Sec Form 4 Filing - Chakrabarty Sanjay @ Startek, Inc. - 2024-01-05

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
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, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Chakrabarty Sanjay
2. Issuer Name and Ticker or Trading Symbol
Startek, Inc. [ SRT]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
C/O STARTEK, INC., 4610 SOUTH ULSTER STREET, SUITE 150
3. Date of Earliest Transaction (MM/DD/YY)
01/05/2024
(Street)
DENVER, CO80237
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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 41,360 D 0 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(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 of Derivative Security: 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 ( 2 ) 0 D
Stock Options $ 6.54 01/05/2024 D 5,066 01/02/2019 01/02/2029 Common Stock 5,066 ( 2 ) 0 D
Stock Options $ 8.02 01/05/2024 D 4,333 04/01/2019 04/01/2029 Common Stock 4,333 ( 2 ) 0 D
Stock Options $ 8.39 01/05/2024 D 4,387 07/01/2019 07/01/2029 Common Stock 4,387 ( 2 ) 0 D
Stock Options $ 6.39 01/05/2024 D 5,925 10/01/2019 10/01/2029 Common Stock 5,925 ( 2 ) 0 D
Stock Options $ 8.14 01/05/2024 D 4,642 01/02/2020 01/02/2030 Common Stock 4,642 ( 2 ) 0 D
Stock Options $ 3.31 01/05/2024 D 11,138 04/01/2020 04/01/2030 Common Stock 11,138 ( 2 ) 0 D
Stock Options $ 5.06 01/05/2024 D 7,107 07/01/2020 07/01/2030 Common Stock 7,107 ( 2 ) 0 D
Stock Options $ 5.23 01/05/2024 D 6,871 10/01/2020 10/01/2030 Common Stock 6,871 ( 2 ) 0 D
Stock Options $ 7.83 01/05/2024 D 4,561 01/04/2021 01/04/2031 Common Stock 4,561 ( 2 ) 0 D
Stock Options $ 7.84 01/05/2024 D 4,437 04/01/2021 04/01/2031 Common Stock 4,437 ( 2 ) 0 D
Stock Options $ 7.12 01/05/2024 D 4,889 07/01/2021 07/01/2031 Common Stock 4,889 ( 2 ) 0 D
Stock Options $ 6.25 01/05/2024 D 5,575 10/01/2021 10/01/2031 Common Stock 5,575 ( 2 ) 0 D
Stock Options $ 5. 26 01/05/2024 D 6,586 01/03/2022 01/03/2032 Common Stock 6,586 ( 2 ) 0 D
Stock Options $ 4.52 01/05/2024 D 7,572 04/01/2022 04/01/2032 Common Stock 7,572 ( 2 ) 0 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Chakrabarty Sanjay
C/O STARTEK, INC.
4610 SOUTH ULSTER STREET, SUITE 150
DENVER, CO80237
X
Signatures
/s/ Teri Scott, as attorney-in-fact 01/05/2024
Signature of Reporting Person Date
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 )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 canceled in exchange for no consideration.

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