SEC Form 4 · accession 0001209191-15-068395
VIRTUSA CORP · VRTU
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert E Davoli
Director
Period of report
Aug 27, 2015
Accepted (ET)
Aug 28, 2015 · 12:46 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 stock | Aug 27, 2015 | M | 1,073 | $14.63 | A | 11,309 | D | |
| common stock | Aug 27, 2015 | M | 1,035 | $15.22 | A | 12,344 | D | |
| common stock | Aug 27, 2015 | M | 499 | $34.27 | A | 12,843 | 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 optionF1 | $14.63 | Aug 27, 2015 | M | 1,073 | D | — | Nov 16, 2021 | common stock | 1,073 | 358 | D |
| nonqualified stock optionF2 | $15.22 | Aug 27, 2015 | M | 1,035 | D | — | Nov 14, 2022 | common stock | 1,035 | 1,725 | D |
| nonqualified stock optionF3 | $34.27 | Aug 27, 2015 | M | 499 | D | — | Nov 20, 2023 | common stock | 499 | 1,500 | D |
Explanation of responses
- F1The reporting person was granted an option to purchase these shares on 11/16/2011 under the Company's Director Compensation Policy. 25% of these shares will vest on the one year anniversary of the date of grant, with 6.25% of the shares granted vesting in 12 equal quarterly installments over the next three years thereafter. The entire award will vest on 11/16/2015. The option vests 25% (i.e., 12 month acceleration) upon a change in control of the Company.
- F2The reporting person was granted an option to purchase these shares on 11/14/2012 under the Company's Director Compensation Policy. 25% of these shares will vest on the one year anniversary of the date of grant, with 6.25% of the shares granted vesting in 12 equal quarterly installments over the next three years thereafter. The entire award will vest on 11/14/2016. The option vests 25% (i.e., 12 month acceleration) upon a change in control of the Company.
- F3The reporting person was granted an option to purchase these shares on 11/20/2013 under the Company's Director Compensation Policy and 2007 Stock Option and Incentive Plan. 25% of these shares will vest on the one year anniversary of the date of grant, with 6.25% of the shares granted vesting in 12 equal quarterly installments over the next three years thereafter. The entire award will vest on 11/20/2017. The option vests 25% (i.e., 12 month acceleration) upon a change in control of the Company.