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COGNIZANT TECHNOLOGY SOLUTIONS CORP — Director's Dealing 2019
Jul 3, 2019
30125_dirs_2019-07-03_a48443c4-7e9a-43f0-b7ed-a5aa2e1746ae.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: 2019-07-01
Reporting Person: CHINTAMANENI RAMAKRISHNA PRASAD (President Global Inds. & Cnslt)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2019-07-01 | Class A Common Stock | M | 8355 | — | Acquired | 50728 | Direct |
| 2019-07-01 | Class A Common Stock | F | 4030 | $64.28 | Disposed | 46698 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2019-07-01 | Restricted Stock Units | $ | M | 8355 | Disposed | Class A Common Stock (8355) | Direct |
Footnotes
F1: Represents the number of shares of Class A Common Stock of Cognizant Technology Solutions Corporation (the "Company") received from the vesting of 1/3rd of the performance-based restricted stock unit ("PSU") award granted to the reporting person under the Cognizant Technology Solutions Corporation 2009 Incentive Compensation Plan on March 2, 2017.
F2: Each restricted stock unit represents a contingent right to receive one share of the Company's Class A Common Stock.
F3: Represents the number of shares of the Company's Class A Common Stock withheld to pay applicable taxes.
F4: The PSUs were granted on March 2, 2017 under the Cognizant Technology Solutions Corporation 2009 Incentive Compensation Plan. In accordance with the PSU award agreement, 1/3rd of the PSUs vested and settled on July 1, 2019, and the remaining 2/3rds of the PSUs shall vest and settle on January 1, 2020.