EPAM Systems, Inc. — Director's Dealing 2020

May 18, 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: Harman Jason (SVP/Co-Head of Global Business)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-05-18	EPAM Common Stock	M	3077	$70.52	Acquired	10614	Direct
2020-05-18	EPAM Common Stock	M	2970	$73.27	Acquired	13584	Direct
2020-05-18	EPAM Common Stock	M	1874	$112.62	Acquired	15458	Direct
2020-05-18	EPAM Common Stock	M	1384	$169.13	Acquired	16842	Direct
2020-05-18	EPAM Common Stock	S	11098	$222	Disposed	5744	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-05-18	Employee Stock Option (right to buy)	$70.52	M	3077	Disposed	2026-03-25	EPAM Common Stock (3077.0)	Direct
2020-05-18	Employee Stock Option (right to buy)	$73.27	M	2970	Disposed	2027-03-24	EPAM Common Stock (2970.0)	Direct
2020-05-18	Employee Stock Option (right to buy)	$112.62	M	1874	Disposed	2028-03-23	EPAM Common Stock (1874.0)	Direct
2020-05-18	Employee Stock Option (right to buy)	$169.13	M	1384	Disposed	2029-03-29	EPAM Common Stock (1384.0)	Direct

Footnotes

F1: The option became exercisable as to 25% of the shares on each of March 25, 2017, 2018, 2019, and 2020.

F2: The option became exercisable as to 25% of the shares on March 24, 2018, 2019 and 2020, and will become exercisable as to 25% of the shares on March 24, 2021.

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

F4: The option became exercisable as to 25% of the shares on March 29, 2020, and will become exercisable as to 25% of the shares on each of March 29, 2021, 2022 and 2023.