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COGNIZANT TECHNOLOGY SOLUTIONS CORP — Director's Dealing 2019
Apr 3, 2019
30125_dirs_2019-04-03_75d10f12-de82-489f-b8e5-726e97218ee8.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: 2019-04-01
Reporting Person: Middleton Sean (Pres - Cognizant Accelerator)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2019-04-01 | Class A Common Stock | M | 47 | — | Acquired | 5924 | Direct |
| 2019-04-01 | Class A Common Stock | F | 15 | $73.85 | Disposed | 5909 | Direct |
| 2019-04-01 | Class A Common Stock | M | 524 | — | Acquired | 6433 | Direct |
| 2019-04-01 | Class A Common Stock | F | 164 | $73.85 | Disposed | 6269 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2019-04-01 | Restricted Stock Units | $ | M | 47 | Disposed | Class A Common Stock (47) | Direct | |
| 2019-04-01 | Restricted Stock Units | $ | M | 524 | Disposed | Class A Common Stock (524) | Direct |
Footnotes
F1: Shares of Class A Common Stock of Cognizant Technology Solutions Corporation (the "Company") received from the vesting of 1/12th of the time-based restricted stock unit ("RSU") award granted on September 13, 2018.
F2: Each restricted stock unit represents a contingent right to receive one share of the Company's Class A Common Stock.
F3: Includes 396 shares acquired under the Company's 2004 Employee Stock Purchase Plan, as amended, on March 29, 2019.
F4: Represents the portion of shares of Class A Common Stock that the Company determined to settle in cash to pay applicable tax withholding.
F5: Shares of Class A Common Stock of the Company received from the vesting of 1/12th of the RSU award granted on December 6, 2018.
F6: The RSUs were granted on September 13, 2018 under the Cognizant Technology Solutions Corporation 2017 Incentive Award Plan and vest in quarterly installments over three years, commencing on January 1, 2019, with 1/12th of the RSUs vesting on each quarterly vesting date so that the RSUs will be fully vested on the twelfth quarterly vesting date. The RSUs will be fully vested on October 1, 2021.
F7: The RSUs were granted on December 6, 2018 under the Cognizant Technology Solutions Corporation 2017 Incentive Award Plan and vest in quarterly installments over three years, commencing on April 1, 2019, with 1/12th of the RSUs vesting on each quarterly vesting date so that the RSUs will be fully vested on the twelfth quarterly vesting date. The RSUs will be fully vested on January 1, 2022.