COGNIZANT TECHNOLOGY SOLUTIONS CORP — Director's Dealing 2010

Dec 6, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COGNIZANT TECHNOLOGY SOLUTIONS CORP (CTSH)
CIK: 0001058290
Period of Report: 2010-12-02

Reporting Person: Schwartz Steven (Sr VP, General Counsel & Secr.)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-12-02	Class A Common Stock	M	13000	$5.81	Acquired	13464	Direct
2010-12-02	Class A Common Stock	M	7000	$9.05	Acquired	20464	Direct
2010-12-02	Class A Common Stock	S	12000	$69.34	Disposed	8464	Direct
2010-12-02	Class A Common Stock	S	8000	$68.51	Disposed	464	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-12-02	Class A Common Stock Option (Right to Buy)	$5.81	M	13000	Disposed	2013-03-05	Class A Common Stock (13000)	Direct
2010-12-02	Class A Common Stock Option (Right to Buy)	$9.05	M	7000	Disposed	2013-09-26	Class A Common Stock (7000)	Direct

Footnotes

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

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

F3: Excludes previously granted options for an aggregate of 107,500 shares of Class A Common Stock, which have different exercise prices and vesting dates.

F4: Such options were granted on September 26, 2003 pursuant to the Company's Amended and Restated 1999 Incentive Compensation Plan. Such options were fully vested on September 26, 2007. The Date Exercisable above reflects the first anniversary date of such option.

F5: Excludes previously granted options for an aggregate of 75,000 shares of Class A Common Stock, which have different exercise prices and vesting dates.