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
  1. 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.
  2. 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.
  3. 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.
  4. 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.
  5. 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.
  6. 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.