Margaret B McLean Form 4 TELETECH / Margaret B McLean ownership change

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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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^*

McLean Margaret B

(Last) (First) (Middle)

9197 S. PEORIA STREET

(Street)

ENGLEWOOD CO 80112

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
TELETECH HOLDINGS INC [ TTEC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
SVP, GC & CRO

3. Date of Earliest Transaction (Month/Day/Year)
07/01/2016

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(1)	07/01/2016		M		1,612	A	$0	12,230	D
Common Stock(2)	07/01/2016		F		516	D	$27.06	11,714	D
Common Stock(3)	07/01/2016		M		2,492	A	$0	14,206	D
Common Stock(2)	07/01/2016		F		797	D	$27.06	13,409	D

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
Restricted Stock Units(1)	$0	07/01/2016		M			1,612	(1)	(1)	Common Stock	1,612	$0	3,225	D
Restricted Stock Units(3)	$0	07/01/2016		M			2,492	(3)	(3)	Common Stock	2,492	$0	7,478	D
Restricted Stock Units(4)	$0	07/01/2016		A		6,401		(4)	(4)	Common Stock	6,401	$0	6,401	D

Explanation of Responses:

1. Reflects vesting of Restricted Stock Units ("RSUs") on July 1, 2016. The Reporting Person initially received 6,449 time-based RSUs on July 1, 2014. The RSUs vest 25% per year beginning on July 1, 2015.

2. Reflects withholding of shares to satisfy tax obligations in connection with the vesting of RSUs. No shares were sold.

3. Reflects vesting of RSUs on July 1, 2016. The Reporting Person initially received 9,970 time-based RSUs on July 1, 2015. The RSUs vest 25% per year beginning on July 1, 2016.

4. The Reporting Person received 6,401 time-based RSUs on July 1, 2016. The RSUs vest 25% per year beginning on July 1, 2017 and on each anniversary thereafter.

	/s/ Margaret B. McLean	07/06/2016
	** 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).
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