EPAM Systems, Inc. — Director's Dealing 2017

Mar 29, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: EPAM Systems, Inc. (EPAM)
CIK: 0001352010
Period of Report: 2017-03-24

Reporting Person: Dobkin Arkadiy (Director, CEO, President, Chairman)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-03-24	EPAM Common Stock	A	13890	—	Acquired	2176424	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-03-24	Employee Stock Option (right to buy)	$73.27	A	39594	Acquired	2027-03-24	EPAM Common Stock (39594.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
EPAM Common Stock	513400	Indirect

Footnotes

F1: Represents restricted stock units that are scheduled to vest as to 25% of the shares on each of March 24, 2018, 2019, 2020 and 2021.

F2: These shares are held by the Arkadiy Dobkin GST Exempt Grantor Trust for the benefit of the reporting person's children. The reporting person's spouse is trustee of the trust. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the filing of this report should not be deemed an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.

F3: The option, representing the right to purchase a total of 39,594 shares, will become exercisable as to 25% of the shares on each of March 24, 2018, 2019, 2020, and 2021.