SEC Form 4 · accession 0001209191-15-049189
VIRTUSA CORP · VRTU
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Roger Keith Modder
Officer — EVP & COO
Period of report
Jun 1, 2015
Accepted (ET)
Jun 2, 2015 · 7:25 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 | Jun 1, 2015 | F | 946 | $45.86 | D | 192,831 | D | |
| common stockF2 | Jun 1, 2015 | F | 1,000 | $45.86 | D | 191,831 | D | |
| common stockF3 | Jun 1, 2015 | F | 733 | $45.86 | D | 191,098 | D | |
| common stockF4 | Jun 1, 2015 | F | 544 | $45.86 | D | 190,554 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The reporting person was granted 23,647 shares of time based restricted stock on May 16, 2011 under the Company's 2007 Stock Option and Incentive Plan, of which, 25% of the shares granted would vest on June 1, 2012, and 25% on each of June 1, 2013, 2014 and 2015. On 6/1/15, 25% vested and on 6/1/15, the company withheld the number of shares equal to the reporting person's tax liability thereon.
- F2On August 2, 2012, the reporting person was granted 25,000 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 reporting person's tax liability thereon.
- F3On 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 reporting person's tax liability thereon.
- F4On 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 6/1/15, 25% vested and on 6/1/15, the company withheld the number of shares equal to the tax liability thereon.