SEC Form 4 · accession 0001209191-16-142130
COGNIZANT TECHNOLOGY SOLUTIONS CORP · CTSH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Sridhar Thiruvengadam
Officer — EVP Strategic Initiatives
Period of report
Sep 14, 2016
Accepted (ET)
Sep 20, 2016 · 2:09 pm 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 | Sep 16, 2016 | F | 36 | $53.63 | D | 822 | I | By sibling |
| Class A Common Stock | holding | — | — | — | 50,911 | 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 UnitsF1,F2,F3 | — | Sep 14, 2016 | A | 979 | A | — | — | Class A Common Stock | 979 | 979 | I |
Explanation of responses
- F1The reporting person disclaims beneficial ownership of the securities held by the reporting person's sibling.
- F2Each restricted stock unit represents a contingent right to receive one share of the Company's Class A Common Stock.
- F3The restricted stock units were granted on September 14, 2016 under the Cognizant Technology Solutions Corporation 2009 Incentive Compensation Plan and vest in quarterly installments over three years starting on January 1, 2017, with 1/12th of the stock units vesting on each quarterly vesting date so that the stock units will be fully vested on the twelfth quarterly vesting date. The stock units will be fully vested on October 1, 2019.