SEC Form 4 · accession 0001209191-15-049186

VIRTUSA CORP · VRTU

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Raj Rajgopal

Officer — President

Period of report

Jun 1, 2015

Accepted (ET)

Jun 2, 2015 · 7:22 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
common stock^F2	Jun 1, 2015	M	1,686	$4.1942	A	125,060	D
common stock^F3	Jun 1, 2015	S	1,686	$45.3343	D	123,374	D
common stock^F4	Jun 1, 2015	M	1,489	$9.82	A	124,863	D
common stock^F3	Jun 1, 2015	S	1,489	$45.3343	D	123,374	D
common stock^F5	Jun 1, 2015	F	1,922	$45.86	D	121,452	D
common stock^F6	Jun 1, 2015	F	3,390	$45.86	D	118,062	D
Common Stock^F7	Jun 1, 2015	F	2,156	$45.86	D	115,906	D
common stock^F8	Jun 1, 2015	F	1,743	$45.86	D	114,163	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 option^F1,F2	$4.1942	Jun 1, 2015	M	1,686	D	—	Aug 7, 2016	common stock	1,686	0	D
nonqualified stock option^F1,F4	$9.82	Jun 1, 2015	M	1,489	D	—	Aug 4, 2019	common stock	1,489	36,685	D

Explanation of responses

F1These shares were sold pursuant to a 10b5-1 Plan Agreement dated as of September 5, 2014 entered into by and between Mr. Rajgopal and an investment bank
F2The reporting person was granted an option to purchase these shares on 08/07/2006. All shares are now vested.
F3This transaction was executed in multiple trades at prices ranging from $45.075 to $45.59 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.
F4The reporting person was granted an option to purchase these shares on 08/04/2009. All shares are now vested.
F5On May 16, 2011, the reporting person was granted 23,647 shares of time based restricted stock under the Company's 2007 Plan, which vest at a rate of 25% on June 1, 2012 and 25% on each of June 1, 2013, 2014 and 2015. On 6/1/15, the grantee had 25% vest and on 6/1/15, the company withheld the number of shares to satisfy tax obligations on vest of such shares.
F6On August 2, 2012, the reporting person was granted 30,000 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 Stock Option and Incentive Plan ("2007 Plan"). On 6/1/15, 25% vested and on 6/1/15, the company withheld the number of shares equal to the tax liability thereon.
F7On August 6, 2013, the reporting person was granted 18304 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 6/1/15, 25% vested and on 6/1/15, the company withheld the number of shares equal to the tax liability thereon.
F8On August 8, 2014, the reporting person was granted 14,797 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 6/1/15, 25% vested and on 6/1/15, the company withheld the number of shares equal to the tax liability thereon.