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: Spencer Donald (Director)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2624688	Indirect
Common Stock	534200	Indirect
Common Stock	361800	Indirect
Common Stock	507976	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Series A-1 Convertible Preferred Stock	$		Common Stock (1197261)		Indirect
Series A-1 Convertible Preferred Stock	$		Common Stock (857674)		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 are convertible at any time at the election of the holder and will automatically convert on an 8-for-1 basis into this number of shares of Common Stock immediately upon the closing of the Issuer's initial public offering. There is no expiration date.