SEC Form 4/A · accession 0001209191-18-035922

VIRTUSA CORP · VRTU

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

This is an amendment (Form 4/A). It replaces an earlier filing for the same period.

Reporting owner

Ranjan Kalia

Officer — EVP & Chief Financial Officer

Period of report

Jun 1, 2018

Accepted (ET)

Jun 5, 2018 · 6:45 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
common stock^F1	Jun 1, 2018	F	1,511	$50.29	D	175,083	D
common stock^F2	Jun 1, 2018	F	445	$50.29	D	174,638	D
common stock^F3	Jun 1, 2018	F	1,833	$50.29	D	172,805	D
common stock	Jun 5, 2018	M	2,139	$9.82	A	174,944	D
common stock^F5	Jun 5, 2018	S	2,139	$51.9098	D	172,805	D
common stock	Jun 5, 2018	S	2,647	$52.00	D	170,158	D

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^F4	$9.82	Jun 5, 2018	M	2,139	D	—	Aug 4, 2019	common stock	2,139	0	D

Explanation of responses

F1On August 8, 2014, the reporting person was granted 13,597 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.
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 6/1/18, 6.25% of the shares vested and on 6/1/18 the company withheld the number of shares listed above equal to the reporting person's tax liability thereon.
F3On August 10, 2017, the reporting person was granted 12,367 shares of restricted stock which vest at a rate of 33.333% each year over 3 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, the company withheld the number of shares equal to the tax liability thereon.
F4The reporting person was granted an option to purchase these shares on 08/04/2009. All shares are now vested.
F5The sale of shares was executed in multiple trades at prices ranging from $51.90 to $51.935 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.

Remarks

The purpose of this amendment is to include the stock option exercise of 2,139 shares exercised on June 5, 2018 in Table I and Table II which was inadvertently omitted from the original filing on June 5, 2018.