Virtusa Corporation's EVP & Chief Financial Officer just cashed-in 10,000 options

Ranjan Kalia, Virtusa Corporation's EVP & Chief Financial Officer, recently cashed-in 10,000 options. The options were exercised at $9.82, while the sales took place at $32.78 per share, on November 08, 2013. Kalia continues to hold 104,047 shares of the company. Kalia operates out of Westborough, MA. Some additional info was provided as follows:

The reporting person was granted an option to purchase 53,444 shares on 08/04/2009. 6.25% of these shares will vest each three month anniversary of April 1, 2009 in 16 equal installments. The entire award will vest on 04/01/2013 and will expire on 08/04/2019. The sale of shares was executed in multiple trades at prices ranging from $32.73 to $32.90 per share. The price reported above reflects the weighted average sale pric e. 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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