EPAM Systems, Inc. — Director's Dealing 2013

Jan 17, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: EPAM Systems, Inc. (EPAM)
CIK: 0001352010
Period of Report: 2013-01-15

Reporting Person: Robb Karl (Director, President of EU Operations,EVP)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-01-15	Common Stock	M	40000	$4.63	Acquired	285512	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-01-15	Employee Stock Option (right to buy)	$4.63	M	40000	Disposed	2020-08-13	Common Stock (40000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	233989	Indirect

Footnotes

F1: The options 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.