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). |
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
India Globalization Capital, Inc. [ IGC ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 03/20/2008 | ||||||||||||||||||||||||||
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 | 05/16/2008 | S | 1,500 | D | $4.79 | 31,165 | I(1) | See Footnote(1) | ||
Common Stock | 05/19/2008 | P | 1,062 | A | $4.59 | 32,227 | I(1) | See Footnote(1) | ||
Common Stock | 05/19/2008 | S | 1,062 | D | $4.59 | 31,165 | I(1) | See Footnote(1) | ||
Common Stock | 05/20/2008 | P | 1,225 | A | $4.13 | 32,390 | I(1) | See Footnote(1) | ||
Common Stock | 05/20/2008 | S | 38 | D | $4.44 | 32,352 | I(1) | See Footnote(1) | ||
Common Stock | 05/20/2008 | S | 1,225 | D | $4.13 | 31,127 | I(1) | See Footnote(1) | ||
Common Stock | 05/21/2008 | P | 700 | A | $5.24 | 31,827 | I(1) | See Footnote(1) | ||
Common Stock | 05/21/2008 | P | 500 | A | $5.33 | 32,327 | I(1) | See Footnote(1) | ||
Common Stock | 05/21/2008 | P | 1,000 | A | $5.21 | 33,327 | I(1) | See Footnote(1) | ||
Common Stock | 05/21/2008 | P | 14,846 | A | $4.36 | 48,173 | I(1) | See Footnote(1) | ||
Common Stock | 05/21/2008 | S | 1,000 | D | $4.34 | 47,173 | I(1) | See Footnote(1) | ||
Common Stock | 05/21/2008 | S | 9,425 | D | $4.26 | 37,748 | I(1) | See Footnote(1) | ||
Common Stock | 05/21/2008 | S | 2,425 | D | $3.93 | 35,323 | I(1) | See Footnote(1) | ||
Common Stock | 05/21/2008 | S | 6,047 | D | $5.15 | 29,276 | I(1) | See Footnote(1) | ||
Common Stock | 05/21/2008 | S | 275 | D | $5 | 29,001 | I(1) | See Footnote(1) | ||
Common Stock | 05/22/2008 | P | 10,839 | A | $5.31 | 39,840 | I(1) | See Footnote(1) | ||
Common Stock | 05/22/2008 | P | 1,695 | A | $5.05 | 41,535 | I(1) | See Footnote(1) | ||
Common Stock | 05/22/2008 | P | 21,595 | A | $5.43 | 63,130 | I(1) | See Footnote(1) | ||
Common Stock | 05/22/2008 | P | 500 | A | $5.33 | 63,630 | I(1) | See Footnote(1) | ||
Common Stock | 05/22/2008 | P | 3,800 | A | $4.99 | 67,430 | I(1) | See Footnote(1) | ||
Common Stock | 05/22/2008 | S | 847 | D | $5.37 | 66,583 | I(1) | See Footnote(1) | ||
Common Stock | 05/22/2008 | S | 200 | D | $5.28 | 66,383 | I(1) | See Footnote(1) | ||
Common Stock | 05/22/2008 | S | 200 | D | $5.3 | 66,183 | I(1) | See Footnote(1) | ||
Common Stock | 05/22/2008 | S | 13,334 | D | $5.25 | 52,849 | I(1) | See Footnote(1) | ||
Common Stock | 05/22/2008 | S | 6,356 | D | $5.34 | 46,493 | I(1) | See Footnote(1) | ||
Common Stock | 05/22/2008 | S | 3,000 | D | $5.3 | 43,493 | I(1) | See Footnote(1) | ||
Common Stock | 05/22/2008 | S | 1,300 | D | $5.47 | 42,193 | I(1) | See Footnote(1) | ||
Common Stock | 05/22/2008 | S | 3,861 | D | $5.09 | 38,332 | I(1) | See Footnote(1) | ||
Common Stock | 05/22/2008 | S | 400 | D | $5.5 | 37,932 | I(1) | See Footnote(1) | ||
Common Stock | 05/22/2008 | S | 6,200 | D | $5.52 | 31,732 | I(1) | See Footnote(1) |
