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COGNIZANT TECHNOLOGY SOLUTIONS CORP — Director's Dealing 2020
Jan 3, 2020
30125_dirs_2020-01-03_9bf540f6-7dd2-4e3a-a1bf-8521ab102f00.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: 2020-01-01
Reporting Person: Friedrich Matthew W. (General Counsel)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2020-01-01 | Class A Common Stock | M | 18740 | — | Acquired | 18740 | Direct |
| 2020-01-01 | Class A Common Stock | F | 8850 | $62.02 | Disposed | 9890 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2020-01-01 | Restricted Stock Units | $ | M | 18740 | Disposed | Class A Common Stock (18740) | 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 2/3rds 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 May 15, 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 May 15, 2017 under the Cognizant Technology Solutions Corporation 2009 Incentive Compensation Plan. In accordance with the PSU award agreement, 1/3rd of the PSUs were vested and issuable on July 1, 2019 and the remaining 2/3rds of the PSUs were vested and issuable on January 1, 2020.