Virtusa Corporation's Chairman & CEO just sold 12,000 shares

Kris A Canekeratne, Virtusa Corporation's Chairman & CEO and a director of the company, recently sold 12,000 shares of the company. The sales took place at prices ranging from $33.55 to $33.57 per share, on dates ranging from November 12 to November 13, 2013. Canekeratne still owns 1,486,874 shares of the company. Canekeratne operates out of Westborough, MA. Some additional info was provided as follows:

These shares were sold pursuant to a 10b5-1 Sales Plan Agreement dated as of May 30, 2013 entered into by and between Kris Canekeratne and an investment bank. This transaction was executed in multiple trades at prices ranging from $33.45 to $33.62 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 $33.41 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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