SEC Form 4/A · accession 0001209191-18-050502
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
Raj Rajgopal
Officer — President, DBS
Period of report
Sep 4, 2018
Accepted (ET)
Sep 11, 2018 · 4:52 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 | Sep 4, 2018 | F | 6,664 | $58.06 | D | 92,282 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On 8/10/2017, the reporting person was granted a performance-based restricted stock unit award under the Company's 2015 Stock Option and Incentive Plan, which awards vest only upon the Company's achievement of two weighted performance metrics: revenue (50%) and non-GAAP operating income targets (50%) for fiscal year ending 3/31/18 ("FY18"). Based on the Company's achievement of i) revenue of $1,020.67 million and ii) non-GAAP operating income of $87.08 million for FY18, 33% vested on 9/1/2018 and 67% will vest on 3/1/2020, based on continued service of the reporting person. The above shares represent the number of shares withheld equal to the reporting person's tax liability thereon.
Remarks
The purpose of this amendment is to correct the number of securities disposed of in column 4 in Table I and to correct the number of securities beneficially owned in column 5 in Table I. No other changes have been made to the original Form 4.