VIRTUSA CORP 4
4 · VIRTUSA CORP · Filed Nov 22, 2013
Insider Transaction Report
Form 4
VIRTUSA CORPVRTU
Armony Izhar
Director
Transactions
- Award
Non-qualified Stock Option
2013-11-20$34.27/sh+2,665$91,330→ 2,665 totalExercise: $34.27Exp: 2023-11-20→ common stock (2,665 underlying)
Footnotes (1)
- [F1]The reporting person was granted an option to purchase these shares on 11/20/2013 under the Company's Director Compensation Policy and 2007 Stock Option and Incentive Plan. 25% of these shares will 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 11/20/2017. The option vests 25% (i.e., 12 month acceleration) upon a change in control of the Company.