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 | ||||||||
Warrants (Right to Buy) | $5 | 04/24/2008 | S | 10,100 | 03/07/2008(2) | 03/03/2011 | Common Stock | 10,100 | $0.89 | 1,096,707 | I(1) | See Footnote(1) | |||
Warrants (Right to Buy) | $5 | 04/25/2008 | P | 10,000 | 03/07/2008(2) | 03/03/2011 | Common Stock | 10,000 | $0.82 | 1,106,707 | I(1) | See Footnote(1) | |||
Warrants (Right to Buy) | $5 | 04/25/2008 | P | 56,000 | 03/07/2008(2) | 03/03/2011 | Common Stock | 56,000 | $0.84 | 1,162,707 | I(1) | See Footnote(1) | |||
Warrants (Right to Buy) | $5 | 04/25/2008 | P | 9,900 | 03/07/2008(2) | 03/03/2011 | Common Stock | 9,900 | $0.82 | 1,172,607 | I(1) | See Footnote(1) | |||
Warrants (Right to Buy) | $5 | 04/25/2008 | S | 9,900 | 03/07/2008(2) | 03/03/2011 | Common Stock | 9,900 | $0.82 | 1,162,707 | I(1) | See Footnote(1) | |||
Warrants (Right to Buy) | $5 | 04/25/2008 | S | 66,000 | 03/07/2008(2) | 03/03/2011 | Common Stock | 66,000 | $0.84 | 1,096,707 | I(1) | See Footnote(1) | |||
Warrants (Right to Buy) | $5 | 04/28/2008 | P | 20,387 | 03/07/2008(2) | 03/03/2011 | Common Stock | 20,387 | $0.84 | 1,117,094 | I(1) | See Footnote(1) | |||
Warrants (Right to Buy) | $5 | 04/28/2008 | S | 20,387 | 03/07/2008(2) | 03/03/2011 | Common Stock | 20,387 | $0.84 | 1,096,707 | I(1) | See Footnote(1) | |||
Warrants (Right to Buy) | $5 | 04/29/2008 | P | 10,000 | 03/07/2008(2) | 03/03/2011 | Common Stock | 10,000 | $0.82 | 1,106,707 | I(1) | See Footnote(1) | |||
Warrants (Right to Buy) | $5 | 04/29/2008 | P | 33,700 | 03/07/2008(2) | 03/03/2011 | Common Stock | 33,700 | $0.84 | 1,140,407 | I(1) | See Footnote(1) | |||
Warrants (Right to Buy) | $5 | 04/29/2008 | S | 100 | 03/07/2008(2) | 03/03/2011 | Common Stock | 100 | $0.83 | 1,140,307 | I(1) | See Footnote(1) | |||
Warrants (Right to Buy) | $5 | 04/29/2008 | S | 3,500 | 03/07/2008(2) | 03/03/2011 | Common Stock | 3,500 | $0.82 | 1,136,807 | I(1) | See Footnote(1) | |||
Warrants (Right to Buy) | $5 | 04/29/2008 | S | 33,700 | 03/07/2008(2) | 03/03/2011 | Common Stock | 33,700 | $0.84 | 1,103,107 | I(1) | See Footnote(1) | |||
Warrants (Right to Buy) | $5 | 04/30/2008 | P | 8,074 | 03/07/2008(2) | 03/03/2011 | Common Stock | 8,074 | $0.85 | 1,111,181 | I(1) | See Footnote(1) | |||
Warrants (Right to Buy) | $5 | 04/30/2008 | P | 2,000 | 03/07/2008(2) | 03/03/2011 | Common Stock | 2,000 | $0.85 | 1,113,181 | I(1) | See Footnote(1) | |||
Warrants (Right to Buy) | $5 | 04/30/2008 | S | 2,000 | 03/07/2008(2) | 03/03/2011 | Common Stock | 2,000 | $0.85 | 1,111,181 | I(1) | See Footnote(1) | |||
Warrants (Right to Buy) | $5 | 04/30/2008 | S | 2,774 | 03/07/2008(2) | 03/03/2011 | Common Stock | 2,774 | $0.85 | 1,108,407 | I(1) | See Footnote(1) | |||
Warrants (Right to Buy) | $5 | 04/30/2008 | S | 5,300 | 03/07/2008(2) | 03/03/2011 | Common Stock | 5,300 | $0.85 | 1,103,107 | I(1) | See Footnote(1) | |||
