0001209191-20-016033.txt : 20200304
0001209191-20-016033.hdr.sgml : 20200304
20200304160941
ACCESSION NUMBER: 0001209191-20-016033
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 2
CONFORMED PERIOD OF REPORT: 20200302
FILED AS OF DATE: 20200304
DATE AS OF CHANGE: 20200304
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Narayanan Sundararajan
CENTRAL INDEX KEY: 0001682655
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-33625
FILM NUMBER: 20687220
MAIL ADDRESS:
STREET 1: C/O VIRTUSA CORPORATION
STREET 2: 2000 WEST PARK DRIVE
CITY: WESTBOROUGH
STATE: MA
ZIP: 01581
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: VIRTUSA CORP
CENTRAL INDEX KEY: 0001207074
STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER PROGRAMMING SERVICES [7371]
IRS NUMBER: 000000000
STATE OF INCORPORATION: DE
FISCAL YEAR END: 0331
BUSINESS ADDRESS:
STREET 1: 132 TURNPIKE RD
CITY: SOUTHBOROUGH
STATE: MA
ZIP: 01772
BUSINESS PHONE: 508-389-7300
MAIL ADDRESS:
STREET 1: 132 TURNPIKE RD
CITY: SOUTHBOROUGH
STATE: MA
ZIP: 01772
4
1
doc4.xml
FORM 4 SUBMISSION
X0306
4
2020-03-02
0
0001207074
VIRTUSA CORP
VRTU
0001682655
Narayanan Sundararajan
C/O VIRTUSA CORPORATION
132 TURNPIKE ROAD
SOUTHBOROUGH
MA
01772
0
1
0
0
EVP, CPO and Global Head of HR
common stock
2020-03-02
4
F
0
8295
44.62
D
86521
D
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.
/s/ Paul D. Tutun, Attorney in Fact
2020-03-04
EX-24.4_901493
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, Sundararajan Narayanan, the undersigned, hereby constitute and appoint Kris
A. Canekeratne, Ranjan Kalia 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.
The undersigned hereby grants to each such attorney-in-fact, acting singly, full
power and authority to do an perform any and every act which is necessary,
proper or desirable to be done in the exercise of any of the rights and powers
herein granted, as fully to all intents and purposes as the undersigned might or
could do if personally present, with full power of substitution or revocation,
hereby ratifying and confirming all that any such attorney-in-fact, or any such
attorney-in fact's substitute or substitutes,shall lawfully do or cause to be
done by virtue of this power of attorney and the rights and powers herein
granted. The undersigned acknowledges that each of the foregoing
attorneys-in-fact, in serving in such capacity at the request of the
undersigned, are not assuming, nor is the Company assuming, any of the
undersigned responsibilities to comply with Section 13 or Section 16 of the
Exchange Act. The undersigned hereby agrees to indemnify the attorneys-in-fact
and the Company from and against any demand, damage, loss, cost or expense
arising from any false or misleading information provided by the undersigned to
the attorneys-in-fact.
This Power of Attorney shall remain in full force and effect until the
undersigned is no longer to file any instruments, certificates and documents
pursuant to Section 13 and Section 16 of the Exchange Act or the rules or
regulations there under with respect to the undersigned's holdings of and
transactions in securities issued by the Company, unless earlier revoked by the
undersigned in a signed writing delivered to the foregoing attorneys-in-fact.
This Power of Attorney supersedes any prior power of attorney in connection with
the undersigned's capacity as an officer and/or director of the Company.This
Power of Attorney shall expire as to any individual attorney-in-fact if such
attorney-in-fact ceases to be an executive officer, or legal counsel to, the
Company.
IN WITNESS WHEREOF, the undersigned has executed this Power of Attorney as of
August 18, 2016
/s/ Sundararajan Narayanan
Name: Sundararajan Narayanan
STATE OF Massachusetts
COUNTY OF Worcester
On this 18th day of August 2016, Sundararajan Narayanan 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.
Amanda M. Wilson
Notary Public
/s/ Amanda M. Wilson