SEC Form 4 · accession 0001209191-17-038516
COGNIZANT TECHNOLOGY SOLUTIONS CORP · CTSH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Lakshmi Narayanan
Director
Period of report
Jun 6, 2017
Accepted (ET)
Jun 8, 2017 · 3:42 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 6, 2017 | M | 534 | — | A | 89,332 | D | |
| Class A Common StockF3 | Jun 6, 2017 | F | 160 | $67.35 | D | 89,172 | D | |
| Class A Common StockF4,F2 | Jun 6, 2017 | M | 1,760 | — | A | 90,932 | D | |
| Class A Common StockF3 | Jun 6, 2017 | F | 527 | $67.35 | D | 90,405 | 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 UnitsF2,F5 | — | Jun 6, 2017 | M | 534 | D | — | — | Class A Common Stock | 534 | 0 | D |
| Restricted Stock UnitsF2,F6 | — | Jun 6, 2017 | M | 1,760 | D | — | — | Class A Common Stock | 1,760 | 0 | D |
Explanation of responses
- F1Shares of the Company's Class A Common Stock received from the accelerated vesting of the remaining 1/3 of the restricted stock unit award granted on June 2, 2015.
- F2Each restricted stock unit represents a contingent right to receive one share of the Company's Class A Common Stock.
- F3Represents the shares of Class A Common Stock that the Company withheld to pay applicable taxes.
- F4Shares of the Company's Class A Common Stock received from the accelerated vesting of 100% of the restricted stock unit award granted on June 15, 2016.
- F5The restricted stock units were scheduled to vest on June 2, 2018. However, in recognition of the Reporting Person's years of service on the Company's Board of Directors, the Board approved the acceleration of the vesting of the restricted stock units immediately prior to the annual meeting of stockholders on June 6, 2017.
- F6The restricted stock units were scheduled to vest in three equal installments on June 15, 2017, 2018 and 2019. However, in recognition of the Reporting Person's years of service on the Company's Board of Directors, the Board approved the acceleration of the vesting of the restricted stock units immediately prior to the annual meeting of stockholders on June 6, 2017.