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EPAM Systems, Inc. Director's Dealing 2013

Nov 26, 2013

30697_dirs_2013-11-26_ff800506-508e-473e-a08b-733d43894821.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: EPAM Systems, Inc. (EPAM)
CIK: 0001352010
Period of Report: 2013-11-22

Reporting Person: RUSSIA PARTNERS II LP (10% Owner)
Reporting Person: Russia Partners II EPAM Fund, LP (10% Owner)
Reporting Person: Russia Partners II EPAM Fund B, LP (10% Owner)
Reporting Person: Russia Partners III LP (10% Owner)
Reporting Person: RUSSIA PARTNERS CAPITAL II E, LLC (10% Owner)
Reporting Person: Russia Partners Capital II M, LLC (10% Owner)
Reporting Person: RUSSIA PARTNERS CAPITAL III, LLC (10% Owner)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2013-11-22 Common Stock S 2465288 $35.00 Disposed 4644522 Direct
2013-11-22 Common Stock S 1494108 $35.00 Disposed 2814850 Indirect
2013-11-22 Common Stock S 73093 $35.00 Disposed 137707 Indirect
2013-11-22 Common Stock S 117511 $35.00 Disposed 221385 Indirect

Footnotes

F1: The amount listed reflects the beneficial ownership of the Issuer's securities by Russia Partners II, LP ("RP II"), all of which may be deemed attributable to Russia Partners Capital II M, LLC ("RP II GP"), because RP II GP is the sole general partner of RP II.

F2: The amount listed reflects the beneficial ownership of the Issuer's securities by Russia Partners II EPAM Fund, LP ("RP II EPAM"), all of which may be deemed attributable to Russia Partners Capital II E, LLC ("RP II EPAM GP"), because RP II EPAM GP is the sole general partner of RP II EPAM.

F3: The amount listed reflects the beneficial ownership of the Issuer's securities by Russia Partners II EPAM Fund B, LP ("RP II EPAM B"), all of which may be deemed attributable to RP II EPAM GP, because RP II EPAM GP is the sole general partner of RP II EPAM B.

F4: The amount listed reflects the beneficial ownership of the Issuer's securities by Russia Partners III, L.P. ("RP III"), all of which may be deemed attributable to Russia Partners Capital III, LLC ("RP III GP"), because RP III GP is the sole general partner of RP III.