SEC Form 4 · accession 0001209191-17-017385
VIRTUSA CORP · VRTU
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jitin Goyal
Officer — President, BFS
Period of report
Mar 1, 2017
Accepted (ET)
Mar 3, 2017 · 4:01 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 | Mar 1, 2017 | F | 9,140 | $31.75 | D | 104,342 | D | |
| Common StockF2 | Mar 1, 2017 | F | 4,196 | $31.75 | D | 100,146 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The reporting person was granted 77,778 shares of restricted stock units on 05/08/2016 under the 2015 Stock Option and Incentive Plan. The shares are subject to a four year vesting period with 25% of the shares vesting annually on each March 1, 2017, 2018, 2019 and 2020 respectively. The entire award will vest on 3/1/2020, based on continued service of the reporting person. On 3/1/17, the company withheld the number of shares listed above equal to the reporting person's tax liability thereon.
- F2The reporting person was granted 35,704 shares of restricted stock units on 08/11/2016 under the 2015 Stock Option and Incentive Plan. The shares are subject to a four year vesting period with 25% of the shares vesting annually on each March 1, 2017, 2018, 2019 and 2020 respectively. The entire award will vest on 3/1/2020, based on continued service of the reporting person. On 3/1/17, the company withheld the number of shares listed above equal to the reporting person's tax liability thereon.