Filing Details

Accession Number:
0001209191-10-042077
Form Type:
4
Zero Holdings:
No
Publication Time:
2010-08-11 13:00:00
Reporting Period:
2010-08-10
Filing Date:
2010-08-11
Accepted Time:
2010-08-11 15:19:59
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 Coo 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 2010-08-10 2,996 $9.46 148,611 No 4 M Direct
Common Stock Disposition 2010-08-10 2,996 $9.46 145,615 No 4 S Direct
Common Stock Disposition 2010-08-10 50,270 $9.22 95,345 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 M Direct
No 4 S 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 Acquisiton 2010-08-10 2,996 $9.46 2,996 $4.19
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
0 2016-08-07 No 4 M Direct
Footnotes
  1. These shares were exercised and sold pursuant to a 10b5-1 Plan Agreement dated as of March 1, 2010 entered into by and between Mr. Holler and a brokerage company.
  2. Includes 11,250 shares of performance based restricted stock granted under the Company's 2007 Plan in October 2008, 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 maximum of 3,750 shares 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.
  3. The reporting person was granted a non-qualified stock option to purchase these shares on August 7, 2006 under the 2000 Plan. All shares have vested. The final vesting date was August 7, 2010.