SEC Form 4 · accession 0001209191-17-038855
VIRTUSA CORP · VRTU
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kris A Canekeratne
Officer — Chairman & CEO · Director
Period of report
Jun 7, 2017
Accepted (ET)
Jun 9, 2017 · 4:06 pm 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 | Jun 7, 2017 | M | 14,000 | $14.00 | A | 780,315 | D | |
| common stockF2 | Jun 7, 2017 | S | 14,000 | $28.7182 | D | 766,315 | D | |
| common stock | Jun 8, 2017 | M | 30,000 | $14.00 | A | 796,315 | D | |
| common stockF3 | Jun 8, 2017 | S | 30,000 | $28.79 | D | 766,315 | D | |
| common stockF4 | Jun 8, 2017 | G | 172,395 | — | D | 593,920 | D | |
| common stock | Jun 9, 2017 | M | 30,000 | $14.00 | A | 623,920 | D | |
| common stockF5 | Jun 9, 2017 | S | 30,000 | $28.7559 | D | 593,920 | D | |
| common stock | holding | — | — | — | 296,261 | I | Held by Spouse | |
| Common Stock | holding | — | — | — | 41,110 | I | Held by Kris Canekeratne Irreovocable Trust | |
| Common Stock | holding | — | — | — | 41,110 | I | Held by Irrevocable Trust of spouse | |
| comm | holding | — | — | — | 14,692 | I | Held by Kavan A. Canekeratne IDI Trust | |
| common stock | holding | — | — | — | 14,692 | I | Held by Shane A. Canekeratne IDI Trust |
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 Option (right to buy)F1 | $14.00 | Jun 7, 2017 | M | 14,000 | D | — | Aug 2, 2017 | common | 14,000 | 86,000 | D |
| Non-qualified Stock Option (right to buy)F1 | $14.00 | Jun 8, 2017 | M | 30,000 | D | — | Aug 2, 2017 | common | 30,000 | 56,000 | D |
| Non-qualified Stock Option (right to buy)F1 | $14.00 | Jun 9, 2017 | M | 30,000 | D | — | Aug 2, 2017 | common | 30,000 | 26,000 | D |
Explanation of responses
- F1The reporting person was granted an option exercisable for 100,000 shares on 08/02/2007. All shares have vested.
- F2This transaction was executed in multiple trades at prices ranging from $28.44 to $28.91 per share. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- F3This transaction was executed in multiple trades at prices ranging from $28.42 to $29.15 per share. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- F4On June 8, 2017, the reporting person gifted without the receipt of consideration 172,395 shares of Virtusa common stock to the reporting person's mother, Shireen Elizabeth Canekerante, and the reporting person disclaims all pecuniary interest therein and beneficial ownership of such shares.
- F5This transaction was executed in multiple trades at prices ranging from $28.00 to $29.42 per share. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.