Virtusa Corporation's President just sold 20,000 shares

Raj Rajgopal, Virtusa Corporation's President, recently sold 20,000 shares of the company. The sales took place at prices ranging from $2.97 to $33.20 per share, on dates ranging from November 07 to November 08, 2013. Rajgopal still owns 97,334 shares of the company. Rajgopal operates out of Westborough, MA. Some additional info was provided as follows:

These shares were exercised and sold pursuant to a 10b5-1 Plan Agreement dated as of August 16, 2013 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. This transaction was executed in multiple trades at prices ranging from $32.95 to $33.36 per share. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected. These shares were sold pursuant to a 10b5-1 Plan Agreement dated as of August 16, 2013 entered into by and between Mr. Rajgopal and an investment bank This transaction was executed in multiple trades at prices ranging from $32.33 to $33.10 per share. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected. This transaction was executed in multiple trades at prices ranging from $32.50 to $33.75 per share. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

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

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Other recent filings from the company include the following:

Virtusa Corporation director just cashed-in 9,125 options - April 17, 2014

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