COGNIZANT TECHNOLOGY SOLUTIONS CORP — Director's Dealing 2012

Feb 29, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COGNIZANT TECHNOLOGY SOLUTIONS CORP (CTSH)
CIK: 0001058290
Period of Report: 2012-02-27

Reporting Person: NARAYANAN LAKSHMI (Director, Vice Chairman)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-02-27	Class A Common Stock	M	40000	$5.06	Acquired	40000	Direct
2012-02-27	Class A Common Stock	S	40000	$72.12	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-02-27	Class A Common Stock Option (Right to Buy)	$5.06	M	40000	Disposed	2013-02-05	Class A Common Stock (40000)	Direct

Footnotes

F1: Such options were granted on February 5, 2003 pursuant to the Company's Amended and Restated 1999 Incentive Compensation Plan. The options were 100% vested on February 5, 2007. The Date Exercisable above reflects the first anniversary date of such option.

F2: Excludes previously granted options for an aggregate of 340,000 shares of Class A Common Stock, which have different exercise prices and vesting dates.