SEC Form 4 · accession 0001209191-16-152842
VIRTUSA CORP · VRTU
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ranjan Kalia
Officer — EVP & Chief Financial Officer
Period of report
Dec 1, 2016
Accepted (ET)
Dec 2, 2016 · 11:47 am 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 | Dec 1, 2016 | F | 3,463 | $22.68 | D | 103,035 | D | |
| common stockF2 | Dec 1, 2016 | F | 471 | $22.68 | D | 102,564 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The reporting person was granted 29,411 shares of restricted stock awards on 11/06/2012 under the Company's 2007 Stock Option and Incentive Plan with 25% of the shares vesting on 12/01/2013 and 25% vesting each one year anniversary thereafter with the final vesting date on 12/01/2016. On 12/1/2016, 25% vested and 3463 shares were withheld under terms of the restricted stock agreement to pay applicable taxes on the vesting of such shares.
- F2The reporting person was granted 16,000 shares of restricted stock units on 11/14/2016 under the 2015 Stock Option and Incentive Plan. 6.25% of these shares will vest each quarter in 16 equal installments beginning on 12/1/16 and each 3 month anniversary thereafter with the final vesting date on 9/1/2020. On 12/1/16, the company withheld the number of shares listed above equal to the reporting person's tax liability thereon.