EPAM Systems, Inc. — Director's Dealing 2016

May 27, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: EPAM Systems, Inc. (EPAM)
CIK: 0001352010
Period of Report: 2016-05-25

Reporting Person: Fejes Balazs (SVP/Co-Head of Global Business)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-05-25	EPAM Common Stock	M	10000	$4.63	Acquired	24645	Direct
2016-05-25	EPAM Common Stock	S	10000	$75	Disposed	14645	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-05-25	Employee Stock Option (right to buy)	$4.63	M	10000	Disposed	2020-08-13	EPAM Common Stock (10000.0)	Direct

Footnotes

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

F2: The option became exercisable as to 25% of the shares on each of January 1, 2011, 2012, 2013 and 2014.