VIRTUSA CORP 4
4 · VIRTUSA CORP · Filed Aug 28, 2015
Insider Transaction Report
Form 4
VIRTUSA CORPVRTU
DAVOLI ROBERT E
Director10% Owner
Transactions
- Exercise/Conversion
nonqualified stock option
2015-08-27$15.22/sh−1,035$15,753→ 1,725 totalExercise: $15.22Exp: 2022-11-14→ common stock (1,035 underlying) - Exercise/Conversion
common stock
2015-08-27$15.22/sh+1,035$15,753→ 12,344 total - Exercise/Conversion
nonqualified stock option
2015-08-27$14.63/sh−1,073$15,698→ 358 totalExercise: $14.63Exp: 2021-11-16→ common stock (1,073 underlying) - Exercise/Conversion
common stock
2015-08-27$14.63/sh+1,073$15,698→ 11,309 total - Exercise/Conversion
common stock
2015-08-27$34.27/sh+499$17,101→ 12,843 total - Exercise/Conversion
nonqualified stock option
2015-08-27$34.27/sh−499$17,101→ 1,500 totalExercise: $34.27Exp: 2023-11-20→ common stock (499 underlying)
Footnotes (3)
- [F1]The reporting person was granted an option to purchase these shares on 11/16/2011 under the Company's Director Compensation Policy. 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 11/16/2015. The option vests 25% (i.e., 12 month acceleration) upon a change in control of the Company.
- [F2]The reporting person was granted an option to purchase these shares on 11/14/2012 under the Company's Director Compensation Policy. 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 11/14/2016. The option vests 25% (i.e., 12 month acceleration) upon a change in control of the Company.
- [F3]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.