COGNIZANT TECHNOLOGY SOLUTIONS CORP — Director's Dealing 2010

Jul 27, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COGNIZANT TECHNOLOGY SOLUTIONS CORP (CTSH)
CIK: 0001058290
Period of Report: 2010-07-23

Reporting Person: Mehta Rajeev (COO, Global Client Services)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-07-23	Class A Common Stock	M	24000	$5.06	Acquired	70667	Direct
2010-07-23	Class A Common Stock	M	3000	$5.81	Acquired	73667	Direct
2010-07-23	Class A Common Stock	S	47260	$55.00	Disposed	26407	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-07-23	Class A Common Stock Option (Right to Buy)	$5.06	M	24000	Disposed	2013-02-05	Class A Common Stock (24000)	Direct
2010-07-23	Class A Common Stock Option (Right to Buy)	$5.81	M	3000	Disposed	2013-03-05	Class A Common Stock (3000)	Direct

Footnotes

F1: Such shares were sold pursuant to a Rule 10b5-1 Sales Plan.

F2: Such options were granted on February 5, 2003 pursuant to the Company's Amended and Restated 1999 Incentive Compensation Plan. Such options were 100% vested on February 5, 2007. The Date Exercisable above reflects the first anniversary date of such option.

F3: Excludes previously granted options for an aggregate of 352,500 shares of Class A Common Stock, which have different exercise prices and vesting dates.

F4: Such options were granted on March 5, 2003 pursuant to the Company's Amended and Restated 1999 Incentive Compensation Plan. Such options were 100% vested on March 5, 2007. The Date Exercisable above reflects the first anniversary date of such option.