of the Board of Directors administering the award certifying the achievement of performance targets applicable to the PRSUs for the performance period ending on December 31, 2018.

SEC source: 0001144204-19-004135 · tv512188_form4.xml · nonDerivative · entry 2

Bhalla Vikas · CIK 0001373633 · EVP & Head of Outsourcing

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 6,146

F2 · price: Pursuant to the agreement governing the grant of the PRSUs and pursuant to the Company's 2015 Amendment and Restatement of the 2006 Omnibus Award Plan, pursuant to which such PRSUs were granted, the closing price of the Common Stock on the Nasdaq Global Select Market on the preceding day, January 28, 2019 in this case, is used for purposes of computing tax reporting and withholding.

SEC source: 0001144204-19-004135 · tv512188_form4.xml · nonDerivative · entry 1

Bhalla Vikas · CIK 0001373633 · EVP & Head of Outsourcing

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 7,003

F1 · price: The reporting person's shares of common stock, par value $0.001 per share (the "Common Stock") reported in this report were earned pursuant to the performance restricted stock units ("PRSUs") of ExlService Holdings, Inc. (the "Company") granted on February 24, 2016 and voluntarily reported in a Form 4 filed on February 26, 2016. Such shares of Common Stock were deemed earned on January 29, 2019 based on the Compensation Committee of the Board of Directors administering the award certifying the achievement of performance targets applicable to the PRSUs for the performance period ending on December 31, 2018.

SEC source: 0001144204-18-065173 · tv509422_4.xml · derivative · entry 3

Srivatsan Nagaraja · CIK 0001692522 · Exec VP & Chief Growth Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 9,000

Underlying: Common Stock, par value $0.001 per share · 4,500 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_price: Restricted stock units of ExlService Holdings, Inc. (the "Company") convert into common stock, par value $0.001 per share on a one-for-one basis.

F3 · derivative.exercise_date: On December 15, 2016, the reporting person was granted 18,000 restricted stock units, vesting in four equal annual installments beginning on the first anniversary of the grant date. Twenty-five percent of the restricted stock units became vested on December 15, 2017, an additional twenty-five percent of the restricted stock units became vested on December 15, 2018, an additional twenty-five percent of the restricted stock units will vest on December 15, 2019, and the remaining balance of twenty-five percent of the restricted stock units will vest on December 15, 2020.

F3 · derivative.expiration_date: On December 15, 2016, the reporting person was granted 18,000 restricted stock units, vesting in four equal annual installments beginning on the first anniversary of the grant date. Twenty-five percent of the restricted stock units became vested on December 15, 2017, an additional twenty-five percent of the restricted stock units became vested on December 15, 2018, an additional twenty-five percent of the restricted stock units will vest on December 15, 2019, and the remaining balance of twenty-five percent of the restricted stock units will vest on December 15, 2020.

SEC source: 0001144204-18-065173 · tv509422_4.xml · nonDerivative · entry 2

Srivatsan Nagaraja · CIK 0001692522 · Exec VP & Chief Growth Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 6,854

F2 · price: The reporting person's restricted stock units reported in this report vested on December 15, 2018. Pursuant to the Company's 2015 Amendment and Restatement of the 2006 Omnibus Award Plan, pursuant to which such restricted stock units were granted, the closing price of the Common Stock on the Nasdaq Global Select Market on the preceding day is used for purposes of computing tax reporting and withholding.

SEC source: 0001144204-18-065173 · tv509422_4.xml · nonDerivative · entry 1

Srivatsan Nagaraja · CIK 0001692522 · Exec VP & Chief Growth Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 8,396

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · price: Restricted stock units of ExlService Holdings, Inc. (the "Company") convert into common stock, par value $0.001 per share on a one-for-one basis.

SEC source: 0001144204-18-064955 · tv509318_4.xml · derivative · entry 1

AYYAPPAN AJAY · CIK 0001762098 · SVP & Gen Counsel/Corp. Sec'y.

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 4,484

Underlying: Common Stock, par value $0.001 per share · 4,484 shares

Expires not disclosed

F1 · derivative.exercise_price: Each restricted stock unit represents a contingent right to receive one share of the Company's common stock upon settlement.

