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IGC Pharma, Inc. Director's Dealing 2008

Sep 18, 2008

34705_dirs_2008-09-18_86c9f19e-1a99-45e9-8f9f-762d75eee9af.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: India Globalization Capital, Inc. (IGC)
CIK: 0001326205
Period of Report: 2008-03-20

Reporting Person: UBS AG (10% Owner)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2008-06-23 Common Stock P 800 $4.99 Acquired 33489 Indirect
2008-06-23 Common Stock S 200 $4.90 Disposed 33289 Indirect
2008-06-23 Common Stock S 800 $4.99 Disposed 32489 Indirect
2008-06-23 Common Stock S 500 $4.83 Disposed 31989 Indirect
2008-06-23 Common Stock S 600 $4.76 Disposed 31389 Indirect
2008-06-24 Common Stock P 500 $4.87 Acquired 31889 Indirect
2008-06-24 Common Stock S 500 $4.87 Disposed 31389 Indirect
2008-06-25 Common Stock P 5700 $5.01 Acquired 37089 Indirect
2008-06-25 Common Stock P 100 $5.09 Acquired 37189 Indirect
2008-06-25 Common Stock S 400 $5.09 Disposed 36789 Indirect
2008-06-25 Common Stock S 300 $5.08 Disposed 36489 Indirect
2008-06-25 Common Stock S 5500 $5.01 Disposed 30989 Indirect
2008-06-25 Common Stock S 923 $5.09 Disposed 30066 Indirect
2008-06-26 Common Stock P 600 $4.87 Acquired 30666 Indirect
2008-06-26 Common Stock S 1000 $4.86 Disposed 29666 Indirect
2008-06-27 Common Stock P 500 $5.07 Acquired 30166 Indirect
2008-06-27 Common Stock S 500 $5.07 Disposed 29666 Indirect
2008-06-30 Common Stock P 1000 Acquired 30666 Indirect
2008-06-30 Common Stock S 1000 Disposed 29666 Indirect
2008-07-01 Common Stock P 1493 $4.82 Acquired 31159 Indirect
2008-07-03 Common Stock P 1700 $4.82 Acquired 32859 Indirect
2008-07-03 Common Stock S 300 $4.77 Disposed 32559 Indirect
2008-07-03 Common Stock S 1400 $4.83 Disposed 31159 Indirect
2008-07-09 Common Stock P 626 $4.90 Acquired 31785 Indirect
2008-07-09 Common Stock P 2200 $4.86 Acquired 33985 Indirect
2008-07-09 Common Stock S 300 $4.90 Disposed 33685 Indirect
2008-07-09 Common Stock S 2200 $4.86 Disposed 31485 Indirect
2008-07-09 Common Stock S 159 $4.90 Disposed 31326 Indirect
2008-07-10 Common Stock P 1250 $4.94 Acquired 32576 Indirect
2008-07-10 Common Stock S 1250 $4.94 Disposed 31326 Indirect

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2008-06-05 Warrants (Right to Buy) $5 S 5700 Disposed 2011-03-03 Common Stock (5700) Indirect
2008-06-06 Warrants (Right to Buy) $5 P 6500 Acquired 2011-03-03 Common Stock (6500) Indirect
2008-06-06 Warrants (Right to Buy) $5 P 1500 Acquired 2011-03-03 Common Stock (1500) Indirect
2008-06-06 Warrants (Right to Buy) $5 S 1500 Disposed 2011-03-03 Common Stock (1500) Indirect
2008-06-06 Warrants (Right to Buy) $5 S 6500 Disposed 2011-03-03 Common Stock (6500) Indirect
2008-06-09 Warrants (Right to Buy) $5 P 1000 Acquired 2011-03-03 Common Stock (1000) Indirect
2008-06-09 Warrants (Right to Buy) $5 S 1000 Disposed 2011-03-03 Common Stock (1000) Indirect
2008-06-10 Warrants (Right to Buy) $5 P 3500 Acquired 2011-03-03 Common Stock (3500) Indirect
2008-06-10 Warrants (Right to Buy) $5 S 2500 Disposed 2011-03-03 Common Stock (2500) Indirect
2008-06-10 Warrants (Right to Buy) $5 P 50 Acquired 2011-03-03 Common Stock (50) Indirect
2008-06-10 Warrants (Right to Buy) $5 S 50 Disposed 2011-03-03 Common Stock (50) Indirect
2008-06-10 Warrants (Right to Buy) $5 S 1000 Disposed 2011-03-03 Common Stock (1000) Indirect
2008-06-11 Warrants (Right to Buy) $5 P 5000 Acquired 2011-03-03 Common Stock (5000) Indirect
2008-06-11 Warrants (Right to Buy) $5 P 2000 Acquired 2011-03-03 Common Stock (2000) Indirect
2008-06-11 Warrants (Right to Buy) $5 S 1000 Disposed 2011-03-03 Common Stock (1000) Indirect
2008-06-11 Warrants (Right to Buy) $5 S 1000 Disposed 2011-03-03 Common Stock (1000) Indirect
2008-06-11 Warrants (Right to Buy) $5 S 419 Disposed 2011-03-03 Common Stock (419) Indirect
2008-06-11 Warrants (Right to Buy) $5 S 481 Disposed 2011-03-03 Common Stock (481) Indirect
2008-06-11 Warrants (Right to Buy) $5 S 4100 Disposed 2011-03-03 Common Stock (4100) Indirect
2008-06-11 Warrants (Right to Buy) $5 P 400 Acquired 2011-03-03 Common Stock (400) Indirect
2008-06-11 Warrants (Right to Buy) $5 S 400 Disposed 2011-03-03 Common Stock (400) Indirect
2008-06-12 Warrants (Right to Buy) $5 P 73322 Acquired 2011-03-03 Common Stock (73322) Indirect
2008-06-12 Warrants (Right to Buy) $5 P 3055 Acquired 2011-03-03 Common Stock (3055) Indirect
2008-06-12 Warrants (Right to Buy) $5 P 5145 Acquired 2011-03-03 Common Stock (5145) Indirect
2008-06-12 Warrants (Right to Buy) $5 P 2700 Acquired 2011-03-03 Common Stock (2700) Indirect
2008-06-12 Warrants (Right to Buy) $5 P 9000 Acquired 2011-03-03 Common Stock (9000) Indirect
2008-06-12 Warrants (Right to Buy) $5 S 12200 Disposed 2011-03-03 Common Stock (12200) Indirect
2008-06-12 Warrants (Right to Buy) $5 S 5000 Disposed 2011-03-03 Common Stock (5000) Indirect
2008-06-12 Warrants (Right to Buy) $5 S 100 Disposed 2011-03-03 Common Stock (100) Indirect
2008-06-12 Warrants (Right to Buy) $5 S 6400 Disposed 2011-03-03 Common Stock (6400) Indirect

Footnotes

F1: 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.

F2: THE REPORTED SECURITIES REFLECT A PURCHASE OF 1,000 UNITS FOR $6.54 PER UNIT AND A SALE OF 1,000 UNITS FOR $6.54 PER UNIT.

F3: 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.

F4: THE REPORTED SECURITIES REFLECT A PURCHASE OF 25 UNITS FOR $7.00 PER UNIT AND A SALE OF 25 UNITS FOR $7.00 PER UNIT.

F5: THE REPORTED SECURITIES REFLECT A PURCHASE OF 200 UNITS FOR $7.01 PER UNIT AND A SALE OF 200 UNITS FOR $7.01 PER UNIT.