4//SEC Filing
VIRTUSA CORP 4
Accession 0001209191-13-032418
CIK 0001207074operating
Filed
Jun 16, 8:00 PM ET
Accepted
Jun 17, 3:13 PM ET
Size
18.2 KB
Accession
0001209191-13-032418
Insider Transaction Report
Form 4
VIRTUSA CORPVRTU
Armony Izhar
Director
Transactions
- Sale
common stock
2013-06-14$22.78/sh−8,222$187,267→ 0 total - Exercise/Conversion
common stock
2013-06-14$9.20/sh+8,222$75,642→ 8,222 total - Exercise/Conversion
Non-qualified stock option
2013-06-13$4.74/sh−15,409$73,039→ 0 totalExercise: $4.74Exp: 2018-10-14→ common stock (15,409 underlying) - Exercise/Conversion
Non-qualified Stock Option
2013-06-14$9.20/sh−8,222$75,642→ 1,175 totalExercise: $9.20Exp: 2019-11-20→ common stock (8,222 underlying) - Exercise/Conversion
common stock
2013-06-13$4.74/sh+15,409$73,039→ 15,409 total - Sale
common stock
2013-06-13$22.64/sh−15,409$348,797→ 0 total
Footnotes (4)
- [F1]The exercises of the options and sales of underlying stock were executed in multiple trades at prices ranging from $22.55 to $22.75 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.
- [F2]The exercises of the options and sales of underlying stock were executed in multiple trades at prices ranging from $22.70 to $22.815 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.
- [F3]The reporting person was granted an option to purchase these shares on 10/14/2008 under the Company's 2007 Stock Option and Incentive Plan. All options have vested.
- [F4]The reporting person was granted an option to purchase these shares on 11/20/2009 under the Company's Director Compensation Policy and the Company's 2007 Stock Option and Incentive Plan. 25% of these shares vest on the one year anniversary of the date of grant, with 6.25% of the shares granted vesting in 12 equal quarterly installments over the next three years thereafter. The entire award will vest on 11/20/2013. The option vests 25% (i.e., 12 month acceleration) upon a change in control of the Company.
Issuer
VIRTUSA CORP
CIK 0001207074
Entity typeoperating
Related Parties
1- filerCIK 0001207074
Filing Metadata
- Form type
- 4
- Filed
- Jun 16, 8:00 PM ET
- Accepted
- Jun 17, 3:13 PM ET
- Size
- 18.2 KB