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: Fejes Balazs (Chief Technology Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-02-07	Common Stock	M	5400	$4.63	Acquired	5400	Direct
2012-02-07	Common Stock	F	2083	$12.00	Disposed	3317	Direct
2012-02-07	Common Stock	S	3317	$12.00	Disposed	0	Direct
2012-02-07	Common Stock	S	40119	$12.00	Disposed	554049	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