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COGNIZANT TECHNOLOGY SOLUTIONS CORP — Director's Dealing 2020
Mar 16, 2020
30125_dirs_2020-03-16_d5e65d07-e3f3-4ae5-8874-21c431ab8db7.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: 2020-03-12
Reporting Person: Shilige Pradeep Shivaram (EVP & Head of Global Delivery)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2020-03-12 | Class A Common Stock | M | 753 | — | Acquired | 23241 | Direct |
| 2020-03-12 | Class A Common Stock | F | 307 | $49.335 | Disposed | 22934 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2020-03-12 | Restricted Stock Units | $ | M | 753 | Disposed | Class A Common Stock (753) | 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 ("RSU") award granted on December 12, 2017.
F2: Each RSU 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: The RSUs were granted on December 12, 2017 under the Cognizant Technology Solutions Corporation 2017 Incentive Award Plan and vest in quarterly installments over three years, commencing on March 12, 2018, 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 December 12, 2020.