SEC Form 4 · accession 0001179110-17-000542
Virtu Financial, Inc. · VIRT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Venu Palaparthi
Officer — SVP, Comp Reg & Gov Affairs
Period of report
Jan 3, 2017
Accepted (ET)
Jan 5, 2017 · 5:40 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001592386
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A common stockF1 | Jan 3, 2017 | A | 4,582 | — | A | 8,614 | D | |
| Class A common stockF2 | Jan 3, 2017 | F | 1,937 | — | D | 6,677 | D | |
| Class A common stockF3 | Jan 3, 2017 | M | 1,612 | — | A | 8,289 | D | |
| Class A common stockF4 | Jan 3, 2017 | F | 682 | — | D | 7,607 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitF5,F6 | — | Jan 3, 2017 | M | 1,612 | A | — | — | Class A Common Stock | 1,612 | 3,225 | D |
| Restricted Stock UnitF5,F6 | — | Jan 3, 2017 | A | 6,873 | A | — | — | Class A Common Stock | 6,873 | 10,098 | D |
Explanation of responses
- F1Shares of Class A common stock granted under the Issuer's 2015 Management Incentive Plan based on the volume weighted average price of the Issuer's Class A common stock on the three trading days preceding the grant date of 16.0027.
- F2Shares of Class A common stock withheld by the Issuer in accordance with the Issuer's 2015 Management Incentive Plan based on the volume weighted average price of the Issuer's Class A common stock on the three trading days preceding the grant date of 16.0027.
- F3Shares of Class A common stock issued in settlement of vested restricted stock units ("RSUs") granted under the Issuer's 2015 Management Incentive Plan based on the closing price of the Issuer's Class A common stock on December 30, 2016 of 15.95.
- F4Shares of Class A common stock withheld by the Issuer in relation to the settlement of vested RSUs in accordance with the Issuer's 2015 Management Incentive Plan based on the closing price of the Issuer's Class A common stock on December 30, 2016 of 15.95.
- F5Each restricted stock unit ("RSU") is granted under the Issuer's 2015 Management Incentive Plan and represents a contingent right to receive one share of Class A common stock of the Issuer.
- F6The RSUs vest in three equal installments on the December 31, 2017, December 31, 2018 and December 31, 2019.