0001209191-13-039713.txt : 20130807
0001209191-13-039713.hdr.sgml : 20130807
20130807164458
ACCESSION NUMBER: 0001209191-13-039713
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 2
CONFORMED PERIOD OF REPORT: 20130806
FILED AS OF DATE: 20130807
DATE AS OF CHANGE: 20130807
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: VIRTUSA CORP
CENTRAL INDEX KEY: 0001207074
STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROGRAMMING SERVICES [7371]
IRS NUMBER: 000000000
BUSINESS ADDRESS:
STREET 1: 2000 WEST PARK DRIVE
CITY: WESTBOROUGH
STATE: MA
ZIP: 01581
BUSINESS PHONE: 508-389-7202
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Rajgopal Raj
CENTRAL INDEX KEY: 0001449544
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-33625
FILM NUMBER: 131018203
MAIL ADDRESS:
STREET 1: C/O VIRTUSA CORPORATION
STREET 2: 2000 WEST PARK DRIVE
CITY: WESTBOROUGH
STATE: MA
ZIP: 01581
4
1
doc4.xml
FORM 4 SUBMISSION
X0306
4
2013-08-06
0
0001207074
VIRTUSA CORP
VRTU
0001449544
Rajgopal Raj
C/O 2000 WEST PARK DRIVE
WESTBOROUGH
MA
01581
0
1
0
0
President
common stock
2013-08-06
4
M
0
2500
2.9735
A
101530
D
common stock
2013-08-06
4
S
0
2500
25.67
D
99030
D
common stock
2013-08-06
4
A
0
18304
A
117334
D
non-qualified stock option
2.9735
2013-08-06
4
M
0
2500
2.9735
D
2015-05-06
common stock
2500
30769
D
performance based deferred restricted stock award
2013-08-06
4
A
0
18304
A
common stock
18304
18304
D
These shares were exercised and sold pursuant to a 10b5-1 Plan Agreement dated as of June 14, 2012 entered into by and between Mr. Rajgopal and an investment bank.
The reporting person was granted an option exercisable for 143,769 shares on May 6, 2005, subject to vesting over four years. All shares are currently vested.
On August 6, 2013, the reporting person was granted shares of restricted stock which vest at a rate of 25% each year over 4 years, with the first vesting date on June 1, 2014 with vesting to occur each anniversary date thereafter, under the Company's 2007 Stock Option and Incentive Plan ("2007 Plan"). The issuance price of the shares was determined based on the Company's equity award policy. The grantee retains voting rights with respect to restricted shares unless and to the extent that such shares do not vest and are forfeited.
The reporting person was granted performance based, deferred restricted stock awards issuable for the number of shares listed above under the Company's 2007 Plan on August 6, 2013, which awards vest only upon the Company's achievement of certain revenue targets for the fiscal year ending March 31, 2014 ("FY14"). To the extent that the shares conditionally vest per the performance targets for FY14, then 33% of such awards which conditionally vested based on performance targets for FY14 will vest on 9/1/14 and the remaining 67% will vest on 3/1/16. Per the performance criteria for the award, the reporting person can earn the number of shares listed above at 100% of plan; 75% of such shares at 98% of plan; 125% of such shares at 102% of plan and 150% of such shares at 107% of plan for FY14. The issuance price of the shares was determined based on the Company's equity award policy. The grantee has no voting rights with respect to the shares underlying the award until vesting.
Paul D. Tutun, Attorney in Fact
2013-08-07
EX-24.4_483957
2
poa.txt
POA DOCUMENT
LIMITED POWER OF ATTORNEY FOR
SECTION 16 REPORTING OBLIGATIONS
This Power of Attorney shall remain in full force and effect until revoked by
the undersigned in a signed writing delivered to such attorney-in-fact.
Power of Attorney
I, Raj Rajgopal, the undersigned, hereby constitute and appoint Kris A.
Canekeratne, Thomas R. Holler and Paul D. Tutun, and each of them individually,
as my true and lawful attorney-in-fact to:
1. Complete and execute on my behalf, as an executive officer and/or director
of Virtusa Corporation, a Delaware corporation (the "Company") any Form ID or
Forms 3, 4, or 5 required to be filed by me under Section 16(a) of the
Securities Exchange Act of 1934, as amended (the "Exchange Act") and the rules
and regulations thereunder;
2. Do and perform any and all acts for and on my behalf which may be necessary
or desirable to complete and execute any such Form ID or Forms 3, 4 or 5 and
timely file such forms with the U.S. Securities and Exchange Commission and any
stock exchange or similar authority; and
3. Take any other action of any type whatsoever in connection with the
foregoing, which in the opinion of such attorney-in-fact may be of benefit to,
in the best interest of, or legally required of me, it being understood that the
documents executed by such attorney-in-fact on my behalf pursuant to this Power
of Attorney shall be in such form and shall contain such information as such
attorney-in-fact may approve in such attorney-in-fact's discretion.
I hereby grant to each of such attorneys-in-fact full power and authority to do
and perform all and every act which is necessary, proper or desirable to be done
in the exercise of any of the rights, powers and authority granted in this Power
of Attorney, with full power of substitution and revocation, and I ratify and
confirm every act that such attorney-in-fact lawfully performs or causes to be
done by virtue of this Power of Attorney and the powers and authority granted
herein.
I acknowledge that the attorneys-in-fact appointed in this Power of Attorney, in
serving in such capacity at my request, are not assuming, and the Company is not
assuming, any of my responsibilities to comply with Section 16 of the Exchange
Act or the rules or regulations thereunder.
This Power of Attorney shall remain in full force and effect until I am no
longer required to file Forms 3, 4 or 5 with respect to my holdings or
transactions in securities issued by the Company, unless I earlier revokes this
Power of Attorney in a signed writing delivered to the foregoing
attorneys-in-fact.
IN WITNESS WHEREOF, the undersigned has executed this Power of Attorney as of
November 5, 2008.
/s/ Raj Rajgopal
Name: Raj Rajgopal
STATE OF Massachusetts
COUNTY OF Worcester
On this 5th day of November, 2008, Raj Rajgopal personally appeared before me,
and acknowledged that he executed the foregoing instrument for the purposes
therein contained.
IN WITNESS WHEREOF, I have hereunto set my hand and official seal.
Maryellen Donohue
Notary Public
/s/ Maryellen Donohue
My Commission Expires: April 25, 2014