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COGNIZANT TECHNOLOGY SOLUTIONS CORP — Director's Dealing 2020
Jul 6, 2020
30125_dirs_2020-07-06_fcba1e8c-6257-4e0d-96d0-f36c12bb2706.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: 2020-07-01
Reporting Person: Shilige Pradeep Shivaram (EVP & Head of Global Delivery)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2020-07-01 | Class A Common Stock | M | 4 | — | Acquired | 23816 | Direct |
| 2020-07-01 | Class A Common Stock | F | 2 | $56.71 | Disposed | 23814 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2020-07-01 | Restricted Stock Units | $ | M | 4 | Disposed | Class A Common Stock (4) | 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 2, 2019.
F2: Each RSU 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 RSUs were granted on December 2, 2019 under the Cognizant Technology Solutions Corporation 2017 Incentive Award Plan and will vest in quarterly installments over three years, commencing on April 1, 2020, 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 stock units will be fully vested on January 1, 2023.