Virtusa Corporation director just picked up 1,900 shares

Ronald T Maheu, a director of Virtusa Corporation, recently acquired 1,900 shares of the company. The buys took place at prices ranging from $5.48 to $35.00 per share, on November 05, 2013. Maheu now owns 43,800 shares of the company. Maheu operates out of Westborough, MA. Some additional info was provided as follows:

These shares were exercised and/or sold pursuant to a 10b5-1 Trading Plan Agreement dated as of February 27, 2013 entered into by and between the reporting person and an investment bank. These shares were sold pursuant to a 10b5-1 Trading Plan Agreement dated as of August 13, 2013 entered into by and between the partnership and an investment bank. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecunia ry 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. Represents shares owned by a partnership created for the benefit of the reporting person's children. The reporting person's spouse is the general partner of such partnership and has voting and investment control of the partnership. The reporting person was granted an option to purchase these shares of Common Stock on 04/28/2004. All shares in this grant have vested.

The above information was disclosed in a filing to the SEC. To see this filing in its entirety, click here.

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