COGNIZANT TECHNOLOGY SOLUTIONS CORP — Director's Dealing 2010

Sep 15, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COGNIZANT TECHNOLOGY SOLUTIONS CORP (CTSH)
CIK: 0001058290
Period of Report: 2010-09-13

Reporting Person: WENDEL THOMAS M (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-09-13	Class A Common Stock	M	15000	$37.48	Acquired	65000	Direct
2010-09-13	Class A Common Stock	S	15000	$64.01	Disposed	50000	Direct
2010-09-14	Class A Common Stock	M	5000	$37.48	Acquired	55000	Direct
2010-09-14	Class A Common Stock	M	10000	$34.51	Acquired	65000	Direct
2010-09-14	Class A Common Stock	S	15000	$64.03	Disposed	50000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-09-13	Class A Common Stock Option (Right to Buy)	$37.48	M	15000	Disposed	2017-06-07	Class A Common Stock (15000)	Direct
2010-09-14	Class A Common Stock Option (Right to Buy)	$37.48	M	5000	Disposed	2017-06-07	Class A Common Stock (5000)	Direct
2010-09-14	Class A Common Stock Option (Right to Buy)	$34.51	M	10000	Disposed	2018-06-10	Class A Common Stock (10000)	Direct

Footnotes

F1: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $63.85 to $64.18. The reporting person undertakes to provide to Cognizant Technology Solutions Corporation, any security holder of Cognizant Technology Solutions Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote to this Form 4.

F2: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $64.00 to $64.09. The reporting person undertakes to provide to Cognizant Technology Solutions Corporation, any security holder of Cognizant Technology Solutions Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote to this Form 4.

F3: Such options were granted on June 7, 2007 pursuant to the Company's Amended and Restated 1999 Incentive Compensation Plan. Such options were fully vested on June 7, 2009. The date exercisable above reflects the first anniversary of such option grant.

F4: Excludes previously granted options for an aggregate of 30,000 shares of Class A Common Stock, which have different exercise prices and vesting dates.

F5: Such options were granted on June 10, 2008 pursuant to the Company's Amended and Restated 1999 Incentive Compensation Plan. Such options were fully vested on June 10, 2010. The date exercisable above reflects the first anniversary of such option grant.

F6: Excludes previously granted options for an aggregate of 20,000 shares of Class A Common Stock, which have different exercise prices and vesting dates.