SEC Form 4 · accession 0001209191-19-018790
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
Mar 11, 2019
Accepted (ET)
Mar 12, 2019 · 4:13 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 | Mar 11, 2019 | M | 38,175 | $9.82 | A | 683,292 | D | |
| Common StockF2 | Mar 11, 2019 | S | 38,175 | $51.0709 | D | 645,117 | D | |
| Common StockF3,F4 | Mar 11, 2019 | S | 24,000 | $51.3885 | D | 621,117 | D | |
| Common Stock | holding | — | — | — | 156,261 | 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 | |
| Common Stock | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| NQ Stock Option (right to buy)F1 | $9.82 | Mar 11, 2019 | M | 38,175 | D | — | Aug 4, 2019 | common stock | 38,175 | 0 | D |
Explanation of responses
- F1The reporting person was granted an option exercisable for 38,175 shares on 08/04/2009. All shares have vested.
- F2This transaction was executed in multiple trades at prices ranging from $50.89 to $51.50 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.
- F3These shares were sold pursuant to a 10b5-1 Sales Plan Agreement dated as of March 15,2018 entered into by and between Kris Canekeratne and an investment bank.
- F4This transaction was executed in multiple trades at prices ranging from $51.25 to $51.60 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.