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COGNIZANT TECHNOLOGY SOLUTIONS CORP — Director's Dealing 2013
May 30, 2013
30125_dirs_2013-05-30_2633b5d3-3903-4a2d-a000-548eeb4d62df.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: 2013-05-28
Reporting Person: COBURN GORDON (President)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2013-05-28 | Class A Common Stock | M | 2483 | $0.00 | Acquired | 63432 | Direct |
| 2013-05-28 | Class A Common Stock | F | 1224 | $63.74 | Disposed | 62208 | Direct |
| 2013-05-28 | Class A Common Stock | M | 10057 | $0.00 | Acquired | 72265 | Direct |
| 2013-05-28 | Class A Common Stock | F | 4958 | $63.74 | Disposed | 67307 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2013-05-28 | Restricted Stock Units | $0.00 | M | 2483 | Disposed | 2013-05-28 | Class A Common Stock (2483) | Direct |
| 2013-05-28 | Restricted Stock Units | $0.00 | M | 10057 | Disposed | 2013-05-28 | Class A Common Stock (10057) | Direct |
Footnotes
F1: Shares of the Company's Class A Common Stock received from the vesting of 1/12 of the restricted stock unit award granted on November 28, 2011.
F2: Includes 328 shares acquired under the Company's 2004 Employee Stock Purchase Plan, as amended, on March 31, 2013.
F3: Represents the portion of shares of Class A Common Stock that the Company determined to settle in cash to pay applicable tax withholding.
F4: Represents the number of shares of Class A Common Stock received from the vesting of 1/3 of the vested performance-based restricted stock units previously granted to the reporting person under the Cognizant Technology Solutions Corporation 2009 Incentive Compensation Plan on November 28, 2011.
F5: Each restricted stock unit represents a contingent right to receive one share of the Company's Class A Common Stock.
F6: The restricted stock units were granted on November 28, 2011 under the Cognizant Technology Solutions Corporation 2009 Incentive Compensation Plan and vest in quarterly installments over three years, with 1/12th of the stock units vesting on each quarterly vesting date so that the stock units will be fully vested on the twelfth quarterly vesting date. The stock units will be fully vested on November 28, 2014.
F7: Excludes previously granted restricted stock units for an aggregate of 104,986 shares of Class A Common Stock, which have different vesting schedules.
F8: The performance-based restricted stock units were granted on November 28, 2011 under the Cognizant Technology Solutions Corporation 2009 Incentive Compensation Plan. In accordance with the performance-based restricted stock unit award, 1/3 of the vested performance-based restricted stock units were issuable on the eighteen-month anniversary of the date of grant of such performance-based restricted stock units, provided the reporting person remained in the Company's service through such anniversary date. The remaining 2/3 of the vested performance-based restricted stock units shall be issued on the thirty-six month anniversary of the date of grant of such performance-based restricted stock units, provided that the reporting person remains in the Company's service through such anniversary date.
F9: Excludes previously granted restricted stock units for an aggregate of 99,772 shares of Class A Common Stock, which have different vesting schedules.