EPAM Systems, Inc. — Director's Dealing 2021

Jan 4, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: EPAM Systems, Inc. (EPAM)
CIK: 0001352010
Period of Report: 2020-12-31

Reporting Person: Yezhkov Sergey (SVP/Co-Head of Global Business)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-12-31	EPAM Common Stock	M	500	$23.04	Acquired	9711	Direct
2020-12-31	EPAM Common Stock	M	500	$32.08	Acquired	10211	Direct
2020-12-31	EPAM Common Stock	S	1000	$360.23	Disposed	9211	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-12-31	Employee Stock Option (right to buy)	$23.04	M	500	Disposed	2023-05-24	EPAM Common Stock (500.0)	Direct
2020-12-31	Employee Stock Option (right to buy)	$32.08	M	500	Disposed	2024-03-31	EPAM Common Stock (500.0)	Direct

Footnotes

F1: The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan.

F2: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $360.00 to $360.58, 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.

F3: The option, representing a right to purchase a total of 16,000 shares, became exercisable as to 25% of the shares on March 19, 2014, 2015, 2016 and 2017.

F4: The option, representing a right to purchase 20,000 shares, became exercisable as to 25% of the shares on March 31, 2015, 2016, 2017 and 2018.