Home > Insider Trading > Filing (0001209191-11-008137)

Filing Details

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
1406394	Keith Roger Modder	C/O Virtusa Corporation 2000 West Park Drive Westborough MA 01581	Pres., Asia, Evp Global Serv.	No	Yes	No	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock	Disposition	2011-02-07	10,000	$17.45	145,939	No	4	S	Direct
Common Stock	Acquisiton	2011-02-08	45,323	$5.48	191,262	No	4	M	Direct
Common Stock	Disposition	2011-02-08	22,500	$17.32	168,762	No	4	S	Direct
Common Stock	Acquisiton	2011-02-08	13,778	$9.82	182,540	No	4	M	Direct
Common Stock	Disposition	2011-02-09	20,000	$17.34	162,540	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	S	Direct
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	2011-02-08	45,323	$5.48	45,323	$5.48
Common Stock	non-qualified stock option	Disposition	2011-02-08	13,778	$9.82	13,778	$9.82

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0		2014-04-28	No	4	M	Direct
17,716		2019-08-04	No	4	M	Direct

Footnotes

Includes 26,250 shares of performance based restricted stock granted under the Company's 2007 Plan in October 2008 (the "October Plan"), which vest only upon the Company's achievement of certain revenue and operating income targets for each fiscal year over the next three fiscal years, commencing with the fiscal year ended March 31, 2011. The performance based restricted shares vest at a rate of 25% per performance period upon achievement of applicable revenue and operating income targets for such fiscal year, with each fiscal year being a performance period. The grantee retains voting rights with respect to such shares unless and to the extent that such shares do not vest and are forfeited.
This transaction was executed in multiple trades at prices ranging from $17.22 to $17.55 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 exercisable for 58,146 shares on 04/28/2004. All shares have vested.
The reporting person was granted an option to purchase 31494 shares on 08/04/2009. 6.25% of these shares will vest each three month anniversary of April 1, 2009 in 16 equal installments. The entire award will vest on 04/01/2013 and will expire on 08/04/2019.