Virtusa Corporation director just cashed-in 250,000 options


Martin Trust, a director of Virtusa Corporation, recently cashed-in 250,000 options. The options were exercised at $0.00, while the sales took place at $0.00 per share, on November 08, 2013. Trust continues to hold 503,850 shares of the company. Trust operates out of Westborough, MA. Some additional info was provided as follows:

The reporting person gifted without the receipt of consideration an aggregate of 125,000 shares held individually by the reporting person to the Martin Trust 2013 GRAT I ("GRAT"). The GRAT has an independent trustee. The reporting person disclaims beneficial ownership of such shares 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 any other purpose. The reporting person gifted without the receipt of consideration an aggregate of 125,000 shares held individually by the reporting person to the Martin Trust 2013 GRAT for Grandchildren ("GRAT"). The GRAT has an independent trustee. The reporting person disclaims beneficial ownership of such shares 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 any other purpose. The reporting person disclaims beneficial ownership of these shares 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 any other purpose.

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: Submission Of Matters To A Vote Of Security Holders - Sept. 11, 2014

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