EPAM Systems, Inc. — Director's Dealing 2013

Nov 20, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: EPAM Systems, Inc. (EPAM)
CIK: 0001352010
Period of Report: 2013-11-18

Reporting Person: Mosier Ginger (VP, General Counsel, Corp. Sec)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-11-18	Common Stock	M	12000	$6.88	Acquired	12000	Direct
2013-11-18	Common Stock	S	12000	$35.34	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-11-18	Employee Stock Option (right to buy)	$6.88	M	12000	Disposed	2020-08-13	Common Stock (12000)	Direct

Footnotes

F1: The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan.

F2: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $35.01 to $35.92, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote to this Form 4.

F3: The option became exercisable as to 25% of the shares on each of January 1, 2011, 2012 and 2013 and will become exercisable as to 25% of the shares on January 1, 2014.