4//SEC Filing
Canekeratne Kris A 4
Accession 0001209191-19-048094
CIK 0001207074other
Filed
Sep 3, 8:00 PM ET
Accepted
Sep 4, 2:02 PM ET
Size
13.0 KB
Accession
0001209191-19-048094
Insider Transaction Report
Form 4
VIRTUSA CORPVRTU
Canekeratne Kris A
DirectorChairman & CEO10% Owner
Transactions
- Tax Payment
Common Stock
2019-09-03$36.10/sh−17,178$620,126→ 706,748 total - Sale
Common Stock
2019-09-04$36.57/sh−15,000$548,550→ 92,411 total(indirect: By Spouse)
Holdings
- 41,110(indirect: By Trust)
Common Stock
- 41,110(indirect: By Trust)
Common Stock
- 14,692(indirect: By Trust)
Common Stock
- 14,692(indirect: By Trust)
Common stock
Footnotes (2)
- [F1]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.
- [F2]These shares were sold pursuant to a 10b5-1 Sales Plan Agreement dated as of November 16, 2018 entered into by and between Tushara Canekeratne and an investment bank.
Issuer
VIRTUSA CORP
CIK 0001207074
Entity typeother
Related Parties
1- filerCIK 0001406397
Filing Metadata
- Form type
- 4
- Filed
- Sep 3, 8:00 PM ET
- Accepted
- Sep 4, 2:02 PM ET
- Size
- 13.0 KB