SEC Form 4 · accession 0001209191-16-141496
VIRTUSA CORP · VRTU
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert E Davoli
Director
Period of report
Sep 14, 2016
Accepted (ET)
Sep 15, 2016 · 11:44 am 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 | Sep 14, 2016 | M | 358 | $14.63 | A | 7,482 | D | |
| common stock | Sep 14, 2016 | M | 1,380 | $15.22 | A | 8,862 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-Qualified Stock OptionF1 | $14.63 | Sep 14, 2016 | M | 358 | D | — | Nov 16, 2021 | common stock | 358 | 0 | D |
| Non-Qualified Stock OptionF2 | $15.22 | Sep 14, 2016 | M | 1,380 | D | — | Nov 14, 2022 | common stock | 1,380 | 345 | D |
Explanation of responses
- F1The reporting person was granted an option to purchase these shares on 11/16/2011 under the under the Company's Director Compensation Policy. All options are vested.
- 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.