SEC Form 4 · accession 0001538408-16-000008
EPAM Systems, Inc. · EPAM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Balazs Fejes
Officer — SVP/Co-Head of Global Business
Period of report
Jan 4, 2016
Accepted (ET)
Jan 6, 2016 · 4:08 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001352010
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| EPAM Common Stock | Jan 4, 2016 | M | 10,000 | $4.63 | A | 18,000 | D | |
| EPAM Common StockF2 | Jan 4, 2016 | S | 10,000 | $75.09 | D | 8,000 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (right to buy)F3 | $4.63 | Jan 4, 2016 | M | 10,000 | D | — | Aug 13, 2020 | EPAM Common Stock | 10,000 | 124,600 | D |
Explanation of responses
- F1The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan.
- F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $75.00 to $77.11, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote to this Form 4.
- F3The option became exercisable as to 25% of the shares on each of January 1, 2011, 2012, 2013 and 2014.