SEC Form 4 · accession 0001209191-15-049196
VIRTUSA CORP · VRTU
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kris A Canekeratne
Officer — Chairman & CEO · Director
Period of report
Jun 1, 2015
Accepted (ET)
Jun 2, 2015 · 7:31 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 | 6,589 | $45.86 | D | 899,214 | D | |
| common stockF2 | Jun 1, 2015 | F | 4,710 | $45.86 | D | 894,504 | D | |
| common stockF3 | Jun 1, 2015 | F | 9,420 | $45.86 | D | 885,084 | D | |
| common stockF4 | Jun 1, 2015 | F | 5,389 | $45.86 | D | 879,695 | D | |
| common stock | holding | — | — | — | 276,389 | I | Held by spouse | |
| Common Stock | holding | — | — | — | 60,982 | I | Held by Kris Canekeratne Irreovocable Trust | |
| Common Stock | holding | — | — | — | 60,982 | I | Held by Irrevocable Trust of spouse |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On May 16, 2011, the reporting person was granted 78,825 shares of restricted stock which vest at a rate of 25% each year over 4 years, with the first vesting date on June 1, 2012, under the Company's 2007 Plan. On 6/1/15, the Company withheld the number of shares equal to the tax liability on the shares that vested on such date.
- F2On August 2, 2012, the reporting person was granted 80,000 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 Plan. On 6/1/15, 25% of the shares vested and on 6/1/15, the Company withheld the number of shares listed to pay applicable taxes on the vested shares under the terms of the 2007 Plan.
- F3On August 6, 2013, the reporting person was granted 45,761 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 June 1, 2015, the Company withheld the number of shares equal to the reporting person's tax liability on such vesting shares.
- F4On August 8, 2014, the reporting person was granted 39,993 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.