EPAM Systems, Inc. — Director's Dealing 2014

Apr 3, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: EPAM Systems, Inc. (EPAM)
CIK: 0001352010
Period of Report: 2014-03-31

Reporting Person: Conte Anthony J (VP, CFO, Treasurer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-03-31	Common Stock	A	4000	—	Acquired	4000	Direct
2014-04-01	Common Stock	M	2000	$6.875	Acquired	6000	Direct
2014-04-01	Common Stock	S	2000	$35.00	Disposed	4000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-03-31	Employee Stock Option (right to buy)	$32.08	A	20000	Acquired	2024-03-31	Common Stock (20000)	Direct
2014-04-01	Employee Stock Option (right to buy)	$6.875	M	2000	Disposed	2020-12-17	Common Stock (2000)	Direct

Footnotes

F1: Represents restricted stock units that are scheduled to vest as to 25% of the shares on each of March 31, 2015, 2016, 2017 and 2018.

F2: The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan.

F3: The option will become exercisable as to 25% of the shares on each of March 31, 2015, 2016, 2017 and 2018.

F4: The option, representing a right to purchase a total of 80,000 shares, became exercisable as to 25% of the shares on each of December 13, 2011, 2012 and 2013 and will become exercisable as to 25% of the shares on December 13, 2014.