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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-03-23	EPAM Common Stock	F	713	$112.62	Disposed	1814462	Direct
2018-03-23	EPAM Common Stock	A	10791	—	Acquired	1825253	Direct
2018-03-24	EPAM Common Stock	F	1105	$112.62	Disposed	1824148	Direct
2018-03-25	EPAM Common Stock	F	1052	$112.62	Disposed	1823096	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	28830	Acquired	2018-03-23	EPAM Common Stock (28830.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
EPAM Common Stock	355889	Indirect

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: 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.

F4: The option will become exercisable as to 25% of the shares on each of March 23, 2019, 2020, 2021 and 2022.