EPAM Systems, Inc. — Director's Dealing 2012

Feb 13, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: EPAM Systems, Inc. (EPAM)
CIK: 0001352010
Period of Report: 2012-02-13

Reporting Person: Guff Andrew (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-02-13	Common Stock	C	9578088	—	Acquired	12202776	Indirect
2012-02-13	Common Stock	C	6861392	—	Acquired	7395592	Indirect
2012-02-13	Common Stock	S	1545797	$12.00	Disposed	10656979	Indirect
2012-02-13	Common Stock	S	936843	$12.00	Disposed	6458749	Indirect
2012-02-13	Common Stock	S	45831	$12.00	Disposed	315969	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-02-13	Series A-1 Convertible Preferred Stock	$0	C	1197261	Disposed		Common Stock (9578088)	Indirect
2012-02-13	Series A-1 Convertible Preferred Stock	$0	C	857674	Disposed		Common Stock (6861392)	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	507976	Indirect

Footnotes

F1: The reporting person disclaims beneficial ownership of these securities, except to the extent of any pecuniary interest therein. This report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 or any other purpose.

F2: Shares of Series A-1 Convertible Preferred Stock automatically converted on an 8-for-1 basis into this number of shares of Common Stock immediately upon the closing of the Issuer's initial public ofering. There was no expiration date.