EPAM Systems, Inc. — Director's Dealing 2018

Mar 27, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: EPAM Systems, Inc. (EPAM)
CIK: 0001352010
Period of Report: 2018-03-23

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-03-23	EPAM Common Stock	F	400	$112.62	Disposed	13833	Direct
2018-03-23	EPAM Common Stock	A	4316	—	Acquired	18149	Direct
2018-03-24	EPAM Common Stock	F	626	$112.62	Disposed	17523	Direct
2018-03-25	EPAM Common Stock	F	665	$112.62	Disposed	16858	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-03-23	Employee Stock Option (right to buy)	$112.62	A	11532	Acquired	2028-03-23	EPAM Common Stock (11532.0)	Direct

Footnotes

F1: These shares were withheld by the Issuer to satisfy the tax withholding requirement arising from the vesting of restricted stock units granted to the reporting person under the Issuer's Long Term Incentive Plan.

F2: Represents restricted stock units that are scheduled to vest as to 25% of the shares on each of March 23, 2019, 2020, 2021 and 2022.

F3: The option will become exercisable as to 25% of the shares on each of March 23, 2019, 2020, 2021 and 2022.