F2 · derivative.exercise_date: The restricted stock units will vest in four equal annual installments, beginning on December 13, 2019. Vesting will be accelerated upon certain events including upon a "Change in Control" (as defined in the ExlService Holdings, Inc. 2018 Omnibus Incentive Plan).

F2 · derivative.expiration_date: The restricted stock units will vest in four equal annual installments, beginning on December 13, 2019. Vesting will be accelerated upon certain events including upon a "Change in Control" (as defined in the ExlService Holdings, Inc. 2018 Omnibus Incentive Plan).

SEC source: 0001144204-18-064959 · tv509316_4.xml · nonDerivative · entry 1

STUDENMUND JAYNIE M · CIK 0001222385 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 2,220

SEC source: 0001144204-18-064686 · tv509167_4.xml · nonDerivative · entry 2

STAGLIN GAREN K · CIK 0001371494 · Director

10b5-1 filing: Not disclosed

Ownership: Indirect · See Footnote

Disclosed balance after: 1,854

F1 · kind: On December 12, 2018, the reporting person sold 1,854 shares of common stock of ExlService Holdings, Inc. to The Staglin Family Irrevocable Trust of 2018 dated November 9, 2018, of which Sharalyn King Staglin, the spouse of the reporting person, is the sole trustee.

F2 · ownership.nature: Owned by The Staglin Family Irrevocable Trust of 2018 dated November 9, 2018.

SEC source: 0001144204-18-064686 · tv509167_4.xml · nonDerivative · entry 1

STAGLIN GAREN K · CIK 0001371494 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 16,992

F1 · kind: On December 12, 2018, the reporting person sold 1,854 shares of common stock of ExlService Holdings, Inc. to The Staglin Family Irrevocable Trust of 2018 dated November 9, 2018, of which Sharalyn King Staglin, the spouse of the reporting person, is the sole trustee.

SEC source: 0001144204-18-064307 · tv509048_form4.xml · derivative · entry 4

STAGLIN GAREN K · CIK 0001371494 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock, par value $0.001 per share · 5,630 shares

Expires 2019-01-02

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · kind: On December 10, 2018, the reporting person exercised previously issued options to purchase an aggregate of 5,630 shares of common stock of ExlService Holdings, Inc.

F5 · derivative.exercise_date: On January 2, 2009, the reporting person was granted 16,892 stock options. 100 percent of these options became vested and exercisable on December 31, 2009.

SEC source: 0001144204-18-064307 · tv509048_form4.xml · nonDerivative · entry 3

STAGLIN GAREN K · CIK 0001371494 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 18,846

F2 · kind: The sales was made pursuant to a 10b5-1 plan previously entered into by the reporting person.

F4 · price: This transaction was executed in multiple trades at prices ranging from $55.47 to $55.77 per share. The price reported above reflects the weighted average purchase price on the date indicated. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transactions were effected.

SEC source: 0001144204-18-064307 · tv509048_form4.xml · nonDerivative · entry 2

STAGLIN GAREN K · CIK 0001371494 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 18,976

F2 · kind: The sales was made pursuant to a 10b5-1 plan previously entered into by the reporting person.

F3 · price: This transaction was executed in multiple trades at prices ranging from $54.44 to $55.14 per share. The price reported above reflects the weighted average purchase price on the date indicated. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transactions were effected.

SEC source: 0001144204-18-064307 · tv509048_form4.xml · nonDerivative · entry 1

STAGLIN GAREN K · CIK 0001371494 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 24,476

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · kind: On December 10, 2018, the reporting person exercised previously issued options to purchase an aggregate of 5,630 shares of common stock of ExlService Holdings, Inc.

SEC source: 0001144204-18-064088 · tv508956_form4.xml · derivative · entry 2

OSTLER CLYDE W · CIK 0001179283 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock, par value $0.001 per share · 2,380 shares

Expires 2019-01-02

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · kind: On December 7, 2018, the reporting person exercised previously issued options to purchase an aggregate of 2,380 shares of common stock of ExlService Holdings, Inc.

F2 · derivative.exercise_date: On January 2, 2009, the reporting person was granted 16,892 stock options. 100 percent of these options became vested and exercisable on December 31, 2009.

SEC source: 0001144204-18-064088 · tv508956_form4.xml · nonDerivative · entry 1

OSTLER CLYDE W · CIK 0001179283 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 16,408

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · kind: On December 7, 2018, the reporting person exercised previously issued options to purchase an aggregate of 2,380 shares of common stock of ExlService Holdings, Inc.

