Filing Details

Accession Number:
0001209191-18-015471
Form Type:
4
Zero Holdings:
No
Publication Time:
2018-03-02 14:35:02
Reporting Period:
2018-03-01
Accepted Time:
2018-03-02 14:35:02
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
1449544 Raj Rajgopal C/O Virtusa Corporation
132 Turnpike Road
Southborough MA 01772
President, Dbs 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 Explanation
Common Stock Acquisiton 2018-03-01 1,360 $10.02 98,576 No 4 M Direct
Common Stock Disposition 2018-03-01 1,360 $47.54 97,216 No 4 S Direct
Common Stock Acquisiton 2018-03-01 2,665 $9.82 99,881 No 4 M Direct
Common Stock Disposition 2018-03-01 2,665 $47.54 97,216 No 4 S Direct
Common Stock Disposition 2018-03-01 9,755 $47.53 87,461 No 4 F 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
No 4 F Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock nonqualified stock option Disposition 2018-03-01 1,360 $10.02 1,360 $10.02
Common Stock nonqualified stock option Disposition 2018-03-01 2,665 $9.82 2,665 $9.82
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
1,360 2018-05-23 No 4 M Direct
2,665 2019-08-04 No 4 M Direct
Footnotes
  1. These shares were sold pursuant to a 10b5-1 Plan Agreement dated as of May 24, 2017 entered into by and between Mr. Rajgopal and an investment bank
  2. This transaction was executed in multiple trades at prices ranging from $47.00 to $48.10 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.
  3. This transaction was executed in multiple trades at prices ranging from $46.97 to $48.26 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.
  4. On 11/9/2015, the reporting person was granted performance-based restricted stock units under the Company's 2015 Stock Option and Incentive Plan, which awards vest only upon the Company's achievement of certain revenue targets for the fiscal year ended March 31, 2016 ("FY16"). Based on the Company's achievement of revenue of $600.3 million for FY16, 125.15% of the target shares were earned, of which 33% vested on 9/1/2016 and 67% vest on 3/1/2018, based on continued service of the reporting person. On 3/1/2018, the company withheld the number of shares listed above equal to the reporting person's tax liability thereon.
  5. The reporting person was granted an option to purchase these shares on 05/23/2008. All shares are now vested.
  6. The reporting person was granted an option to purchase these shares on 08/04/2009. All shares are now vested.