Sec Form 4 Filing - Smith Christopher M @ STARTEK INC - 2011-10-01

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 Smith Christopher M 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., 44 COOK STREET, 4TH FLOOR 3. Date of Earliest Transaction (MM/DD/YY) 10/01/2011 (Street) DENVER, CO80206 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 ( 1 ) 10/01/2011 A 3,947 A $ 0 21,950 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 $ 2.85 10/01/2011 A 30,000 ( 2 ) 10/01/2021 Common Stock 30,000 $ 0 30,000 D Stock Options ( 3 ) $ 2.85 10/01/2011 A 6,321 10/01/2011 10/01/2021 Common Stock 6,321 $ 0 6,321 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other Smith Christopher M C/O STARTEK, INC. 44 COOK STREET, 4TH FLOOR DENVER, CO80206 X Signatures Julie Patterson on behalf of Christopher M. Smith 10/04/2011 Signature of Reporting Person Date

Explanation of Responses:

( 1 )Represents 50% of Mr. Smith's quarterly board compensation granted pursuant to the Company's revised independent director compensation plan (the "Plan") with a grant date fair value of $11,250. ( 2 )Grant was issued in connection with the transition provisions of the Plan. The option is exercisable as to shares for which the option is vested. The options shall vest in twelve equal installments of 2,500 shares with the the first vesting date being December 31, 2011, followed by quarterly vesting thereafter, subject to accelerated vesting upon a change of control as described in the terms of the plan. ( 3 )Represents 50% of Mr. Smith's quarterly board compensation pursuant to the Plan with a grant date fair value (as measured by the Black-Scholes option valuation model) of $11,250.

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).

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