Moriarty Rowland T 4
4 · VIRTUSA CORP · Filed Feb 11, 2021
Insider Transaction Report
Form 4
VIRTUSA CORPVRTU
Moriarty Rowland T
Director
Transactions
- Disposition to Issuer
Common Stock
2021-02-11−121,758→ 0 total - Disposition to Issuer
Common Stock
2021-02-11−234,456→ 0 total(indirect: By LLC) - Disposition to Issuer
Common Stock
2021-02-11−59,195→ 0 total(indirect: By LLC) - Disposition to Issuer
Common Stock
2021-02-11−49,500→ 0 total(indirect: By Foundation) - Disposition to Issuer
Common Stock
2021-02-11−672→ 0 total(indirect: By Trust)
Footnotes (6)
- [F1]This Form 4 reports securities disposed of pursuant to the terms of the Agreement and Plan of Merger, dated as of September 9, 2020 (the "Merger Agreement"), by and among Austin HoldCo Inc., Austin BidCo Inc. ("Sub"), and the Issuer, pursuant to which Sub merged with and into the Issuer (the "Merger") effective as of February 11, 2021 (the "Effective Time"). At the Effective Time, each issued and outstanding share of common stock of the Issuer and each unvested restricted stock unit held by the reporting person was cancelled and converted into the right to receive $51.35 in cash without interest and net of any withholding of taxes thereon.
- [F2]Includes 5,980 unvested restricted stock units.
- [F3]The reporting person is the Chief Investment Officer and Managing Member of Rubex, LLC, a limited liability company. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.
- [F4]Movex, LLC, is a limited liability company over which the reporting person exerts voting and investment control.
- [F5]The reporting person's spouse, Jenny Moriarty, is trustee of the Moriarty Family Charitable Foundation. The reporting person disclaims beneficial ownership of such shares and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or any other purpose.
- [F6]The reporting person exerts investment and voting control of the Charles Moriarty Trust.