Insider filing report for Changes in Beneficial Ownership
- Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
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- Peter Lynch
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G/A
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
VIRTUSA CORPORATION
-------------------
(Name of Issuer)
COMMON STOCK, PAR VALUE $0.01 PER SHARE
---------------------------------------
(Title of Class of Securities)
92827P102
---------
(CUSIP Number)
December 31, 2008
-----------------
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
|_| Rule 13d-1(b)
|_| Rule 13d-1(c)
|X| Rule 13d-1(d)
- -----------------------
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
================================================================================
=================== ==================
CUSIP NO. 92827P102 13G PAGE 2 OF 14 PAGES
=================== ==================
================================================================================
1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
JAV MANAGEMENT ASSOCIATES III, L.L.C. - 77-0493794
- ------------ -------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_]
(b) [_]
- ------------ -------------------------------------------------------------------
3. SEC USE ONLY
- ------------ -------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
- --------------------------------------------------------------------------------
NUMBER OF 5. SOLE VOTING POWER
SHARES 0
------ -------------------------------------------------
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY 0
------ -------------------------------------------------
EACH 7. SOLE DISPOSITIVE POWER
REPORTING 0
------ -------------------------------------------------
PERSON 8. SHARED DISPOSITIVE POWER
WITH 0
- --------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
- ------------ -------------------------------------------------------------------
10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[_]
- ------------ -------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.0%
- ------------ -------------------------------------------------------------------
12. TYPE OF REPORTING PERSON
PN
================================================================================
=================== ==================
CUSIP NO. 92827P102 13G PAGE 3 OF 14 PAGES
=================== ==================
================================================================================
1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
JAFCO AMERICA TECHNOLOGY FUND III, L.P. - 77-0526700
- ------------ -------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_]
(b) [_]
- ------------ -------------------------------------------------------------------
3. SEC USE ONLY
- ------------ -------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
- --------------------------------------------------------------------------------
NUMBER OF 5. SOLE VOTING POWER
SHARES 0
------ -------------------------------------------------
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY 0
------ -------------------------------------------------
EACH 7. SOLE DISPOSITIVE POWER
REPORTING 0
------ -------------------------------------------------
PERSON 8. SHARED DISPOSITIVE POWER
WITH 0
- --------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
- ------------ -------------------------------------------------------------------
10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[_]
- ------------ -------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.0%
- ------------ -------------------------------------------------------------------
12. TYPE OF REPORTING PERSON
PN
================================================================================
=================== ==================
CUSIP NO. 92827P102 13G PAGE 4 OF 14 PAGES
=================== ==================
================================================================================
1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
JAFCO AMERICA TECHNOLOGY CAYMAN FUND III, L.P. - 77-0536490
- ------------ -------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_]
(b) [_]
- ------------ -------------------------------------------------------------------
3. SEC USE ONLY
- ------------ -------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION
CAYMAN ISLANDS
- --------------------------------------------------------------------------------
NUMBER OF 5. SOLE VOTING POWER
SHARES 0
------ -------------------------------------------------
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY 0
------ -------------------------------------------------
EACH 7. SOLE DISPOSITIVE POWER
REPORTING 0
------ -------------------------------------------------
PERSON 8. SHARED DISPOSITIVE POWER
WITH 0
- --------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
- ------------ -------------------------------------------------------------------
10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[_]
- ------------ -------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.0%
- ------------ -------------------------------------------------------------------
12. TYPE OF REPORTING PERSON
PN
================================================================================
=================== ==================
CUSIP NO. 92827P102 13G PAGE 5 OF 14 PAGES
=================== ==================
================================================================================
1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
JAFCO USIT FUND III, L.P. - 77-0493795
- ------------ -------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_]
(b) [_]
- ------------ -------------------------------------------------------------------
3. SEC USE ONLY
- ------------ -------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
- --------------------------------------------------------------------------------
NUMBER OF 5. SOLE VOTING POWER
SHARES 0
------ -------------------------------------------------
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY 0
------ -------------------------------------------------
EACH 7. SOLE DISPOSITIVE POWER
REPORTING 0
------ -------------------------------------------------
PERSON 8. SHARED DISPOSITIVE POWER
WITH 0
- --------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
- ------------ -------------------------------------------------------------------
10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[_]
- ------------ -------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.0%
- ------------ -------------------------------------------------------------------
12. TYPE OF REPORTING PERSON
PN
================================================================================
=================== ==================
CUSIP NO. 92827P102 13G PAGE 6 OF 14 PAGES
=================== ==================
