4//SEC Filing
Dhir Samir 4
Accession 0001209191-19-048093
CIK 0001207074other
Filed
Sep 3, 8:00 PM ET
Accepted
Sep 4, 2:01 PM ET
Size
10.5 KB
Accession
0001209191-19-048093
Insider Transaction Report
Form 4
VIRTUSA CORPVRTU
Dhir Samir
SVP, Global Services
Transactions
- Sale
Common Stock
2019-08-30$35.91/sh−4,000$143,658→ 157,780 total - Tax Payment
Common Stock
2019-09-03$36.10/sh−5,641$203,640→ 152,139 total
Footnotes (3)
- [F1]These shares were sold pursuant to a 10b5-1 Sales Plan Agreement dated as of June 12, 2018 entered into by and between Samir Dhir and an investment bank.
- [F2]This transaction was executed in multiple trades at prices ranging from $35.685 to $36.60 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]On 5/17/2018, the reporting person was granted a performance-based restricted stock unit award under the Company's 2015 Stock Option and Incentive Plan, which awards vest only upon the Company's achievement of two weighted performance metrics: revenue (50%) and non-GAAP operating income targets (50%) for fiscal year ending 3/31/19 ("FY19"). Based on the Company's achievement of i) revenue of $1,247.9 million and ii) Non-GAAP operating income of $123.2 million for FY19, 33% vested on 9/1/2019 and 67% will vest on 3/1/2021. On September 3, 2019 the Company withheld the number of shares listed above equal to the reporting person's tax liability thereon.
Issuer
VIRTUSA CORP
CIK 0001207074
Entity typeother
Related Parties
1- filerCIK 0001520547
Filing Metadata
- Form type
- 4
- Filed
- Sep 3, 8:00 PM ET
- Accepted
- Sep 4, 2:01 PM ET
- Size
- 10.5 KB