SEC Form 4 · accession 0001209191-16-150737
VIRTUSA CORP · VRTU
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
TRUST MARTIN
Director
Period of report
Nov 15, 2016
Accepted (ET)
Nov 16, 2016 · 9:31 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 15, 2016 | A | 5,235 | $19.10 | A | 8,919 | D | |
| Common StockF2 | holding | — | — | — | 471,266 | I | 1997 Martin Trust Master Trust | |
| common stockF2 | holding | — | — | — | 51,875 | I | Martin Trust 2013 GRAT I | |
| common stockF2 | holding | — | — | — | 51,875 | I | Martin Trust 2013 GRAT for Grandchildren |
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 11/15/2016 under the Company's Director Compensation Policy and 2015 Stock Option and Incentive Plan. 33.33% of these shares will vest on 9/1/17, with 33.33% of the shares granted vesting on each of 9/1/18 and 9/1/19. The entire award will vest on 9/1/2019. The award is subject to forward vesting by 12 months upon a change in control of the Company
- F2The reporting person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or any other purpose.