SEC Form 4 · accession 0001209191-18-035751
COGNIZANT TECHNOLOGY SOLUTIONS CORP · CTSH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gajakarnan Vibushanan Kandiah
Officer — President - Digital Business
Period of report
Jun 1, 2018
Accepted (ET)
Jun 5, 2018 · 4:51 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 | Jun 1, 2018 | M | 1,161 | $0.00 | A | 9,698 | D | |
| Class A Common StockF2 | Jun 1, 2018 | F | 509 | $76.87 | D | 9,189 | D | |
| Class A Common StockF3 | Jun 1, 2018 | M | 977 | $0.00 | A | 10,166 | D | |
| Class A Common StockF2 | Jun 1, 2018 | F | 429 | $76.87 | D | 9,737 | D | |
| Class A Common StockF4 | Jun 1, 2018 | M | 7,700 | $0.00 | A | 17,437 | D | |
| Class A Common StockF2 | Jun 1, 2018 | F | 3,376 | $76.87 | D | 14,061 | 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 UnitsF5,F6 | $0.00 | Jun 1, 2018 | M | 1,161 | D | Jun 1, 2018 | Jun 1, 2018 | Class A Common Stock | 1,161 | 3,483 | D |
| Restricted Stock UnitsF5,F7 | $0.00 | Jun 1, 2018 | M | 977 | D | Jun 1, 2018 | Jun 1, 2018 | Class A Common Stock | 977 | 5,859 | D |
| Restricted Stock UnitsF5,F8 | $0.00 | Jun 1, 2018 | M | 7,700 | D | Jun 1, 2018 | Jun 1, 2018 | Class A Common Stock | 7,700 | 0 | 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 February 16, 2016.
- 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 1/12 of the restricted stock unit award granted on December 1, 2016.
- F4Represents the number of shares of the Company's Class A Common Stock received from the vesting of 100% of the vested performance-based restricted stock units previously granted to the reporting person under the Cognizant Technology Solutions 2009 Incentive Compensation Plan on February 16, 2016.
- F5Each restricted stock unit represents a contingent right to receive one share of the Company's Class A Common Stock.
- F6The 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.
- F7The 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, commencing 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.
- F8The performance-based restricted stock units (the "PSUs") were granted on February 16, 2016 under the Cognizant Technology Solutions Corporation 2009 Incentive Compensation Plan. In accordance with the PSU award agreement, 100% of the vested PSUs were issuable on June 1, 2018, provided the reporting person remained in the Company's service through such date.