EPAM Systems, Inc. — Director's Dealing 2012

Mar 21, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: EPAM Systems, Inc. (EPAM)
CIK: 0001352010
Period of Report: 2012-03-19

Reporting Person: Cantor Ilya (Vice President, CFO, Treasurer)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-03-19	Employee Stock Option (right to buy)	$16.80	A	11200	Acquired	2022-03-19	Common Stock (11200)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee Stock Option (right to buy)	$1.52	2016-01-20	Common Stock (94344)	94344	Direct
Employee Stock Option (right to buy)	$2.76	2017-02-22	Common Stock (96000)	96000	Direct
Employee Stock Option (right to buy)	$6.88	2020-08-13	Common Stock (107152)	107152	Direct

Footnotes

F1: The option will become exercisable as to 25% of the shares on each of March 19, 2013, 2014, 2015 and 2016.

F2: The option became exercisable as to 28,000 shares on each of January 20, 2007, 2008, 2009 and 2010.

F3: The option became exercisable as to 24,000 shares on each of February 13, 2008, 2009, 2010 and 2011.

F4: The option became exercisable as to 25% of the shares on January 1, 2011 and 2012 and will become exercisable as to 25% of the shares on January 1, 2013 and 2014.