SEC Form 4 · accession 0001209191-18-035205
VIRTUSA CORP · VRTU
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Sundararajan Narayanan
Officer — EVP, CPO and Global Head of HR
Period of report
Jun 1, 2018
Accepted (ET)
Jun 4, 2018 · 4:55 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 stockF1 | Jun 1, 2018 | F | 235 | $50.29 | D | 82,356 | D | |
| common stockF2 | Jun 1, 2018 | F | 387 | $50.29 | D | 81,969 | D | |
| common stockF3 | Jun 1, 2018 | F | 883 | $50.29 | D | 81,086 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On August 8, 2014, the reporting person was granted 3,181 shares of restricted stock which vest at a rate of 25% each year over 4 years, with the first vesting date on June 1, 2015 with vesting to occur each anniversary date thereafter, under the Company's 2007 Stock Option and Incentive Plan ("2007 Plan"). On 6/1/18, 25% vested and on 6/1/18, the company withheld the number of shares equal to the tax liability thereon.
- F2On 07/31/2015, the reporting person was granted 5,256 shares of restricted stock awards under the Company's 2007 Stock Option and Incentive Plan ("2007 Plan") with 25% of the shares vesting on 06/01/2016 and 25% vesting each one year anniversary thereafter. On 6/1/2018, 25% of the shares vested, and on 6/1/18 the company withheld the number of shares equal to the tax liability thereon.
- F3On August 10, 2017, the reporting person was granted 8,994 shares of restricted stock which vest at a rate of 25% each year over 4 years, with the first vesting date on June 1, 2018 with vesting to occur each anniversary date thereafter, under the Company's 2015 Stock Option and Incentive Plan ("2015 Plan"). On 6/1/18, 25% vested and on 6/1/18, the company withheld the number of shares equal to the tax liability thereon.