SEC Form 4 · accession 0001179110-18-011038
Virtu Financial, Inc. · VIRT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Stephen Cavoli
Officer — EVP
Period of report
Aug 24, 2018
Accepted (ET)
Aug 31, 2018 · 4:33 pm EDT
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 | Aug 24, 2018 | M | 23,441 | — | A | 58,147 | D | |
| Class A Common StockF2 | Aug 24, 2018 | F | 7,963 | — | D | 50,184 | 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 UnitF3,F4 | — | Aug 24, 2018 | M | 23,441 | D | — | — | Class A common stock | 23,441 | 23,442 | D |
| Restricted Stock UnitF3,F5 | — | holding | — | — | — | — | — | Class A common stock | 3,750 | 3,750 | D |
Explanation of responses
- F1Shares of Class A common stock issued in settlement of vested restricted stock units ("RSUs") granted under the Issuer's Amended and Restated 2015 Incentive Plan based on the closing price of the Issuer's Class A common stock on August 23, 2018.
- F2Shares of Class A common stock withheld by the Issuer in relation to the settlement of vested RSUs in accordance with the Issuer's 2015 Amended and Restated Incentive Plan based on the closing price of the Issuer's Class A common stock on August 23, 2018.
- F3Each RSU is granted under the Issuer's 2015 Amended and Restated Management Incentive Plan and represents a contingent right to receive one share of Class A common stock of the Issuer.
- F4The RSUs vest in two equal installments on August 24, 2018 and August 24, 2019.
- F5The RSUs vest in two equal installments on December 31, 2018 and December 31, 2019.