SEC source: 0001144204-18-063860 · tv508859_4.xml · derivative · entry 3

OSTLER CLYDE W · CIK 0001179283 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 2,380

Underlying: Common Stock, par value $0.001 per share · 5,648 shares

Expires 2019-01-02

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · kind: On December 6, 2018, the reporting person exercised previously issued options to purchase an aggregate of 5,648 shares of common stock of ExlService Holdings, Inc.

F3 · derivative.exercise_date: On January 2, 2009, the reporting person was granted 16,892 stock options. 100 percent of these options became vested and exercisable on December 31, 2009.

SEC source: 0001144204-18-063860 · tv508859_4.xml · nonDerivative · entry 2

OSTLER CLYDE W · CIK 0001179283 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 14,028

F2 · kind: The sales was made pursuant to a 10b5-1 plan previously entered into by the reporting person.

SEC source: 0001144204-18-063860 · tv508859_4.xml · nonDerivative · entry 1

OSTLER CLYDE W · CIK 0001179283 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 17,278

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · kind: On December 6, 2018, the reporting person exercised previously issued options to purchase an aggregate of 5,648 shares of common stock of ExlService Holdings, Inc.

SEC source: 0001144204-18-063863 · tv508860_4.xml · nonDerivative · entry 1

Miglani Nalin Kumar · CIK 0001627017 · EVP and Chief HR Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

F1 · kind: The sales was made pursuant to a 10b5-1 plan previously entered into by the reporting person.

F2 · price: This transaction was executed in multiple trades at prices ranging from $54.07 to $54.51 per share. The price reported above reflects the weighted average purchase price on the date indicated. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transactions were effected.

SEC source: 0001144204-18-063624 · tv508682_form4.xml · derivative · entry 3

OSTLER CLYDE W · CIK 0001179283 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 8,028

Underlying: Common Stock, par value $0.001 per share · 5,633 shares

Expires 2019-01-02

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · kind: On December 4, 2018, the reporting person exercised previously issued options to purchase an aggregate of 5,633 shares of common stock of ExlService Holdings, Inc.

F3 · derivative.exercise_date: On January 2, 2009, the reporting person was granted 16,892 stock options. 100 percent of these options became vested and exercisable on December 31, 2009.

SEC source: 0001144204-18-063624 · tv508682_form4.xml · nonDerivative · entry 2

OSTLER CLYDE W · CIK 0001179283 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 11,630

F2 · kind: The sales was made pursuant to a 10b5-1 plan previously entered into by the reporting person.

SEC source: 0001144204-18-063624 · tv508682_form4.xml · nonDerivative · entry 1

OSTLER CLYDE W · CIK 0001179283 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 14,863

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · kind: On December 4, 2018, the reporting person exercised previously issued options to purchase an aggregate of 5,633 shares of common stock of ExlService Holdings, Inc.

SEC source: 0001144204-18-063629 · tv508683_form4.xml · derivative · entry 3

Miglani Nalin Kumar · CIK 0001627017 · EVP and Chief HR Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Common Stock, par value $0.001 per share · 8,000 shares

Expires 2024-12-04

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_price: Restricted stock units of ExlService Holdings, Inc. (the "Company") convert into common stock, par value $0.001 per share (the "Common Stock") on a one-for-one basis.

F3 · derivative.exercise_date: On December 4, 2014, the reporting person was granted 20,000 restricted stock units, 10 percent of the restricted stock units became vested on December 4, 2015, an additional 20 percent of the restricted stock units became vested on December 4, 2016, an additional 30 percent of the restricted stock units became vested on December 4, 2017, and the remaining balance 40 percent of the restricted stock units became vested on December 4, 2018.

SEC source: 0001144204-18-063629 · tv508683_form4.xml · nonDerivative · entry 2

Miglani Nalin Kumar · CIK 0001627017 · EVP and Chief HR Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 3,742

F2 · price: The reporting person's restricted stock units reported in this report vested on December 4, 2018. Pursuant to the Company's 2006 Omnibus Award Plan, pursuant to which such restricted stock units were granted, the average of the high and low sale prices of the Common Stock on the Nasdaq Global Select Market on the preceding day is used for purposes of computing tax reporting and withholding.

