MACKEY MARLIN 4

4 · SYNTEL INC · Filed Aug 25, 2003

Form 4

Period: 2003-08-21

Senior Vice President

Transactions

Exercise/Conversion
Common Stock
2003-08-21$6.00/sh+2,992$17,952→ 28,616 total
Exercise/Conversion
Common Stock
2003-08-21$11.31/sh+2,500$28,275→ 31,116 total
Exercise/Conversion
Employee Stock Option (right to buy)
2003-08-21−2,500→ 5,000 total
Exercise: $11.31From: 2000-01-01Exp: 2009-01-01→ Common Stock (2,500 underlying)
Exercise/Conversion
Employee Stock Option (right to buy)
2003-08-21−2,992→ 0 total
Exercise: $6.00From: 1998-12-14Exp: 2007-12-14→ Common Stock (2,992 underlying)
Exercise/Conversion
Employee Stock Option (right to buy)
2003-08-21−5,000→ 16,455 total
Exercise: $8.25From: 2000-10-29Exp: 2009-10-29→ Common Stock (5,000 underlying)
Sale
Common Stock
2003-08-21$26.50/sh−2,500$66,250→ 28,616 total
Exercise/Conversion
Common Stock
2003-08-21$8.25/sh+5,000$41,250→ 33,616 total

Holdings

Employee Stock Option (right to buy)
Exercise: $5.00From: 2002-01-17Exp: 2011-01-17→ Common Stock
30,000

Footnotes (4)

[F1]The option vests in annual installments of 10%, 20%, 30%, and 40% of the shares subject to the option on the first, second, third, and fourth anniversaries (respectively) of the grant date.
[F2]Granted pursuant to the Syntel, Inc. 1997 Stock Option and Incentive Plan.
[F3]The option vests in annual installments of 25% of the shares subject to the option on the first four anniversary dates of the grant date.
[F4]One share of common stock is received for each option exercised.

Documents

1 file