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COGNIZANT TECHNOLOGY SOLUTIONS CORP — Director's Dealing 2010
Sep 16, 2010
30125_dirs_2010-09-16_041ac7f9-cca1-40c4-a19a-d51320ba166c.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: 2010-09-15
Reporting Person: KLEIN JOHN E (Director, Chairman of the Board)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2010-09-15 | Class A Common Stock | M | 20000 | $21.85 | Acquired | 448700 | Direct |
| 2010-09-15 | Class A Common Stock | M | 20000 | $34.51 | Acquired | 468700 | Direct |
| 2010-09-15 | Class A Common Stock | S | 40000 | $62.75 | Disposed | 428700 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2010-09-15 | Class A Common Stock Option (Right to Buy) | $21.85 | M | 20000 | Disposed | 2015-05-05 | Class A Common Stock (20000) | Direct |
| 2010-09-15 | Class A Common Stock Option (Right to Buy) | $34.51 | M | 20000 | Disposed | 2016-05-05 | Class A Common Stock (20000) | 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 $62.63 to $62.89. 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: Such options were granted on May 5, 2005 pursuant to the Amended and Restated Cognizant Technology Solutions Non-Employee Directors' Stock Option Plan. Such options were fully vested on May 5, 2007. The date exercisable above reflects the first anniversary of such option grant.
F3: Excludes previously granted options for an aggregate of 50,000 shares of Class A Common Stock, which have different exercise prices and vesting dates.
F4: Such options were granted on May 5, 2006 pursuant to the Company's Amended and Restated 1999 Incentive Compensation Plan. Such options were fully vested on May 5, 2008. The date exercisable above reflects the first anniversary of such option grant.