Filing Details
- Accession Number:
- 0001209191-14-036204
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2014-05-22 16:42:45
- Reporting Period:
- 2014-05-20
- Filing Date:
- 2014-05-22
- Accepted Time:
- 2014-05-22 16:42:45
- 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 |
|---|---|---|---|---|---|---|---|
| 1406394 | Keith Roger Modder | C/O Virtusa Corporation 2000 West Park Drive Westborough MA 01581 | Evp & 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 | Disposition | 2014-05-20 | 6,000 | $34.70 | 163,229 | No | 4 | S | Direct | |
| Common Stock | Acquisiton | 2014-05-21 | 21,125 | $0.00 | 184,354 | No | 4 | A | Direct | |
| Common Stock | Disposition | 2014-05-22 | 6,000 | $35.62 | 178,354 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | S | Direct | |
| No | 4 | A | Direct | |
| No | 4 | S | Direct |
Footnotes
- This transaction was executed in multiple trades at prices ranging from $34.50 to $34.91 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 performance based, deferred restricted stock awards under the Company's 2007 Stock Option and Incentive Plan on 8/6/2013, which awards vest only upon the Company's achievement of certain revenue targets for the fiscal year ended March 31, 2014 ("FY14"). To the extent that the shares conditionally vest per the performance targets for FY14, then 33% of such shares vest on 9/1/14 and the remaining 67% vest on 3/1/16. Based on the Company's revenue of $396.9 million for FY14, our Board on 5/21/14 approved the reporting person earned 115% of the shares granted or 21,125 shares, of which 33% vest on 9/1/14 and 67% vest on 3/1/16, based on continued service of the reporting person.
- This transaction was executed in multiple trades at prices ranging from $35.325 to $35.88 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
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