SEC Form 4 · accession 0001209191-17-014400
VIRTUSA CORP · VRTU
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Joseph Doody
Director
Period of report
Feb 22, 2017
Accepted (ET)
Feb 24, 2017 · 4:55 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 | Feb 22, 2017 | A | 2,387 | $28.80 | A | 2,387 | D | |
| Common StockF2 | Feb 22, 2017 | A | 1,736 | $28.80 | A | 4,123 | D |
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 02/22/2017 under the Company's Amended and Restated Director Compensation Policy and 2015 Stock Option and Incentive Plan. 33.33% of these shares will vest on 9/1/2017, with 33.33% of the shares granted vesting on each of 9/1/2018 and 9/1/2019. 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 was granted shares of restricted stock units on 02/22/2017 under the Company's Amended and Restated Director Compensation Policy and 2015 Stock Option and Incentive Plan. 33.33% of these shares will vest on 3/1/2018, with 33.33% of the shares granted vesting on each of 3/1/2019 and 3/1/2020. The entire award will vest on 3/1/2020. The award is subject to forward vesting by 12 months upon a change in control of the Company.