EPAM Systems, Inc. — Director's Dealing 2012

Feb 7, 2012

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: EPAM Systems, Inc. (EPAM)
CIK: 0001352010
Period of Report: 2012-02-07

Reporting Person: Robb Karl (Director, Pres. of EU Operations, EVP)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	194800	Direct
Common Stock	725824	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee Stock Option (right to buy)	$4.63	2020-08-13	Common Stock (160000)		Direct

Footnotes

F1: Represents shares of restricted stock granted on January 16, 2012. These shares vested 25% on January 16, 2012 and will vest 25% on each of January 1, 2013, 2014 and 2015.

F2: The options became exercisable as to 25% of the shares on each of January 1, 2011 and 2012 and will become exercisable as to 25% of the shares on each of January 1, 2013 and 2014.