Filing Details
- Accession Number:
- 0001209191-14-039002
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2014-06-04 16:37:24
- Reporting Period:
- 2014-06-02
- Filing Date:
- 2014-06-04
- Accepted Time:
- 2014-06-04 16:37:24
- 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 |
---|---|---|---|---|---|---|---|
1449544 | Raj Rajgopal | C/O 2000 West Park Drive Westborough MA 01581 | President | 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 | 2014-06-02 | 3,500 | $2.97 | 121,959 | No | 4 | M | Direct | |
Common Stock | Disposition | 2014-06-02 | 3,500 | $34.07 | 118,459 | No | 4 | S | Direct | |
Common Stock | Disposition | 2014-06-02 | 1,698 | $34.05 | 116,761 | No | 4 | F | Direct | |
Common Stock | Disposition | 2014-06-02 | 2,788 | $34.05 | 113,973 | No | 4 | F | Direct | |
Common Stock | Disposition | 2014-06-02 | 3,537 | $34.05 | 110,436 | No | 4 | F | Direct | |
Common Stock | Disposition | 2014-06-02 | 2,158 | $34.05 | 108,278 | No | 4 | F | Direct |
Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
---|---|---|---|---|
No | 4 | M | Direct | |
No | 4 | S | Direct | |
No | 4 | F | Direct | |
No | 4 | F | Direct | |
No | 4 | F | Direct | |
No | 4 | F | Direct |
Reported Derivative Transactions
Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
---|---|---|---|---|---|---|---|
Common Stock | nonqualified stock option | Disposition | 2014-06-02 | 3,500 | $2.97 | 3,500 | $2.97 |
Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
---|---|---|---|---|---|---|
2,769 | 2015-05-06 | No | 4 | M | Direct |
Footnotes
- These shares were exercised and sold pursuant to a 10b5-1 Plan Agreement dated as of August 16, 2013 entered into by and between Mr. Rajgopal and an investment bank.
- The reporting person was granted an option exercisable for 143,769 shares on May 6, 2005, subject to vesting over four years. All shares are currently vested.
- In May 17, 2010, the reporting person was granted 40,000 shares of restricted stock which vest at a rate of 25% each year, commencing on with the first vesting period on June 1, 2011, under the Company's 2007 Stock Option and Incentive Plan. On June 1, 2014, 25% vested and on 6/2/14, the Company withheld the number of shares equal to the reporting person's tax liability thereon.
- On May 16, 2011, the reporting person was granted 23,647 shares of time based restricted stock under the Company's 2007 Plan, which vest at a rate of 25% on June 1, 2012 and 25% on each of June 1, 2013, 2014 and 2015. On 6/1/14, the grantee had 25% vest and on 6/2/14, the company withheld the number of shares to satisfy tax obligations on vest of such shares.
- On August 2, 2012, the reporting person was granted 30,000 shares of restricted stock which vest at a rate of 25% each year over 4 years, with the first vesting date on June 1, 2013 with vesting to occur each anniversary date thereafter, under the Company's 2007 Stock Option and Incentive Plan ("2007 Plan"). On 6/1/14, 25% vested and on 6/2/14, the company withheld the number of shares equal to the tax liability thereon.
- On August 6, 2013, the reporting person was granted 18304 shares of restricted stock which vest at a rate of 25% each year over 4 years, with the first vesting date on June 1, 2014 with vesting to occur each anniversary date thereafter, under the Company's 2007 Stock Option and Incentive Plan ("2007 Plan"). On 6/1/14, 25% vested and on 6/2/14, the company withheld the number of shares equal to the tax liability thereon.