Filing Details

Accession Number:
0001209191-18-035834
Form Type:
4
Zero Holdings:
No
Publication Time:
2018-06-05 17:25:25
Reporting Period:
2018-06-01
Accepted Time:
2018-06-05 17:25:25
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
1449543 Ranjan Kalia C/O Virtusa Corporation
132 Turnpike Road
Southborough MA 01772
Evp & Chief Financial Officer 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 Disposition 2018-06-01 1,511 $50.29 175,083 No 4 F Direct
Common Stock Disposition 2018-06-01 445 $50.29 174,638 No 4 F Direct
Common Stock Disposition 2018-06-01 1,833 $50.29 172,805 No 4 F Direct
Common Stock Disposition 2018-06-05 2,139 $51.91 170,666 No 4 S Direct
Common Stock Disposition 2018-06-05 2,647 $52.00 168,019 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 F Direct
No 4 F Direct
No 4 F Direct
No 4 S Direct
No 4 S Direct
Footnotes
  1. On August 8, 2014, the reporting person was granted 13,597 shares of restricted stock which vest at a rate of 25% each year over 4 years, with the first vesting date on June 1, 2015 with vesting to occur each anniversary date thereafter, under the Company's 2007 Stock Option and Incentive Plan ("2007 Plan"). On 6/1/18, 25% vested and on 6/1/18, the company withheld the number of shares equal to the tax liability thereon.
  2. The reporting person was granted 16,000 shares of restricted stock units on 11/14/2016 under the 2015 Stock Option and Incentive Plan. 6.25% of these shares will vest each quarter in 16 equal installments beginning on 12/1/16 and each 3 month anniversary thereafter with the final vesting date on 9/1/2020. On 6/1/18, 6.25% of the shares vested and on 6/1/18, the company withheld the number of shares listed above equal to the reporting person's tax liability thereon.
  3. On August 10, 2017, the reporting person was granted 12,367 shares of restricted stock which vest at a rate of 25% each year over 4 years, with the first vesting date on June 1, 2018 with vesting to occur each anniversary date thereafter, under the Company's 2015 Stock Option and Incentive Plan ("2015 Plan"). On 6/1/18, 25% vested and on 6/1/18, the company withheld the number of shares equal to the tax liability thereon.
  4. The sale of shares was executed in multiple trades at prices ranging from $51.90 to $51.935 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.