SEC Form 4 · accession 0001209191-16-125279
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
May 31, 2016
Accepted (ET)
Jun 2, 2016 · 6:32 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 stockF2 | May 31, 2016 | S | 6,000 | $35.0898 | D | 813,414 | D | |
| common stockF3 | Jun 1, 2016 | S | 6,000 | $35.0408 | D | 807,414 | D | |
| common stockF4 | Jun 1, 2016 | F | 9,420 | $35.50 | D | 797,994 | D | |
| common stockF5 | Jun 1, 2016 | F | 5,389 | $35.50 | D | 792,605 | D | |
| common stockF6 | Jun 1, 2016 | F | 4,710 | $35.50 | D | 787,895 | D | |
| common stockF7 | Jun 2, 2016 | S | 6,000 | $34.9264 | D | 781,895 | D | |
| common stock | holding | — | — | — | 296,261 | I | Held by Spouse | |
| Common Stock | holding | — | — | — | 41,110 | I | Held by Kris Canekeratne Irreovocable Trust | |
| Common Stock | holding | — | — | — | 41,110 | I | Held by Irrevocable Trust of spouse |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1These shares were sold pursuant to a 10b5-1 Sales Plan Agreement dated as of November 16, 2015 entered into by and between Kris Canekeratne and an investment bank.
- F2This transaction was executed in multiple trades at prices ranging from $34.92 to $35.37 per share. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- F3This transaction was executed in multiple trades at prices ranging from $34.79 to $35.50 per share. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- F4On 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 6/1/16, 25% of the shares vested and on 6/1/16, the Company withheld the number of shares listed to pay applicable taxes on the vested shares under the terms of the 2007 Plan.
- F5On 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, 2016, the Company withheld the number of shares equal to the reporting person's tax liability on such vesting shares.
- F6On 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 6/1/16, 25% vested and on 6/1/16, the company withheld the number of shares equal to the tax liability thereon.
- F7This transaction was executed in multiple trades at prices ranging from $34.80 to $35.13 per share. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.