Filing Details
- Accession Number:
- 0001209191-11-026547
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2011-05-06 11:40:11
- Reporting Period:
- 2011-05-04
- Filing Date:
- 2011-05-06
- Accepted Time:
- 2011-05-06 11:40:11
- 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 | Yes | 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 | Disposition | 2011-05-04 | 3,480 | $18.21 | 1,345,575 | No | 4 | S | Direct | |
Common Stock | Disposition | 2011-05-05 | 8,520 | $18.09 | 1,337,055 | No | 4 | S | Direct | |
Common Stock | Disposition | 2011-05-04 | 1,739 | $18.21 | 441,650 | No | 4 | S | Indirect | Held by Spouse |
Common Stock | Disposition | 2011-05-05 | 4,261 | $18.08 | 437,389 | No | 4 | S | Indirect | Held by Spouse |
Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
---|---|---|---|---|
No | 4 | S | Direct | |
No | 4 | S | Direct | |
No | 4 | S | Indirect | Held by Spouse |
No | 4 | S | Indirect | Held by Spouse |
Reported Non-Derivative Holdings
Sec. Name | Remaning Holdings | Nature of Ownership | Explanation |
---|---|---|---|
Common Stock | 60,982 | Indirect | Held by Kris Canekeratne Irreovocable Trust |
Common Stock | 60,982 | Indirect | Held by Irrevocable Trust of spouse |
Footnotes
- These shares were sold pursuant to a 10b5-1 Sales Plan Agreement dated as of March 1, 2011 entered into by and between Kris Canekeratne and an investment bank.
- Includes 37,500 shares of performance based restricted stock granted under the Company's 2007 Plan in October 2008 (the "October Plan"), which vest only upon the Company's achievement of certain revenue and operating income targets for each fiscal year over the next three fiscal years, commencing with the fiscal year ending March 31, 2011. The performance based restricted shares vest at a rate of 25% per performance period upon achievement of applicable revenue and operating income targets for such fiscal year, with each fiscal year being a performance period. The grantee retains voting rights with respect to the shares unless and to the extent that such shares do not vest and are forfeited.
- These shares were sold pursuant to a 10b5-1 Sales Plan Agreement dated as of March 1, 2011 entered into by and between Tushara Canekeratne and an investment bank.