Home > Insider Trading > Filing (0001209191-18-033466)

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
1406395	R Thomas Holler	C/O Virtusa Corporation 132 Turnpike Road Southborough MA 01772	Evp And Cso	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	2018-05-23	53,543	$0.00	100,946	No	4	A	Direct
Common Stock	Disposition	2018-05-24	7,500	$48.16	93,446	No	4	S	Direct

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

Footnotes

On 8/10/2017, the reporting person was granted a performance-based restricted stock unit award under the Company's 2015 Stock Option and Incentive Plan, which awards vest only upon the Company's achievement of two weighted performance metrics: revenue (50%) and non-GAAP operating income targets (50%) for fiscal year ending 3/31/18 ("FY18"). On 5/23/18, our board approved that the reporting person earned the above number of shares based on the Company's achievement of i) revenue of $1,020.67 million and ii) Non-GAAP operating income of $87.08 million for FY18. Of the shares that were earned, 33% will vest on 9/1/2018 and 67% will vest on 3/1/2020, based on continued service of the reporting person.
This transaction was executed in multiple trades at prices ranging from $48.10 to $48.30 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.