SEC Form 4 · accession 0001209191-16-112379
VIRTUSA CORP · VRTU
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Barry R Nearhos
Director
Period of report
Mar 31, 2016
Accepted (ET)
Apr 4, 2016 · 5:07 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 | Mar 31, 2016 | A | 1,334 | $37.46 | A | 1,334 | D | |
| Common StockF2 | Mar 31, 2016 | A | 1,557 | $37.46 | A | 2,891 | 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 03/31/2016 under the Company's Amended and Restated Director Compensation Policy and 2015 Stock Option and Incentive Plan. 33.33% of these shares will vest on 6/1/16, with 33.33% of the shares granted vesting on each of 6/1/17 and 6/1/18. The entire award will vest on 6/1/2018. The award is subject to forward vesting by 12 months upon a change in control of the Company.
- F2The reporting person was granted shares of restricted stock units on 03/31/2016 under the Company's Amended and Restated 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.