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Filing Details

Accession Number:: 0001209191-15-049186
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2015-06-02 19:22:42
Reporting Period:: 2015-06-01

Filing Date:: 2015-06-02
Accepted Time:: 2015-06-02 19:22:42
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

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock	Acquisiton	2015-06-01	1,686	$4.19	125,060	No	4	M	Direct
Common Stock	Disposition	2015-06-01	1,686	$45.33	123,374	No	4	S	Direct
Common Stock	Acquisiton	2015-06-01	1,489	$9.82	124,863	No	4	M	Direct
Common Stock	Disposition	2015-06-01	1,489	$45.33	123,374	No	4	S	Direct
Common Stock	Disposition	2015-06-01	1,922	$45.86	121,452	No	4	F	Direct
Common Stock	Disposition	2015-06-01	3,390	$45.86	118,062	No	4	F	Direct
Common Stock	Disposition	2015-06-01	2,156	$45.86	115,906	No	4	F	Direct
Common Stock	Disposition	2015-06-01	1,743	$45.86	114,163	No	4	F	Direct

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

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	nonqualified stock option	Disposition	2015-06-01	1,686	$4.19	1,686	$4.19
Common Stock	nonqualified stock option	Disposition	2015-06-01	1,489	$9.82	1,489	$9.82

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
36,685		2019-08-04	No	4	M	Direct

Footnotes

These shares were sold pursuant to a 10b5-1 Plan Agreement dated as of September 5, 2014 entered into by and between Mr. Rajgopal and an investment bank
The reporting person was granted an option to purchase these shares on 08/07/2006. All shares are now vested.
This transaction was executed in multiple trades at prices ranging from $45.075to $45.59 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 an option to purchase these shares on 08/04/2009. All shares are now vested.
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 6/1/15, the grantee had 25% vest and on 6/1/15, 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 6/1/15, 25% vested and on 6/1/15, 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 6/1/15, 25% vested and on 6/1/15, the company withheld the number of shares equal to the tax liability thereon.
On August 8, 2014, the reporting person was granted 14,797 shares of restricted stock which vest at a rate of 25% each year over 4 years, with the first vesting date on June 1, 2015 with vesting to occur each anniversary date thereafter, under the Company's 2007 Stock Option and Incentive Plan ("2007 Plan"). On 6/1/15, 25% vested and on 6/1/15, the company withheld the number of shares equal to the tax liability thereon.