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COGNIZANT TECHNOLOGY SOLUTIONS CORP — Director's Dealing 2020
May 21, 2020
30125_dirs_2020-05-21_45e9280c-e2fe-4b13-a417-3d4fcc823d0c.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: 2020-05-19
Reporting Person: Friedrich Matthew W. (General Counsel)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2020-05-19 | Restricted Stock Units | $ | A | 33993 | Acquired | Class A Common Stock (33993) | Direct |
Footnotes
F1: Each restricted stock unit ("RSU") represents a contingent right to receive one share of Class A Common Stock of Cognizant Technology Solutions Corporation.
F2: The RSUs were granted on May 19, 2020 under the Cognizant Technology Solutions Corporation 2017 Incentive Award Plan and will vest in 11 successive quarterly installments, commencing on August 19, 2020, with (i) 1/7th of the RSUs vesting on each of the first three vesting dates; (ii) 2/3rds of 1/7th of the RSUs vesting on each of the successive four vesting dates; (iii) 1/3rd of 1/7th of the RSUs vesting on each of the next three successive vesting dates; and (iv) the remainder of the RSUs vesting on the eleventh vesting date. The RSUs will be fully vested on February 19, 2023.