SEC source: 0001144204-18-063629 · tv508683_form4.xml · nonDerivative · entry 1

Miglani Nalin Kumar · CIK 0001627017 · EVP and Chief HR Officer

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 8,000

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · price: Restricted stock units of ExlService Holdings, Inc. (the "Company") convert into common stock, par value $0.001 per share (the "Common Stock") on a one-for-one basis.

SEC source: 0001144204-18-063399 · tv508598_4.xml · derivative · entry 3

OSTLER CLYDE W · CIK 0001179283 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 13,661

Underlying: Common Stock, par value $0.001 per share · 3,231 shares

Expires 2019-01-02

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · kind: On December 3, 2018, the reporting person exercised previously issued options to purchase an aggregate of 3,231 shares of common stock of ExlService Holdings, Inc.

F3 · derivative.exercise_date: On January 2, 2009, the reporting person was granted 16,892 stock options. 100 percent of these options became vested and exercisable on December 31, 2009.

SEC source: 0001144204-18-063399 · tv508598_4.xml · nonDerivative · entry 2

OSTLER CLYDE W · CIK 0001179283 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 9,230

F2 · kind: The sales was made pursuant to a 10b5-1 plan previously entered into by the reporting person.

SEC source: 0001144204-18-063399 · tv508598_4.xml · nonDerivative · entry 1

OSTLER CLYDE W · CIK 0001179283 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 12,461

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · kind: On December 3, 2018, the reporting person exercised previously issued options to purchase an aggregate of 3,231 shares of common stock of ExlService Holdings, Inc.

SEC source: 0001144204-18-058828 · tv506899_4.xml · derivative · entry 1

Meckey Samuel · CIK 0001758557 · Executive Vice President

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 8,506

Underlying: Common Stock, par value $0.001 per share · 8,506 shares

Expires not disclosed

F1 · derivative.exercise_price: Each restricted stock unit represents a contingent right to receive one share of the Company's common stock upon settlement.

F2 · derivative.exercise_date: The restricted stock units will vest in four equal annual installments, beginning on November 8, 2019. Vesting will be accelerated upon certain termination of employment events and upon a "Change in Control" (as defined in the ExlService Holdings, Inc. 2018 Omnibus Incentive Plan).

F2 · derivative.expiration_date: The restricted stock units will vest in four equal annual installments, beginning on November 8, 2019. Vesting will be accelerated upon certain termination of employment events and upon a "Change in Control" (as defined in the ExlService Holdings, Inc. 2018 Omnibus Incentive Plan).

SEC source: 0001144204-18-053675 · tv504734_4.xml · derivative · entry 4

STAGLIN GAREN K · CIK 0001371494 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 5,630

Underlying: Common Stock, par value $0.001 per share · 5,631 shares

Expires 2019-01-02

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · kind: On October 10, 2018, the reporting person exercised previously issued options to purchase an aggregate of 5,631 shares of common stock of ExlService Holdings, Inc.

F5 · derivative.exercise_date: On January 2, 2009, the reporting person was granted 16,892 stock options. 100 percent of these options became vested and exercisable on December 31, 2009.

SEC source: 0001144204-18-053675 · tv504734_4.xml · nonDerivative · entry 3

STAGLIN GAREN K · CIK 0001371494 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 18,846

F2 · kind: The sales was made pursuant to a 10b5-1 plan previously entered into by the reporting person.

F4 · price: This transaction was executed in multiple trades at prices ranging from $64.16 to $64.40 per share. The price reported above reflects the weighted average purchase price on the date indicated. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transactions were effected.

SEC source: 0001144204-18-053675 · tv504734_4.xml · nonDerivative · entry 2

STAGLIN GAREN K · CIK 0001371494 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 19,446

F2 · kind: The sales was made pursuant to a 10b5-1 plan previously entered into by the reporting person.

F3 · price: This transaction was executed in multiple trades at prices ranging from $63.14 to $64.03 per share. The price reported above reflects the weighted average purchase price on the date indicated. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transactions were effected.

SEC source: 0001144204-18-053675 · tv504734_4.xml · nonDerivative · entry 1

STAGLIN GAREN K · CIK 0001371494 · Director

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 24,477

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · kind: On October 10, 2018, the reporting person exercised previously issued options to purchase an aggregate of 5,631 shares of common stock of ExlService Holdings, Inc.

