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COGNIZANT TECHNOLOGY SOLUTIONS CORP — Director's Dealing 2010
Oct 22, 2010
30125_dirs_2010-10-22_3e797048-ca04-405e-819c-625cd345c5c4.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: COGNIZANT TECHNOLOGY SOLUTIONS CORP (CTSH)
CIK: 0001058290
Period of Report: 2010-10-21
Reporting Person: Schwartz Steven (Sr VP, General Counsel & Secr.)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2010-10-21 | Class A Common Stock | M | 5000 | $40.33 | Acquired | 5000 | Direct |
| 2010-10-21 | Class A Common Stock | S | 5000 | $67.65 | Disposed | 0 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2010-10-21 | Class A Common Stock Option (Right to Buy) | $40.33 | M | 5000 | Disposed | 2016-12-14 | Class A Common Stock (5000) | Direct |
Footnotes
F1: Such shares were sold pursuant to a Rule 10b5-1 Sales Plan.
F2: Such options were granted on December 14, 2006 pursuant to the Company's Amended and Restated 1999 Incentive Compensation Plan. Such options have the following vesting schedule: 25% on December 14, 2007; 25% on December 14, 2008; 25% on December 14, 2009; and 25% on December 14, 2010. The Date Exercisable above reflects the first anniversary date of such option.
F3: Excludes previously granted options for an aggregate of 97,500 shares of Class A Common Stock, which have different exercise prices and vesting dates.