Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
Troka John R JR
   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)
Interim CFO
(Last)
(First)
(Middle)
C/O TELETECH HOLDINGS, INC., 9197 S. PEORIA STREET		 3. Date of Earliest Transaction (Month/Day/Year)
11/12/2009
(Street)

ENGLEWOOD, CO 80112		 4. If Amendment, Date 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
(City)
(State)
(Zip)
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) 11/12/2009   M   18,750 A $ 0 29,328 (2) D  
Common Stock (3) 11/12/2009   F   8,453 D $ 19.49 20,875 D  
Common Stock 11/12/2009   M   19,000 A $ 13.1 39,875 D  
Common Stock 11/12/2009   S   19,000 D $ 19.7654 (4) 20,875 D  
Common Stock 11/13/2009   M   16,000 A $ 13.1 36,875 D  
Common Stock 11/13/2009   M   7,500 A $ 11.63 44,375 D  
Common Stock 11/13/2009   M   7,500 A $ 12.75 51,875 D  
Common Stock 11/13/2009   S   31,000 D $ 19.62 (5) 20,875 D  

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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 Underlying Securities
(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 of Derivative Security: 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 11/12/2009   M     18,750   (1)   (1) Common Stock 18,750 $ 0 56,250 D  
Employee Stock Option (right to buy) $ 13.1 11/12/2009   M     19,000   (6) 01/14/2012 Common Stock 19,000 $ 0 16,000 D  
Employee Stock Option (right to buy) $ 13.1 11/13/2009   M     16,000   (6) 01/14/2012 Common Stock 16,000 $ 0 0 D  
Employee Stock Option (right to buy) $ 11.63 11/13/2009   M     7,500   (7) 02/28/2012 Common Stock 7,500 $ 0 0 D  
Employee Stock Option (right to buy) $ 12.75 11/13/2009   M     7,500   (8) 02/15/2016 Common Stock 7,500 $ 0 2,500 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Troka John R JR
C/O TELETECH HOLDINGS, INC.
9197 S. PEORIA STREET
ENGLEWOOD, CO 80112		       Interim CFO  

Signatures

 /s/ William H. Brierly as attorney-in-fact for John R. Troka, Jr.   11/16/2009
**Signature of Reporting Person Date

Explanation of Responses:

* 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).
(1) Reflects vesting of Restricted Stock Units "RSUs" on November 12, 2009. The Reporting Person initially received 75,000 time-based RSUs on November 12, 2008. The RSUs vest in four equal annual installments of 18,750 per year beginning on November 12, 2009.
(2) Reflects correction in previously reported amount on Form 4 filed March 2, 2009. After the transactions reported on such Form 4, the Reporting Person held 10,578 shares of common stock rather than 10,587 shares as set forth on such Form 4.
(3) Reflects withholding of shares to satisfy tax obligations in connection with the vesting of RSUs.
(4) Represents the weighted average price of multiple transactions with a range of prices between $19.50 and $20.09. The Reporting Person, upon request by the staff of the Securities and Exchange Commission, the Issuer or a security holder of the Issuer, undertakes to provide further information regarding the number of securities purchased at each separate price.
(5) Represents the weighted average price of multiple transactions with a range of prices between $19.19 and $19.93. The Reporting Person, upon request by the staff of the Securities and Exchange Commission, the Issuer or a security holder of the Issuer, undertakes to provide further information regarding the number of securities purchased at each separate price.
(6) The option vested in four equal annual installments on January 14, 2003, 2004, 2005 and 2006.
(7) The option vested in four equal annual installments on February 28, 2003, 2004, 2005 and 2006.
(8) The option vests in four equal annual installments on February 15, 2007, 2008, 2009 and 2010.
 
Remarks:
Exhibit List:  Exhibit 24 - Power of Attorney

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