SEC Form 4 · accession 0001209191-16-126124
COGNIZANT TECHNOLOGY SOLUTIONS CORP · CTSH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Lakshmi Narayanan
Director · Other
Period of report
Jun 3, 2016
Accepted (ET)
Jun 7, 2016 · 11:51 am EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001058290
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common StockF1 | Jun 3, 2016 | M | 687 | $0.00 | A | 87,453 | D | |
| Class A Common StockF2 | Jun 3, 2016 | F | 213 | $60.72 | D | 87,240 | D | |
| Class A Common StockF3 | Jun 4, 2016 | M | 1,028 | $0.00 | A | 88,268 | D | |
| Class A Common StockF2 | Jun 4, 2016 | F | 318 | $60.12 | D | 87,950 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF4,F5 | $0.00 | Jun 3, 2016 | M | 687 | D | Jun 3, 2016 | Jun 3, 2016 | Class A Common Stock | 687 | 687 | D |
| Restricted Stock UnitsF4,F6 | $0.00 | Jun 4, 2016 | M | 1,028 | D | Jun 4, 2016 | Jun 4, 2016 | Class A Common Stock | 1,028 | 0 | D |
Explanation of responses
- F1Shares of the Company's Class A Common Stock received from the vesting of 1/3 of the restricted stock unit award granted on June 3, 2014.
- F2Represents the portion of shares of Class A Common Stock that the Company determined to settle in cash to pay applicable tax withholding.
- F3Shares of the Company's Class A Common Stock received from the vesting of 1/3 of the restricted stock unit award granted on June 4, 2013.
- F4Each restricted stock unit represents a contingent right to receive one share of the Company's Class A Common Stock.
- F5The restricted stock units were granted on June 3, 2014 and vest in three equal annual installments over three years, with 1/3rd of the stock units vesting on each annual vesting date so that the stock units will be fully vested on June 3, 2017.
- F6The restricted stock units were granted on June 4, 2013 and vest in three equal annual installments over three years, with 1/3rd of the stock units vesting on each annual vesting date so that the stock units were fully vested on June 4, 2016.