SEC Form 4 · accession 0001209191-17-037598
COGNIZANT TECHNOLOGY SOLUTIONS CORP · CTSH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Allen Shaheen
Officer — EVP Corporate Development
Period of report
Jun 1, 2017
Accepted (ET)
Jun 5, 2017 · 12:54 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,F2 | Jun 1, 2017 | M | 1,306 | $0.00 | A | 1,748 | D | |
| Class A Common StockF3 | Jun 1, 2017 | F | 431 | $67.39 | D | 1,317 | D | |
| Class A Common StockF4 | Jun 1, 2017 | M | 2,731 | $0.00 | A | 4,048 | D | |
| Class A Common StockF3 | Jun 1, 2017 | F | 900 | $67.39 | D | 3,148 | D | |
| Class A Common StockF5 | Jun 1, 2017 | M | 1,572 | $0.00 | A | 4,720 | D | |
| Class A Common StockF3 | Jun 1, 2017 | F | 518 | $67.39 | D | 4,202 | D | |
| Class A Common StockF6 | Jun 1, 2017 | M | 636 | $0.00 | A | 4,838 | D | |
| Class A Common StockF3 | Jun 1, 2017 | F | 210 | $67.39 | D | 4,628 | 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 UnitsF7,F8 | $0.00 | Jun 1, 2017 | M | 1,306 | D | Jun 1, 2017 | Jun 1, 2017 | Class A Common Stock | 1,306 | 2,611 | D |
| Restricted Stock UnitsF7,F9 | $0.00 | Jun 1, 2017 | M | 2,731 | D | Jun 1, 2017 | Jun 1, 2017 | Class A Common Stock | 2,731 | 0 | D |
| Restricted Stock UnitsF7,F10 | $0.00 | Jun 1, 2017 | M | 1,572 | D | Jun 1, 2017 | Jun 1, 2017 | Class A Common Stock | 1,572 | 11,000 | D |
| Restricted Stock UnitsF7,F11 | $0.00 | Jun 1, 2017 | M | 636 | D | Jun 1, 2017 | Jun 1, 2017 | Class A Common Stock | 636 | 6,361 | D |
Explanation of responses
- F1Shares of the Company's Class A Common Stock received from the vesting of 1/12 of the restricted stock unit award granted on December 1, 2014.
- F10The restricted stock units were granted on February 16, 2016 under the Cognizant Technology Solutions Corporation 2009 Incentive Compensation Plan and vest in quarterly installments over three years, commencing on June 1, 2016, 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 March 1, 2019.
- F11The restricted stock units were granted on December 1, 2016 under the Cognizant Technology Solutions Corporation 2009 Incentive Compensation Plan and vest in quarterly installments over three years, commending on March 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 December 1, 2019.
- F2Includes 442 shares acquired under the Company's 2004 Employee Stock Purchase Plan, as amended, on March 31, 2017.
- F3Represents the portion of shares of Class A Common Stock that the Company determined to settle in cash to pay applicable tax withholding.
- F4Represents the number of shares of Class A Common Stock received from the vesting of the performance-based restricted stock units previously granted to the reporting person under the Cognizant Technology Solutions Corporation 2009 Incentive Compensation Plan on February 16, 2016.
- F5Shares of the Company's Class A Common Stock received from the vesting of 1/12 of the restricted stock unit award granted on February 16, 2016.
- F6Shares of the Company's Class A Common Stock received from the vesting of 1/12 of the restricted stock unit award granted on December 1, 2016.
- F7Each restricted stock unit represents a contingent right to receive one share of the Company's Class A Common Stock.
- F8The restricted stock units were granted on December 1, 2014 under the Cognizant Technology Solutions Corporation 2009 Incentive Compensation Plan and vest in quarterly installments over three years, commencing on March 1, 2015, 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 be fully vested on December 1, 2017.
- F9The performance-based restricted stock units were granted on February 16, 2016 under the Cognizant Technology Solutions Corporation 2009 Incentive Compensation Plan. In accordance with the performance-based restricted stock unit award, 100% of the vested performance-based restricted stock units were issuable on June 1, 2017, provided the reporting person remained in the Company's service through such date.