SEC Form 4
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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X
 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
  
 Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Rao Bharat
(Last) (First) (Middle)
C/O STARTEK, INC.
6200 SOUTH SYRACUSE WAY, SUITE 485
(Street)
GREENWOOD VILLAGE CO 80111
(City) (State) (Zip)
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
X Officer (give title below) Other (specify below)
Global Chief Executive Officer
3. Date of Earliest Transaction (Month/Day/Year)
01/05/2024
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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 01/05/2024 D 206,814 D (1) 0 I Tribus Capital Limited(2)
Common Stock 01/05/2024 D 274,064 D (1) 0 I Advance Crest Investments Limited(3)
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 (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
Stock Options $6.44 01/05/2024 D 4,847 10/01/2018 10/01/2028 Common Stock 4,847 (4) 0 D
Stock Options $6.54 01/05/2024 D 5,066 01/02/2019 01/02/2029 Common Stock 5,066 (4) 0 D
Stock Options $8.02 01/05/2024 D 4,333 04/01/2019 04/01/2029 Common Stock 4,333 (4) 0 D
Stock Options $8.39 01/05/2024 D 4,387 07/01/2019 07/01/2029 Common Stock 4,387 (4) 0 D
Stock Options $6.39 01/05/2024 D 5,925 10/01/2019 10/01/2029 Common Stock 5,925 (4) 0 D
Stock Options $8.14 01/05/2024 D 4,642 01/02/2020 01/02/2030 Common Stock 4,642 (4) 0 D
Stock Options $3.31 01/05/2024 D 11,138 04/01/2020 04/01/2030 Common Stock 11,138 (4) 0 D
Stock Options $5.06 01/05/2024 D 7,107 07/01/2020 07/01/2030 Common Stock 7,107 (4) 0 D
Stock Options $5.23 01/05/2024 D 6,871 10/01/2020 10/01/2030 Common Stock 6,871 (4) 0 D
Stock Options $7.83 01/05/2024 D 4,561 01/04/2021 01/04/2031 Common Stock 4,561 (4) 0 D
Stock Options $7.84 01/05/2024 D 4,437 04/01/2021 04/01/2031 Common Stock 4,437 (4) 0 D
Stock Options $7.12 01/05/2024 D 4,889 07/01/2021 07/01/2031 Common Stock 4,889 (4) 0 D
Stock Options $6.25 01/05/2024 D 5,575 10/01/2021 10/01/2031 Common Stock 5,575 (4) 0 D
Stock Options $5.26 01/05/2024 D 6,586 01/03/2022 01/03/2032 Common Stock 6,586 (4) 0 D
Stock Options $5.75 01/05/2024 D 550,000 (5) 01/31/2032 Common Stock 550,000 (5) 0 D
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. The Reporting Person is one-third owner of Tribus Capital Limited. The Reporting Person disclaims beneficial ownership in such securities except to the extent of his pecuniary interest therein.
3. The Reporting Person is a 50% owner of Advance Crest Investments Limited. The Reporting Person disclaims beneficial ownership in such securities except to the extent of his pecuniary interest therein.
4. 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 cancelled in exchange for no consideration.
5. These stock options, which were originally scheduled to vest in equal amounts on the last day of each quarter over four (4) years, with the first vesting date of April 30, 2022, became fully vested and were cancelled as a result of the merger, in exchange for no consideration.
/s/ Teri Scott, as attorney-in-fact 01/05/2024
** 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.
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