SEC Form 4 · accession 0001209191-18-035767
COGNIZANT TECHNOLOGY SOLUTIONS CORP · CTSH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert Telesmanic
Officer — SVP, Cont. & Chief Acct. Offc.
Period of report
Jun 1, 2018
Accepted (ET)
Jun 5, 2018 · 4:57 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, 2018 | M | 155 | $0.00 | A | 23,729 | D | |
| Class A Common StockF3 | Jun 1, 2018 | F | 73 | $76.87 | D | 23,656 | D | |
| Class A Common StockF4 | Jun 1, 2018 | M | 4,453 | $0.00 | A | 28,109 | D | |
| Class A Common StockF3 | Jun 1, 2018 | F | 2,079 | $76.87 | D | 26,030 | D | |
| Class A Common StockF5 | holding | — | — | — | 800 | I | By Parent's Estate |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF6,F7 | $0.00 | Jun 1, 2018 | M | 155 | D | Jun 1, 2018 | Jun 1, 2018 | Class A Common Stock | 155 | 1,244 | D |
| Restricted Stock UnitsF6,F8 | $0.00 | Jun 1, 2018 | M | 4,453 | D | Jun 1, 2018 | Jun 1, 2018 | Class A Common Stock | 4,453 | 0 | D |
Explanation of responses
- F1Shares of the Company's Class A Common Stock received from vesting 1/12 of the restricted stock unit award granted on May 15, 2017.
- F2Includes 352 shares acquired under the Company's 2004 Employee Stock Purchase Plan, as amended, on March 29, 2018.
- 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 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 on February 16, 2016.
- F5The reporting person has been the Appointed Fiduciary of the estate since May 2015. Except to the extent of his pecuniary interest, the reporting person disclaims beneficial ownership of the securities held by the estate.
- F6Each restricted stock unit represents a contingent right to receive one share of the Company's Class A Common Stock.
- F7The restricted stock units were granted on May 15, 2017 under the Cognizant Technology Solutions Corporation 2009 Incentive Compensation Plan and vest in quarterly installments over three years, commencing on September 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 June 1, 2020.
- 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.