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


Kris A Canekeratne, Virtusa Corporation's Chairman & CEO and a director of the company, recently disposed of 12,000 shares of the company. The disposals took place at prices ranging from $37.14 to $37.31 per share, on dates ranging from March 04 to March 05, 2014. Canekeratne still owns 1,438,874 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 $36.91 to $37.32 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 $37.20 to $37.52 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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