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EPAM Systems, Inc. Director's Dealing 2016

Jan 7, 2016

30697_dirs_2016-01-07_3dbf7e39-48aa-441f-9e8f-d6528483098d.zip

Director's Dealing

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SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: EPAM Systems, Inc. (EPAM)
CIK: 0001352010
Period of Report: 2015-12-29

Reporting Person: Shekhter Elaina (Chief Marketing Officer)

Holdings (Non-Derivative)

Security Shares Ownership
EPAM Common Stock 7500 Direct

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Employee Stock Option (right to buy) $16.8 2022-03-19 EPAM Common Stock (2800.0) Direct
Employee Stock Option (right to buy) $23.04 2023-05-24 EPAM Common Stock (8000.0) Direct
Employee Stock Option (right to buy) $32.08 2024-03-31 EPAM Common Stock (15022.0) Direct
Employee Stock Option (right to buy) $61.38 2025-03-23 EPAM Common Stock (17500.0) Direct

Footnotes

F1: Represents (a) 4,000 restricted stock units that vested as to 25% of the shares on March 31, 2015 and are scheduled to vest as to 25% of the shares on each of March 31, 2016, 2017 and 2018; and (b) 3,500 restricted stock units that are scheduled to vest as to 25% of the shares on each of March 23, 2016, 2017, 2018 and 2019.

F2: The option, representing a right to purchase a total of 11,200 shares, became exercisable as to 25% of the shares on each of March 19, 2013, 2014 and 2015, and will become exercisable as to 25% of the shares on March 19, 2016.

F3: The option, representing a right to purchase a total of 16,000 shares, became exercisable as to 25% of the shares on March 19, 2014 and 2015, and will become exercisable as to 25% of the shares on each of March 19, 2016 and 2017.

F4: The option, representing a right to purchase a total of 20,000 shares, became exercisable as to 25% of the shares on March 31, 2015 and will become exercisable as to 25% of the shares on each of March 31, 2016, 2017 and 2018.

F5: The option, representing a right to purchase a total of 17,500 shares, will become exercisable as to 25% of the shares on each of March 23, 2016, 2017, 2018 and 2019.