EPAM Systems, Inc. — Director's Dealing 2012

Feb 9, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

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

Reporting Person: Robb Karl (Director, President of EU Operation, EVP)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-01-16	Common Stock	A	194800	—	Acquired	194800	Direct
2012-02-07	Common Stock	M	5400	$4.63	Acquired	200200	Direct
2012-02-07	Common Stock	F	2083	$12.00	Disposed	198117	Direct
2012-02-07	Common Stock	S	6605	$12.00	Disposed	191512	Direct
2012-02-07	Common Stock	S	49009	$12.00	Disposed	676815	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-02-07	Employee Stock Option (right to buy)	$4.63	M	5400	Disposed	2020-08-13	Common Stock (5400)	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.