EPAM Systems, Inc. — Director's Dealing 2018

Sep 4, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: EPAM Systems, Inc. (EPAM)
CIK: 0001352010
Period of Report: 2018-08-31

Reporting Person: Dvorkin Viktar (SVP/Head of Global Delivery)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-08-31	EPAM Common Stock	M	11200	$16.80	Acquired	29258	Direct
2018-08-31	EPAM Common Stock	M	8800	$23.04	Acquired	38058	Direct
2018-08-31	EPAM Common Stock	S	20000	$142.98	Disposed	18058	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-08-31	Employee Stock Option (right to buy)	$16.8	M	11200	Acquired	2022-03-19	EPAM Common Stock (11200.0)	Direct
2018-08-31	Employee Stock Option (right to buy)	$23.04	M	8800	Acquired	2023-05-24	EPAM Common Stock (8800.0)	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 $142.52 to $143.54, 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 option became exercisable as to 25% of the shares on each of March 19, 2013, 2014, 2015 and 2016.

F3: The option became exercisable as to 25% of the shares on each of May 24, 2014, 2015, 2016 and 2017.