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COGNIZANT TECHNOLOGY SOLUTIONS CORP — Director's Dealing 2010
Sep 8, 2010
30125_dirs_2010-09-08_3e8c90f5-a7f5-4576-a792-095768a10ec4.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: 2010-09-04
Reporting Person: Mehta Rajeev (COO, Global Client Services)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2010-09-04 | Class A Common Stock | M | 3289 | $0.00 | Acquired | 5146 | Direct |
| 2010-09-04 | Class A Common Stock | F | 1199 | $62.37 | Disposed | 3947 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2010-09-04 | Restricted Stock Units | $0.00 | M | 3289 | Disposed | 2010-09-04 | Class A Common Stock (3289) | Direct |
Footnotes
F1: Shares of the Company's Class A Common Stock received from the vesting of 33.33% of the restricted stock unit award granted on September 4, 2008.
F2: Represents the portion of shares of Class A Common Stock that the Company determined to settle in cash to pay applicable tax withholding.
F3: Each restricted stock unit represents a contingent right to receive one share of the Company's Class A Common Stock.
F4: The restricted stock units were granted under the Company's Amended and Restated 1999 Incentive Compensation Plan, as amended, on September 4, 2008 and vest in three annual installments over three years, with 33.33% of the restricted stock units vesting on the one year anniversary of the date of grant, 33.33% of the restricted stock units vesting on the two year anniversary of the date of grant, and 33.34% of the restricted stock units vesting on the three year anniversary of the date of grant.