EPAM Systems, Inc. — Director's Dealing 2020

May 19, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: EPAM Systems, Inc. (EPAM)
CIK: 0001352010
Period of Report: 2020-05-18

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-05-18	EPAM Common Stock	M	7154	$23.04	Acquired	27831	Direct
2020-05-18	EPAM Common Stock	S	7154	$224.0716	Disposed	20677	Direct
2020-05-19	EPAM Common Stock	M	8000	$32.08	Acquired	28677	Direct
2020-05-19	EPAM Common Stock	S	8000	$223	Disposed	20677	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-05-18	Employee Stock Option (right to buy)	$23.04	M	7154	Disposed	2023-05-24	EPAM Common Stock (7154.0)	Direct
2020-05-19	Employee Stock Option (right to buy)	$32.08	M	8000	Disposed	2024-03-31	EPAM Common Stock (8000.0)	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 $223.92 to $224.86, inclusive. The reporting person undertakes to provide 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 the Form 4.

F2: The option became exercisable as to 25% of the shares on each of March 19, 2014, 2015, 2016 and 2017.

F3: The option became exercisable as to 25% of the shares on March 31, 2015, 2016, 2017 and 2018.