Virtu Financial, Inc. — Director's Dealing 2020

Jan 27, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Virtu Financial, Inc. (VIRT)
CIK: 0001592386
Period of Report: 2020-01-23

Reporting Person: Cifu Douglas A (Director, Chief Executive Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-01-23	Class A common stock	M	16058	—	Acquired	121058	Direct
2020-01-23	Class A common stock	M	18015	—	Acquired	139073	Direct
2020-01-24	Class A common stock	A	53682	—	Acquired	192755	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-01-23	Restricted Stock Unit	$	M	16058	Disposed		Class A common stock (16058)	Direct
2020-01-23	Restricted Stock Unit	$	M	18015	Disposed		Class A common stock (18015)	Direct
2020-01-24	Restricted Stock Unit	$	A	134205	Acquired		Class A common stock (134205)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Non-voting common interest units of Virtu Financial LLC	$		Class A common stock (2830742)	2830742	Direct
Non-voting common interest units of Virtu Financial LLC	$		Class A common Stock (819804)	819804	Indirect
Option Award	$19.00		Class A common stock (100000)	100000	Direct

Footnotes

F1: Shares of Class A common stock issued in settlement of vested restricted stock units ("RSUs") granted under the Issuer's Amended and Restated 2015 Management Incentive Plan.

F2: Amount does not reflect shares of Class A common stock associated with performance awards unless and until earned.

F3: Shares of Class A common stock granted under the Issuer's Amended and Restated 2015 Management Incentive Plan based on the volume weighted average price of the Issuer's Class A common stock on the three trading days preceding the grant date of 15.6477.

F4: Each RSU is granted under the Issuer's Amended and Restated 2015 Management Incentive Plan and represents a contingent right to receive one share of Class A common stock of the Issuer.

F5: The RSUs vest in three equal installments on January 23, 2019, January 23, 2020 and January 23, 2021.

F6: The RSUs vest in three equal installments on January 23, 2020, January 23, 2021 and January 23, 2022.

F7: The RSUs vest in three equal installments on January 24, 2021, January 24, 2022 and January 24, 2023.

F8: Pursuant to the terms of the Exchange Agreement, effective as of April 15, 2015, by and among the Issuer, Virtu Financial LLC 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, 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. The exchange rights under the Exchange Agreement do not expire.

F9: By a trust, for the benefit of the Cifu Family (the "Cifu Family Trust"). Melissa B. Lautenberg, the reporting person's wife, and Dr. Mitchel A. Lautenberg, Ms. Lautenberg's brother, share dispositive control and voting control over the shares held by the Cifu Family Trust. The reporting person may be deemed to beneficially own the shares held by the Cifu Family Trust by virtue of his relationship with Ms. Lautenberg.

F10: Each Option Award was granted under the Issuer's 2015 Management Incentive Plan and represents a contingent right to receive one share of a Class A common stock of the Issuer.

F11: Options Awards vested in equal installments on each of the first four (4) anniversaries of April 15, 2015.