SEC source: 0000950103-18-011818 · ownership.xml · derivative · entry 1

PANDIT VIKRAM S · CIK 0001183417 · Director

Orogen Echo LLC · CIK 0001754751 · Director

Orogen Group LLC · CIK 0001705509 · Director

Orogen Holdings LLC · CIK 0001705500 · Director

Atairos-Orogen Holdings, LLC · CIK 0001705610 · Director

Atairos Group, Inc. · CIK 0001671122 · Director

Atairos Partners, L.P. · CIK 0001671185 · Director

Atairos Partners GP, Inc. · CIK 0001671176 · Director

Angelakis Michael J · CIK 0001393014 · Director

Joint disclosure: these amounts are not allocated separately to each reporting owner.

10b5-1 filing: Not disclosed

Ownership: Indirect · See footnotes

Disclosed balance after: 1,199

Underlying: Common Stock, par value $0.001 per share · 1,199 shares

Expires not disclosed

F1 · derivative.exercise_price: Each restricted stock unit represents a contingent right to receive one share of the common stock ("Common Stock") of ExlService Holdings, Inc. (the "Issuer") upon settlement.

F2 · derivative.exercise_date: The restricted stock units vest upon the earlier of (i) the first anniversary of the date of grant, (ii) the date on which the reporting person's term as a member of the Board of Directors of the Issuer (the "Board") expires if the reporting person is not subsequently elected to a new term on the Board, and (iii) the occurrence of a "Change in Control", as defined in the ExlService Holdings, Inc. 2018 Omnibus Incentive Plan (the "Plan"), and such awards settle upon the earlier of (i) the reporting person's death, (ii) the occurrence of a "Change of Control", as defined in the Plan and (iii) the date that is 180 days following the date on which the reporting person ceases to serve as a member of the Board for any reason other than due to such reporting person's death or, if later, the date of the reporting person's separation from service.

F2 · derivative.expiration_date: The restricted stock units vest upon the earlier of (i) the first anniversary of the date of grant, (ii) the date on which the reporting person's term as a member of the Board of Directors of the Issuer (the "Board") expires if the reporting person is not subsequently elected to a new term on the Board, and (iii) the occurrence of a "Change in Control", as defined in the ExlService Holdings, Inc. 2018 Omnibus Incentive Plan (the "Plan"), and such awards settle upon the earlier of (i) the reporting person's death, (ii) the occurrence of a "Change of Control", as defined in the Plan and (iii) the date that is 180 days following the date on which the reporting person ceases to serve as a member of the Board for any reason other than due to such reporting person's death or, if later, the date of the reporting person's separation from service.

F3 · ownership.nature: Mr. Pandit serves on the Board and is the Chairman and Chief Executive Officer of Orogen Echo LLC ("OE"). Orogen Holdings LLC and Atairos-Orogen Holdings, LLC are the sole members with joint investment control of The Orogen Group LLC ("Orogen"), which is the sole member of OE. Mr. Pandit has majority voting control of Orogen Holdings LLC. Atairos Group, Inc. ("Atairos") is the sole voting shareholder of Atairos-Orogen Holdings, LLC. Michael Angelakis is the Chairman and Chief Executive Officer of Atairos and controls a majority of the voting power of Atairos Partners GP, Inc., which is the general partner of Atairos Partners L.P., the sole voting shareholder of Atairos.

F4 · ownership.nature: Each of the reporting persons, other than Mr. Pandit, is acting as a director by deputization of the Issuer with respect to Mr. Pandit's membership on the Board. Each of the reporting persons may be deemed to have direct or indirect beneficial ownership of the reported securities, as applicable, but disclaims such beneficial ownership except to the extent of its pecuniary interest therein.

SEC source: 0001144204-18-052338 · tv504134_4.xml · nonDerivative · entry 1

Kapoor Rohit · CIK 0001373630 · Director · CEO & Vice Chairman

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 219,664

F1 · kind: This sale was made pursuant to a 10b5-1 plan previously entered into by the reporting person.

F2 · price: This transaction was executed in multiple trades at prices ranging from $66.50 to $66.51 per share. The price reported above reflects the weighted average purchase price on the date indicated. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transactions were effected.