================================================================================
1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
JAFCO AMERICA TECHNOLOGY AFFILIATES FUND III, L.P. - 77-0539811
- ------------ -------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_]
(b) [_]
- ------------ -------------------------------------------------------------------
3. SEC USE ONLY
- ------------ -------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
- --------------------------------------------------------------------------------
NUMBER OF 5. SOLE VOTING POWER
SHARES 0
------ -------------------------------------------------
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY 0
------ -------------------------------------------------
EACH 7. SOLE DISPOSITIVE POWER
REPORTING 0
------ -------------------------------------------------
PERSON 8. SHARED DISPOSITIVE POWER
WITH 0
- --------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
- ------------ -------------------------------------------------------------------
10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[_]
- ------------ -------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.0%
- ------------ -------------------------------------------------------------------
12. TYPE OF REPORTING PERSON
PN
================================================================================
=================== ==================
CUSIP NO. 92827P102 13G PAGE 7 OF 14 PAGES
=================== ==================
================================================================================
1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
ANDREW P. GOLDFARB
- ------------ -------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_]
(b) [_]
- ------------ -------------------------------------------------------------------
3. SEC USE ONLY
- ------------ -------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES
- --------------------------------------------------------------------------------
NUMBER OF 5. SOLE VOTING POWER
SHARES 0
------ -------------------------------------------------
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY 0
------ -------------------------------------------------
EACH 7. SOLE DISPOSITIVE POWER
REPORTING 0
------ -------------------------------------------------
PERSON 8. SHARED DISPOSITIVE POWER
WITH 0
- --------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
- ------------ -------------------------------------------------------------------
10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[_]
- ------------ -------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.0%
- ------------ -------------------------------------------------------------------
12. TYPE OF REPORTING PERSON
IN
================================================================================
=================== ==================
CUSIP NO. 92827P102 13G PAGE 8 OF 14 PAGES
=================== ==================
================================================================================
1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
BARRY J. SCHIFFMAN
- ------------ -------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_]
(b) [_]
- ------------ -------------------------------------------------------------------
3. SEC USE ONLY
- ------------ -------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES
- --------------------------------------------------------------------------------
NUMBER OF 5. SOLE VOTING POWER
SHARES 0
------ -------------------------------------------------
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY 0
------ -------------------------------------------------
EACH 7. SOLE DISPOSITIVE POWER
REPORTING 0
------ -------------------------------------------------
PERSON 8. SHARED DISPOSITIVE POWER
WITH 0
- --------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
0
- ------------ -------------------------------------------------------------------
10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[_]
- ------------ -------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.0%
- ------------ -------------------------------------------------------------------
12. TYPE OF REPORTING PERSON
IN
================================================================================
=================== ==================
CUSIP NO. 92827P102 13G PAGE 9 OF 14 PAGES
=================== ==================
Item 1(a). NAME OF ISSUER:
Virtusa Corporation
Item 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
2000 West Park Drive, Westborough, Massachusetts 01581
Item 2(a). NAME OF PERSON FILING:
This statement is being filed by JAV Management Associates
III, L.L.C. ("JAVMA"), JAFCO America Technology Fund III, L.P.
("JATF"), JAFCO America Technology Cayman Fund III, L.P.
("JATCF"), JAFCO USIT Fund III, L.P. ("USIT"), JAFCO America
Technology Affiliates Fund III, L.P. ("JATAF"), Andrew P.
Goldfarb and Barry J. Schiffman.
JAVMA serves as the sole general partner of JATF, JATCF, USIT
and JATAF.
Andrew P. Goldfarb is one of two managing members of JAVMA.
Barry J. Schiffman is one of two managing members of JAVMA.
Item 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
The address of the principal business office of each of JAVMA,
JATF, JATCF, USIT, JATAF, Andrew P. Goldfarb and Barry J.
Schiffman:
c/o Globespan Capital Management, LLC
One Boston Place, Suite 2810
Boston, MA 02108
Item 2(c). CITIZENSHIP:
JAVMA - Delaware
JATF - Delaware
JATCF - Cayman Islands
USIT - Delaware
JATAF - Delaware
Andrew P. Goldfarb - United States
Barry J. Schiffman - United States
Item 2(d). TITLE OF CLASS OF SECURITIES:
Common Stock, par value $0.01 per share (the "Common Stock")
Item 2(e). CUSIP NUMBER:
92827P102
Item 3. Not Applicable.
=================== ===================
CUSIP NO. 92827P102 13G PAGE 10 OF 14 PAGES
=================== ===================
Item 4. OWNERSHIP.
Provide the following information regarding the aggregate
number and percentage of the class of securities of the issuer
identified in Item 1.
(a) Amount beneficially owned:
As of December 31, 2008, JATF was the record holder of 0
shares of Common Stock (the "JATF Shares"); JATCF was the
record holder of 0 shares of Common Stock (the "JATCF
Shares"); USIT was the record holder of 0 shares of Common
Stock (the "USIT Shares"); JATAF was the record holder of 0
shares of Common Stock (the "JATAF Shares"); and JAVMA was the
record holder of 0 shares of Common Stock (the "JAVMA
Shares").
By virtue of their relationship as affiliated entities, whose
general partners have overlapping individual managing members,
as the case may be, each of JATF, JATCF, USIT and JATAF may be
deemed to beneficially own and share the power to direct the
disposition and vote of the JATF Shares, JATCF Shares, USIT
Shares, JATAF Shares and JAVMA Shares for an aggregate of 0
shares (the "Record Shares").
