Filing Details

Accession Number:
0001209191-10-033204
Form Type:
4
Zero Holdings:
No
Publication Time:
2010-06-09 13:00:00
Reporting Period:
2010-06-07
Filing Date:
2010-06-09
Accepted Time:
2010-06-09 11:22:06
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
1406397 A Kris Canekeratne C/O Virtusa Corporation
2000 West Park Drive
Westborough MA 01581
Chairman & Ceo Yes Yes Yes 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 2010-06-07 30,000 $8.95 613,389 No 4 S Indirect Held by Spouse
Common Stock Disposition 2010-06-08 5,000 $8.89 608,389 No 4 S Indirect Held by Spouse
Common Stock Disposition 2010-06-09 15,000 $8.92 593,389 No 4 S Indirect Held by Spouse
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Indirect Held by Spouse
No 4 S Indirect Held by Spouse
No 4 S Indirect Held by Spouse
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock 1,499,055 Direct
Common Stock 60,982 Indirect Held by Kris Canekeratne Irreovocable Trust
Common Stock 60,982 Indirect Held by Irrevocable Trust of spouse
Footnotes
  1. These shares were sold pursuant to a 10b5-1 Sales Plan Agreement dated as of February 10, 2010 entered into by and between Tushara Canekeratne and an investment bank.
  2. Includes 37,500 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 ending 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 the shares unless and to the extent that such shares do not vest and are forfeited.