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Filing Details

Accession Number:: 0001209191-16-125279
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2016-06-02 18:32:58
Reporting Period:: 2016-05-31

Filing Date:: 2016-06-02
Accepted Time:: 2016-06-02 18:32:58
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
1406397	A Kris Canekeratne	C/O Virtusa Corporation 2000 West Park Drive Westborough MA 01581	Chairman & Ceo	Yes	Yes	No	No

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock	Disposition	2016-05-31	6,000	$35.09	813,414	No	4	S	Direct
Common Stock	Disposition	2016-06-01	6,000	$35.04	807,414	No	4	S	Direct
Common Stock	Disposition	2016-06-01	9,420	$35.50	797,994	No	4	F	Direct
Common Stock	Disposition	2016-06-01	5,389	$35.50	792,605	No	4	F	Direct
Common Stock	Disposition	2016-06-01	4,710	$35.50	787,895	No	4	F	Direct
Common Stock	Disposition	2016-06-02	6,000	$34.93	781,895	No	4	S	Direct

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

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	296,261	Indirect	Held by Spouse
Common Stock	41,110	Indirect	Held by Kris Canekeratne Irreovocable Trust
Common Stock	41,110	Indirect	Held by Irrevocable Trust of spouse

Footnotes

These shares were sold pursuant to a 10b5-1 Sales Plan Agreement dated as of November 16, 2015 entered into by and between Kris Canekeratne and an investment bank.
This transaction was executed in multiple trades at prices ranging from $34.92 to $35.37 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.
This transaction was executed in multiple trades at prices ranging from $34.79 to $35.50 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.
On August 2, 2012, the reporting person was granted 80,000 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 Plan. On 6/1/16, 25% of the shares vested and on 6/1/16, the Company withheld the number of shares listed to pay applicable taxes on the vested shares under the terms of the 2007 Plan.
On August 6, 2013, the reporting person was granted 45,761 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 June 1, 2016, the Company withheld the number of shares equal to the reporting person's tax liability on such vesting shares.
On August 8, 2014, the reporting person was granted 39,993 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 6/1/16, 25% vested and on 6/1/16, the company withheld the number of shares equal to the tax liability thereon.
This transaction was executed in multiple trades at prices ranging from $34.80 to $35.13 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.