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COGNIZANT TECHNOLOGY SOLUTIONS CORP — Director's Dealing 2019
Dec 3, 2019
30125_dirs_2019-12-03_da8b9531-82a8-4eb1-b456-9f89254d3da0.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: 2019-12-01
Reporting Person: Frank Malcolm (President, Digital Business)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2019-12-01 | Class A Common Stock | M | 1004 | — | Acquired | 33847 | Direct |
| 2019-12-01 | Class A Common Stock | F | 481 | $64.11 | Disposed | 33366 | Direct |
| 2019-12-01 | Class A Common Stock | M | 1851 | — | Acquired | 35217 | Direct |
| 2019-12-01 | Class A Common Stock | F | 898 | $64.11 | Disposed | 34319 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2019-12-01 | Restricted Stock Units | $ | M | 1004 | Disposed | Class A Common Stock (1004) | Direct | |
| 2019-12-01 | Restricted Stock Units | $ | M | 1851 | Disposed | Class A Common Stock (1851) | 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 restricted stock unit award granted on February 26, 2018.
F2: Each restricted stock unit represents a contingent right to receive one share of the Company's Class A Common Stock.
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: Shares of the Company's Class A Common Stock received from the vesting of 1/12th of the restricted stock unit award granted on February 26, 2019.
F5: The restricted stock units were granted on February 26, 2018 under the Cognizant Technology Solutions Corporation 2017 Incentive Award Plan and vest in quarterly installments over three years, commencing on June 1, 2018, 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 March 1, 2021.
F6: The restricted stock units were granted on February 26, 2019 under the Cognizant Technology Solutions Corporation 2017 Incentive Award Plan and vest in quarterly installments over three years, commencing on June 1, 2019, 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 March 1, 2022.