Filing Details
- Accession Number:
- 0001209191-13-032418
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2013-06-17 15:13:26
- Reporting Period:
- 2013-06-13
- Filing Date:
- 2013-06-17
- Accepted Time:
- 2013-06-17 15:13:26
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1207074 | Virtusa Corp | VRTU | Services-Computer Programming Services (7371) | 000000000 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1395240 | Izhar Armony | C/O Virtusa Corporation 2000 West Park Drive Westborough MA 01581 | Yes | No | No | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock | Acquisiton | 2013-06-13 | 15,409 | $4.74 | 15,409 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2013-06-13 | 15,409 | $22.64 | 0 | No | 4 | S | Direct | |
| Common Stock | Acquisiton | 2013-06-14 | 8,222 | $9.20 | 8,222 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2013-06-14 | 8,222 | $22.78 | 0 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Direct | |
| No | 4 | S | Direct | |
| No | 4 | M | Direct | |
| No | 4 | S | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | Non-qualified stock option | Disposition | 2013-06-13 | 15,409 | $4.74 | 15,409 | $4.74 |
| Common Stock | Non-qualified Stock Option | Disposition | 2013-06-14 | 8,222 | $9.20 | 8,222 | $9.20 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 0 | 2018-10-14 | No | 4 | M | Direct | |
| 1,175 | 2019-11-20 | No | 4 | M | Direct |
Footnotes
- The exercises of the options and sales of underlying stock were executed in multiple trades at prices ranging from $22.55 to $22.75 per share. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- The exercises of the options and sales of underlying stock were executed in multiple trades at prices ranging from $22.70 to $22.815 per share. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- The reporting person was granted an option to purchase these shares on 10/14/2008 under the Company's 2007 Stock Option and Incentive Plan. All options have vested.
- The reporting person was granted an option to purchase these shares on 11/20/2009 under the Company's Director Compensation Policy and the Company's 2007 Stock Option and Incentive Plan. 25% of these shares vest on the one year anniversary of the date of grant, with 6.25% of the shares granted vesting in 12 equal quarterly installments over the next three years thereafter. The entire award will vest on 11/20/2013. The option vests 25% (i.e., 12 month acceleration) upon a change in control of the Company.
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