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Actionable news in VIRT: Virtu Financial Inc,

Virtu Financial director just disposed of 6,075,837 shares

Joseph Osnoss, a director of Virtu Financial, recently disposed of 6,075,837 shares of the company. The disposals took place at prices ranging from $0.00 to $21.65 per share, on November 18, 2015. Osnoss no longer owns any shares of the company. Osnoss operates out of Menlo Park, CA. Some additional info was provided as follows:

Shares of Class C common stock of the Issuer ("Class C Common Stock") have one vote per share but no economic rights (including rights to dividends and distributions upon liquidation) and are issued in an equal amount to the number of non-voting common interest units of Virtu Financial LLC ("Virtu Financial Units") held. Pursuant to the terms of the Exchange Agreement, effective as of April 15, 2015, by and among the Issuer, Virtu Financial L LC and the equityholders of Virtu Financial LLC (the "Exchange Agreement"), Virtu Financial Units, together with a corresponding number of shares of Class C Common Stock, may be exchanged for shares of Class A common stock of the Issuer ("Class A Common Stock"), which have one vote per share and economic rights (including rights to dividends and distributions upon liquidation), on a one-for-one basis at the discretion of the holder...

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