SEC Form 4 · accession 0001209191-16-121687
VIRTUSA CORP · VRTU
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jitin Goyal
Officer — President, BFS
Period of report
May 18, 2016
Accepted (ET)
May 19, 2016 · 4:29 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 | May 18, 2016 | A | 77,778 | $33.34 | A | 77,778 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The reporting person was granted shares of time-based restricted stock units on May 18, 2016 under the Company's 2015 Stock Option and Incentive Plan. The issuance price of the shares was determined based on the Company's equity award policy. The shares are subject to a four year vesting period with 25% of the shares vesting annually on each March 1, 2017, 2018, 2019 and 2020 respectively.The entire award will vest on 3/1/2020.