SEC Form 4 · accession 0001179110-19-000912
Virtu Financial, Inc. · VIRT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Stephen Cavoli
Officer — EVP
Period of report
Dec 31, 2018
Accepted (ET)
Jan 25, 2019 · 4:11 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 | Dec 31, 2018 | M | 1,874 | — | A | 52,058 | D | |
| Class A common stockF2 | Dec 31, 2018 | F | 876 | — | D | 51,182 | D | |
| Class A common stockF3 | Jan 23, 2019 | A | 4,804 | — | A | 55,986 | D | |
| Class A common stockF4 | Jan 23, 2019 | F | 1,646 | — | D | 54,340 | 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 | — | Dec 31, 2018 | M | 1,874 | D | — | — | Class A common stock | 1,874 | 25,318 | D |
| Restricted Stock UnitF5,F7 | — | Jan 23, 2019 | A | 12,010 | A | — | — | Class A common stock | 12,010 | 37,328 | 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 Management Incentive Plan.
- F2Shares of Class A common stock withheld by the Issuer in relation to the settlement of vested RSUs in accordance with the Issuer's Amended and Restated 2015 Management Incentive Plan.
- F3Shares of Class A common stock granted under the Issuer's Amended and Restated 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 26.6447.
- F4Shares of Class A common stock withheld by the Issuer in accordance with the Issuer's Amended and Restated 2015 Management Incentive Plan.
- F5Each RSU is granted under the Issuer's Amended and Restated 2015 Management Incentive Plan and represents a contingent right to receive one share of Class A common stock of the Issuer.
- F6The RSUs vested in three equal installments on December 31, 2016, December 31, 2017, and December 31, 2018.
- F7The RSUs vest in three equal installments on January 23, 2020, January 23, 2021, and January 23, 2022.