EPAM Systems, Inc. — Director's Dealing 2017

Jun 5, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: EPAM Systems, Inc. (EPAM)
CIK: 0001352010
Period of Report: 2017-06-01

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-06-01	EPAM Common Stock	M	2275	$16.80	Acquired	12733	Direct
2017-06-01	EPAM Common Stock	M	6500	$22.99	Acquired	19233	Direct
2017-06-02	EPAM Common Stock	M	9228	$32.08	Acquired	28461	Direct
2017-06-02	EPAM Common Stock	M	6000	$61.38	Acquired	34461	Direct
2017-06-02	EPAM Common Stock	M	2052	$70.52	Acquired	36513	Direct
2017-06-01	EPAM Common Stock	S	8775	$85.10	Disposed	27738	Direct
2017-06-02	EPAM Common Stock	S	17280	$85.928	Disposed	10458	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-06-01	Employee Stock Option (right to buy)	$16.8	M	2275	Disposed	2022-03-19	EPAM Common Stock (2275.0)	Direct
2017-06-01	Employee Stock Option (right to buy)	$22.99	M	6500	Disposed	2023-04-12	EPAM Common Stock (6500.0)	Direct
2017-06-02	Employee Stock Option (right to buy)	$32.08	M	9228	Disposed	2024-03-31	EPAM Common Stock (9228.0)	Direct
2017-06-02	Employee Stock Option (right to buy)	$61.38	M	6000	Disposed	2025-03-23	EPAM Common Stock (6000.0)	Direct
2017-06-02	Employee Stock Option (right to buy)	$70.52	M	2052	Disposed	2026-03-25	EPAM Common Stock (2052.0)	Direct

Footnotes

F1: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $83.89 to $85.92, 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 range set forth in this footnote to this Form 4.

F2: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $85.51 to $86.80, 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 range set forth in this footnote to this Form 4.

F3: The option, representing a right to purchase a total of 9,100 shares, became exercisable as to 25% of the shares on each of March 19, 2013, 2014, 2015 and 2016.

F4: The option, representing a right to purchase a total of 13,000 shares, became exercisable as to 25% of the shares on each of April 12, 2014, 2015, 2016 and 2017.

F5: The option, representing a right to purchase a total of 15,000 shares, became exercisable as to 25% of the shares on March 31, 2015, 2016 and 2017, and will become exercisable as to 25% of the shares on March 31, 2018.

F6: The option, representing the right to purchase a total of 12,000 shares, became exercisable as to 25% of the shares on March 23, 2016 and 2017, and will become exercisable as to 25% of the shares on each of March 23, 2018 and 2019.

F7: The option, representing a right to purchase a total of 8,205 shares, became exercisable as to 25% of the shares on March 25, 2017, and will become exercisable as to 25% of the shares on each of March 25, 2018, 2019 and 2020.