4//SEC Filing
Kalia Ranjan 4
Accession 0001209191-20-016043
CIK 0001207074other
Filed
Mar 3, 7:00 PM ET
Accepted
Mar 4, 4:11 PM ET
Size
11.7 KB
Accession
0001209191-20-016043
Insider Transaction Report
Form 4
VIRTUSA CORPVRTU
Kalia Ranjan
SVP & Chief Financial Officer
Transactions
- Tax Payment
common stock
2020-03-02$44.62/sh−12,716$567,388→ 68,935 total - Tax Payment
common stock
2020-03-02$44.62/sh−347$15,483→ 68,588 total
Holdings
- 91,859(indirect: By Trust)
common stock
Footnotes (3)
- [F1]On 8/10/2017, 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 3/31/2018 ("FY18"). Based on the Company's achievement of i) revenue of $1,020.67 million and ii) non-GAAP operating income of $87.08 million for FY18, 185.54% of the target shares were earned, of which 33% vested on 9/1/2018 and 67% vest on 3/1/2020, based on continued service of the reporting person. On 3/2/2020, the Company withheld the number of shares listed above equal to the reporting person's tax liability thereon.
- [F2]The reporting person was granted 16,000 shares of restricted stock units on 11/14/2016 under the 2015 Stock Option and Incentive Plan. 6.25% of these shares will vest each quarter in 16 equal installments beginning on 12/1/16 and each 3 month anniversary thereafter with the final vesting date on 9/1/2020. On March 2, 2020 the company withheld the number of shares listed above equal to the reporting person's tax liability thereon.
- [F3]These shares are held in a revocable trust ("the Trust") for the benefit of the reporting person who is the beneficiary and sole trustee of the Trust.
Issuer
VIRTUSA CORP
CIK 0001207074
Entity typeother
Related Parties
1- filerCIK 0001449543
Filing Metadata
- Form type
- 4
- Filed
- Mar 3, 7:00 PM ET
- Accepted
- Mar 4, 4:11 PM ET
- Size
- 11.7 KB