JAVMA (as sole general partner of JATF, JATCF, USIT and JATAF)
may also be deemed to beneficially own the Record Shares.
As a managing member of JAVMA, Andrew P. Goldfarb may be
deemed to beneficially own the Record Shares.
As a managing member of JAVMA, Barry J. Schiffman may be
deemed to beneficially own the Record Shares.
Each reporting person disclaims beneficial ownership of the
Recorded Shares except to the extent of their pecuniary
interest, if any, and this report shall not be deemed an
admission that each of the reporting persons is the beneficial
owner of all of the Recorded Shares.
(b) Percent of class:
JAVMA 0.0%
JATF 0.0%
JATCF 0.0%
USIT 0.0%
JATAF 0.0%
Andrew P. Goldfarb 0.0%
Barry J. Schiffman 0.0%
The foregoing percentages are calculated based on the
23,476,786 shares of Common Stock of Virtusa Corporation
outstanding as of October 28, 2008 as reported in the issuer's
Quarterly Report on Form 10-Q filed with the SEC on October
31, 2008.
(c) Number of shares as to which such person has:
=================== ===================
CUSIP NO. 92827P102 13G PAGE 11 OF 14 PAGES
=================== ===================
(i) Sole power to vote or to direct the vote:
0 shares for each other reporting person
(ii) Shared power to vote or to direct the vote:
0 shares for each reporting person
(iii) Sole power to dispose or to direct the
disposition of:
0 shares for each other reporting person
(iv) Shared power to dispose or to direct the
disposition of:
0 shares for each reporting person
Item 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.
Yes.
Item 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER
PERSON.
Not applicable.
Item 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH
ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING
COMPANY.
Not applicable.
Item 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.
Not applicable.
Item 9. NOTICE OF DISSOLUTION OF GROUP.
Not applicable.
Item 10. CERTIFICATION.
Not applicable.
=================== ===================
CUSIP NO. 92827P102 13G PAGE 12 OF 14 PAGES
=================== ===================
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Date: February 13, 2009
JAV MANAGEMENT ASSOCIATES III, L.L.C.
By: /s/ Andrew P. Goldfarb
-------------------------------------
Name: Andrew P. Goldfarb
-------------------------------------
Title: Managing Member
-------------------------------------
JAFCO AMERICA TECHNOLOGY FUND III, L.P.
JAFCO AMERICA TECHNOLOGY CAYMAN FUND III, L.P.
JAFCO USIT FUND III, L.P.
JAFCO AMERICA TECHNOLOGY AFFILIATES FUND III, L.P.
By: JAV Management Associates III, L.L.C.
-------------------------------------
By: /s/ Andrew P. Goldfarb
-------------------------------------
Name: Andrew P. Goldfarb
-------------------------------------
Title: Managing Member
-------------------------------------
/s/ Andrew P. Goldfarb
------------------------------
Andrew P. Goldfarb
/s/ Barry J. Schiffman
------------------------------
Barry J. Schiffman
=================== ===================
CUSIP NO. 92827P102 13G PAGE 13 OF 14 PAGES
=================== ===================
EXHIBIT INDEX
Exhibit 1. Joint Filing Agreement as required by Rule 13d-1(k)(1)
under the Securities Exchange Act of 1934, as amended.
=================== ===================
CUSIP NO. 92827P102 13G PAGE 14 OF 14 PAGES
=================== ===================
EXHIBIT 1
JOINT FILING AGREEMENT PURSUANT TO RULE 13d-1(k)(1)
The undersigned acknowledge and agree that the foregoing statement on Schedule
13G/A is filed on behalf of each of the undersigned and that all subsequent
amendments to this statement on Schedule 13G/A shall be filed on behalf of each
of the undersigned without the necessity of filing additional joint filing
statements. The undersigned acknowledge that each shall be responsible for the
timely filing of such amendments, and for the completeness and accuracy of the
information concerning him, her or it contained herein, but shall not be
responsible for the completeness and accuracy of the information concerning the
other entities or persons, except to the extent that he, she or it knows or has
reason to believe that such information is inaccurate.
Date: February 13, 2009
JAV MANAGEMENT ASSOCIATES III, L.L.C.
By: /s/ Andrew P. Goldfarb
-------------------------------------
Name: Andrew P. Goldfarb
-------------------------------------
Title: Managing Member
-------------------------------------
JAFCO AMERICA TECHNOLOGY FUND III, L.P.
JAFCO AMERICA TECHNOLOGY CAYMAN FUND III, L.P.
JAFCO USIT FUND III, L.P.
JAFCO AMERICA TECHNOLOGY AFFILIATES FUND III, L.P.
By: JAV Management Associates III, L.L.C.
-------------------------------------
By: /s/ Andrew P. Goldfarb
-------------------------------------
Name: Andrew P. Goldfarb
-------------------------------------
Title: Managing Member
-------------------------------------
/s/ Andrew P. Goldfarb
------------------------------
Andrew P. Goldfarb
/s/ Barry J. Schiffman
------------------------------
Barry J. Schiffman