COGNIZANT TECHNOLOGY SOLUTIONS CORP — Director's Dealing 2010

Dec 15, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COGNIZANT TECHNOLOGY SOLUTIONS CORP (CTSH)
CIK: 0001058290
Period of Report: 2010-12-13

Reporting Person: COBURN GORDON (Chief Oper. and Fin. Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-12-13	Class A Common Stock	M	10000	$18.21	Acquired	25275	Direct
2010-12-13	Class A Common Stock	S	10000	$70.81	Disposed	15275	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-12-13	Class A Common Stock Option (Right to Buy)	$18.21	M	10000	Disposed	2018-12-09	Class A Common Stock (10000)	Direct

Footnotes

F1: Such options were granted on December 9, 2008 pursuant to the Company's Amended and Restated 1999 Incentive Compensation Plan, as amended. Such options vest in four equal annual installments, with 25% of the options vesting on the one year anniversary of the grant date, 25% of the options vesting on the two year anniversary of the grant date, 25% of the options vesting on the three year anniversary of the grant date and 25% of the options vesting on the four year anniversary of the grant date, so that the options will be fully vested on the four year anniversary of the grant date. The options will be fully vested on December 9, 2012. The Date Exercisable above reflects the first anniversary date of such options.

F2: Excludes previously granted options for an aggregate of 160,000 shares of Class A Common Stock, which have different exercise and vesting dates.