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Filing Details

Accession Number:: 0001209191-18-035834
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2018-06-05 17:25:25
Reporting Period:: 2018-06-01

Accepted Time:: 2018-06-05 17:25:25
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
1449543	Ranjan Kalia	C/O Virtusa Corporation 132 Turnpike Road Southborough MA 01772	Evp & Chief Financial Officer	No	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	2018-06-01	1,511	$50.29	175,083	No	4	F	Direct
Common Stock	Disposition	2018-06-01	445	$50.29	174,638	No	4	F	Direct
Common Stock	Disposition	2018-06-01	1,833	$50.29	172,805	No	4	F	Direct
Common Stock	Disposition	2018-06-05	2,139	$51.91	170,666	No	4	S	Direct
Common Stock	Disposition	2018-06-05	2,647	$52.00	168,019	No	4	S	Direct

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

Footnotes

On August 8, 2014, the reporting person was granted 13,597 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 6/1/18, 25% vested and on 6/1/18, the company withheld the number of shares equal to the tax liability thereon.
The reporting person was granted 16,000 shares of restricted stock units on 11/14/2016 under the 2015 Stock Option and Incentive Plan. 6.25% of these shares will vest each quarter in 16 equal installments beginning on 12/1/16 and each 3 month anniversary thereafter with the final vesting date on 9/1/2020. On 6/1/18, 6.25% of the shares vested and on 6/1/18, the company withheld the number of shares listed above equal to the reporting person's tax liability thereon.
On August 10, 2017, the reporting person was granted 12,367 shares of restricted stock which vest at a rate of 25% each year over 4 years, with the first vesting date on June 1, 2018 with vesting to occur each anniversary date thereafter, under the Company's 2015 Stock Option and Incentive Plan ("2015 Plan"). On 6/1/18, 25% vested and on 6/1/18, the company withheld the number of shares equal to the tax liability thereon.
The sale of shares was executed in multiple trades at prices ranging from $51.90 to $51.935 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.