Home > Insider Trading > Filing (0001209191-14-036215)

Filing Details

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 2000 West Park Drive Westborough MA 01581	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
Common Stock	Acquisiton	2014-05-21	4,000	$9.82	103,055	No	4	M	Direct
Common Stock	Disposition	2014-05-21	4,000	$35.73	99,055	No	4	S	Direct
Common Stock	Acquisiton	2014-05-21	15,844	$0.00	114,899	No	4	A	Direct

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

Reported Derivative Transactions

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	non-qualified stock option	Disposition	2014-05-21	4,000	$9.82	4,000	$9.82

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
17,444		2019-08-04	No	4	M	Direct

Footnotes

The reporting person was granted an option to purchase 53,444 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 vested on 04/01/2013 and will expire on 08/04/2019.
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, on 5/21/14, our Board approved the reporting person earned 115% of the shares granted or 15,844 shares, of which 33% vest on 9/1/14 and 67% vest on 3/1/16, based on continued service of the reporting person.