Warrants (Right to Buy) | $5 | 05/01/2008 | P | 3,200 | 03/07/2008(2) | 03/03/2011 | Common Stock | 3,200 | $0.85 | 1,106,307 | I(1) | See Footnote(1) | |||
Warrants (Right to Buy) | $5 | 05/01/2008 | P | 4,713 | 03/07/2008(2) | 03/03/2011 | Common Stock | 4,713 | $0.83 | 1,111,020 | I(1) | See Footnote(1) | |||
Warrants (Right to Buy) | $5 | 05/01/2008 | S | 4,713 | 03/07/2008(2) | 03/03/2011 | Common Stock | 4,713 | $0.83 | 1,106,307 | I(1) | See Footnote(1) | |||
Warrants (Right to Buy) | $5 | 05/01/2008 | S | 3,200 | 03/07/2008(2) | 03/03/2011 | Common Stock | 3,200 | $0.85 | 1,103,107 | I(1) | See Footnote(1) | |||
Warrants (Right to Buy) | $5 | 05/01/2008 | S | 4,800 | 03/07/2008(2) | 03/03/2011 | Common Stock | 4,800 | $0.85 | 1,098,307 | I(1) | See Footnote(1) | |||
Warrants (Right to Buy) | $5 | 05/02/2008 | P | 10,000 | 03/07/2008(2) | 03/03/2011 | Common Stock | 10,000 | $0.87 | 1,108,307 | I(1) | See Footnote(1) | |||
Warrants (Right to Buy) | $5 | 05/02/2008 | P | 6,029 | 03/07/2008(2) | 03/03/2011 | Common Stock | 6,029 | $0.87 | 1,114,336 | I(1) | See Footnote(1) | |||
Warrants (Right to Buy) | $5 | 05/02/2008 | P | 12,000 | 03/07/2008(2) | 03/03/2011 | Common Stock | 12,000 | $0.9 | 1,126,336 | I(1) | See Footnote(1) | |||
Warrants (Right to Buy) | $5 | 05/02/2008 | S | 800 | 03/07/2008(2) | 03/03/2011 | Common Stock | 800 | $0.87 | 1,125,536 | I(1) | See Footnote(1) | |||
Warrants (Right to Buy) | $5 | 05/02/2008 | S | 3,000 | 03/07/2008(2) | 03/03/2011 | Common Stock | 3,000 | $0.86 | 1,122,536 | I(1) | See Footnote(1) | |||
Warrants (Right to Buy) | $5 | 05/02/2008 | S | 12,000 | 03/07/2008(2) | 03/03/2011 | Common Stock | 12,000 | $0.9 | 1,110,536 | I(1) | See Footnote(1) | |||
Warrants (Right to Buy) | $5 | 05/02/2008 | S | 3 | 03/07/2008(2) | 03/03/2011 | Common Stock | 3 | $0.87 | 1,110,533 | I(1) | See Footnote(1) |
Explanation of Responses: |
1. THE REPORTED SECURITIES ARE OWNED DIRECTLY IN PART BY UBS FINANCIAL SERVICES, INC. AND IN PART BY UBS SECURITIES LLC, BOTH OF WHICH ARE WHOLLY OWNED SUBSIDIARIES OF UBS AG. UBS AG IS INDIRECT BENEFICIAL OWNER OF THE REPORTED SECURITIES. |
2. INDIA GLOBALIZATION CAPITAL, INC. FILED ITS ANNUAL REPORT FOR THE FISCAL YEAR ENDED MARCH 31, 2008 ONE DAY AFTER ITS EXTENDED DEADLINE FOR FILING, AND THUS THE ISSUER'S REGISTRATION STATEMENT ON FORM S-3 REGISTERING THE REPORTED SECURITIES ISSUABLE UPON EXERCISE OF THE WARRANTS CEASED TO BE EFFECTIVE. AS A RESULT, ON JULY 16, 2008, THE WARRANTS BECAME UNEXERCISABLE, AND THE REPORTING PERSON CEASED TO HAVE A REPORTING OBLIGATION WITH RESPECT TO THE REPORTED SECURITIES. THIS FORM 4 REFLECTS BENEFICIAL OWNERSHIP OF THE REPORTING PERSON AS OF JULY 15, 2008, AND DOES NOT REFLECT ANY SUBSEQUENT ACTIVITY. |
/s/ Gordon Kiesling, Executive Director, UBS AG | 09/17/2008 | |
/s/ Anthony DeFilippis, Executive Director, UBS AG | 09/17/2008 | |
** 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. |