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Filing Details

Accession Number:: 0001209191-13-001406
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2013-01-03 17:40:57
Reporting Period:: 2013-01-02

Filing Date:: 2013-01-03
Accepted Time:: 2013-01-03 17:40:57
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
1406395	R Thomas Holler	C/O Virtusa Corporation 2000 West Park Drive Westborough MA 01581	Evp And Cso	No	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock	Acquisiton	2013-01-02	15,000	$10.02	110,199	No	4	M	Direct
Common Stock	Disposition	2013-01-02	15,000	$16.50	95,199	No	4	S	Direct
Common Stock	Acquisiton	2013-01-02	11,630	$9.82	106,829	No	4	M	Direct
Common Stock	Disposition	2013-01-02	11,630	$16.50	95,199	No	4	S	Direct
Common Stock	Disposition	2013-01-02	28,203	$16.50	66,996	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	M	Direct
No	4	S	Direct
No	4	M	Direct
No	4	S	Direct
No	4	S	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Non-qualified Stock Option	Disposition	2013-01-02	15,000	$10.02	15,000	$10.02
Common Stock	Non-qualified Stock Option	Disposition	2013-01-02	11,630	$9.82	11,630	$9.82

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0		2018-05-23	No	4	M	Direct
2,685		2019-08-04	No	4	M	Direct

Footnotes

These shares were sold pursuant to a 10b5-1 Plan Agreement dated as of February 21, 2012, as amended on September 7, 2012, entered into by and between Mr. Holler and an investment bank.
Includes 3,750 shares of performance based restricted stock granted under the Company's 2007 Stock Option and Incentive Plan ("2007 Plan") granted in November 2008, which vest only upon the Company's achievement of certain revenue and operating income targets for the fiscal year ending March 31, 2013. Includes 5,000 shares of performance based restricted stock granted under the Company's 2007 Plan on August 2, 2012, which vest only upon the Company's achievement of certain revenue targets for the fiscal year ending March 31, 2013. The grantee retains voting rights with respect to restricted 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 $16.50 to $16.52 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 80,000 shares of common stock of the Company under the Company's 2007 Stock Option and Incentive Plan on May 23, 2008 with a vesting commencement date of January 1, 2008. 6.25% of the shares in this grant vested on April 1, 2008 with 6.25% of the shares vesting each 3 month period thereafter in 15 equal installments. All shares are vested.
The reporting person was granted an option to purchase 14,315 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.