SEC Form 4 · accession 0001209191-15-080906
VIRTUSA CORP · VRTU
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert E Davoli
Director
Period of report
Nov 17, 2015
Accepted (ET)
Nov 18, 2015 · 3:57 pm EST
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 | Nov 17, 2015 | A | 2,016 | $49.58 | A | 8,880 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The reporting person was granted shares of restricted stock units on 11/17/2015 under the Company's Director Compensation Policy and 2015 Stock Option and Incentive Plan. 33.33% of these shares will vest on 9/1/16, with 33.33% of the shares granted vesting on each of 9/1/17 and 9/1/18. The entire award will vest on 9/1/2018. The award is subject to forward vesting by 12 months upon a change in control of the Company.