SEC Form 4 · accession 0001209191-15-042205
VIRTUSA CORP · VRTU
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ronald T Maheu
Director
Period of report
May 12, 2015
Accepted (ET)
May 13, 2015 · 3:36 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001207074
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| common stockF1,F2,F3 | May 12, 2015 | S | 3,659 | $43.23 | D | 7,500 | I | Held by Partnership |
| common stock | May 12, 2015 | M | 10,000 | $4.74 | A | 42,801 | D | |
| common stockF4,F5 | May 12, 2015 | S | 7,000 | $42.6579 | D | 35,801 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| nonqualified stock optionF4,F6 | $4.74 | May 12, 2015 | M | 10,000 | D | — | Oct 14, 2018 | common stock | 10,000 | 2,716 | D |
Explanation of responses
- F1These shares were sold pursuant to a 10b5-1 Trading Plan Agreement dated as of August 13, 2013 entered into by and between the partnership and an investment bank.
- F2The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.
- F3Represents shares owned by a partnership created for the benefit of the reporting person's children. The reporting person's spouse is the general partner of such partnership and has voting and investment control of the partnership.
- F4These shares were exercised and/or sold pursuant to a 10b5-1 Trading Plan Agreement dated as of 9/16/14 entered in to by and between the reporting person and a bank.
- F5The exercises of the options and sales of underlying stock were executed in multiple trades at prices ranging from $42.50 and $42.835 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.
- F6The reporting person was granted an option to purchase these shares of Common Stock on 10/14/2008. All shares in this grant have vested.