Form 4 - Statement of changes in beneficial ownership of securities

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	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
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* Schafer Jerry (Last) (First) (Middle) C/O STARTEK, INC. 4610 SOUTH ULSTER STREET, SUITE 150 (Street) DENVER CO 80237 (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 Officer (give title below) Other (specify below)
	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

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	$8.02	01/05/2024		D			4,333	04/01/2019	04/01/2029	Common Stock	4,333	(1)	0	D
Stock Options	$8.39	01/05/2024		D			4,387	07/01/2019	07/01/2029	Common Stock	4,387	(1)	0	D
Stock Options	$6.39	01/05/2024		D			5,925	10/01/2019	10/01/2029	Common Stock	5,925	(1)	0	D
Stock Options	$8.14	01/05/2024		D			4,642	01/02/2020	01/02/2030	Common Stock	4,642	(1)	0	D
Stock Options	$3.31	01/05/2024		D			11,138	04/01/2020	04/01/2030	Common Stock	11,138	(1)	0	D
Stock Options	$5.06	01/05/2024		D			7,107	07/01/2020	07/01/2030	Common Stock	7,107	(1)	0	D
Stock Options	$5.23	01/05/2024		D			6,871	10/01/2020	10/01/2030	Common Stock	6,871	(1)	0	D
Stock Options	$7.83	01/05/2024		D			4,561	01/04/2021	01/04/2031	Common Stock	4,561	(1)	0	D
Stock Options	$7.84	01/05/2024		D			4,437	04/01/2021	04/01/2031	Common Stock	4,437	(1)	0	D
Stock Options	$7.12	01/05/2024		D			4,889	07/01/2021	07/01/2031	Common Stock	4,889	(1)	0	D
Stock Options	$6.25	01/05/2024		D			5,575	10/01/2021	10/01/2031	Common Stock	5,575	(1)	0	D
Stock Options	$5.26	01/05/2024		D			6,586	01/03/2022	01/03/2032	Common Stock	6,586	(1)	0	D
Stock Options	$4.52	01/05/2024		D			7,572	04/01/2022	04/01/2032	Common Stock	7,572	(1)	0	D
Stock Options	$2.81	01/05/2024		D			12,045	07/01/2022	07/01/2032	Common Stock	12,045	(1)	0	D
Stock Options	$3.25	01/05/2024		D			10,129	10/03/2022	10/03/2032	Common Stock	10,129	(1)	0	D
Stock Options	$3.85	01/05/2024		D			8,531	01/03/2023	01/03/2033	Common Stock	8,531	(1)	0	D
Stock Options	$3.76	01/05/2024		D			8,805	04/03/2023	04/03/2033	Common Stock	8,805	(1)	0	D
Stock Options	$2.93	01/05/2024		D			11,199	07/03/2023	07/03/2033	Common Stock	11,199	(1)	0	D
Stock Options	$3.25	01/05/2024		D			9,850	10/02/2023	10/02/2033	Common Stock	9,850	(1)	0	D

Explanation of Responses:

1. Stock options of the Issuer were canceled 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, at the effective time of the merger, in exchange for an amount in cash equal to the excess, if any, of $4.30 per share of common stock of the Issuer (the "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 canceled 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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