SEC Form 4 · accession 0001538409-17-000008
EPAM Systems, Inc. · EPAM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ginger Mosier
Officer — SVP, General Counsel, Corp Sec
Period of report
Jun 1, 2017
Accepted (ET)
Jun 5, 2017 · 4:45 pm EDT
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 | Jun 1, 2017 | M | 2,275 | $16.80 | A | 12,733 | D | |
| EPAM Common Stock | Jun 1, 2017 | M | 6,500 | $22.99 | A | 19,233 | D | |
| EPAM Common Stock | Jun 2, 2017 | M | 9,228 | $32.08 | A | 28,461 | D | |
| EPAM Common Stock | Jun 2, 2017 | M | 6,000 | $61.38 | A | 34,461 | D | |
| EPAM Common Stock | Jun 2, 2017 | M | 2,052 | $70.52 | A | 36,513 | D | |
| EPAM Common StockF1 | Jun 1, 2017 | S | 8,775 | $85.10 | D | 27,738 | D | |
| EPAM Common StockF2 | Jun 2, 2017 | S | 17,280 | $85.928 | D | 10,458 | 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 | $16.80 | Jun 1, 2017 | M | 2,275 | D | — | Mar 19, 2022 | EPAM Common Stock | 2,275 | 0 | D |
| Employee Stock Option (right to buy)F4 | $22.99 | Jun 1, 2017 | M | 6,500 | D | — | Apr 12, 2023 | EPAM Common Stock | 6,500 | 0 | D |
| Employee Stock Option (right to buy)F5 | $32.08 | Jun 2, 2017 | M | 9,228 | D | — | Mar 31, 2024 | EPAM Common Stock | 9,228 | 3,750 | D |
| Employee Stock Option (right to buy)F6 | $61.38 | Jun 2, 2017 | M | 6,000 | D | — | Mar 23, 2025 | EPAM Common Stock | 6,000 | 6,000 | D |
| Employee Stock Option (right to buy)F7 | $70.52 | Jun 2, 2017 | M | 2,052 | D | — | Mar 25, 2026 | EPAM Common Stock | 2,052 | 6,153 | D |
Explanation of responses
- F1The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $83.89 to $85.92, 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.
- F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $85.51 to $86.80, 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, representing a right to purchase a total of 9,100 shares, became exercisable as to 25% of the shares on each of March 19, 2013, 2014, 2015 and 2016.
- F4The option, representing a right to purchase a total of 13,000 shares, became exercisable as to 25% of the shares on each of April 12, 2014, 2015, 2016 and 2017.
- F5The option, representing a right to purchase a total of 15,000 shares, became exercisable as to 25% of the shares on March 31, 2015, 2016 and 2017, and will become exercisable as to 25% of the shares on March 31, 2018.
- F6The option, representing the right to purchase a total of 12,000 shares, became exercisable as to 25% of the shares on March 23, 2016 and 2017, and will become exercisable as to 25% of the shares on each of March 23, 2018 and 2019.
- F7The option, representing a right to purchase a total of 8,205 shares, became exercisable as to 25% of the shares on March 25, 2017, and will become exercisable as to 25% of the shares on each of March 25, 2018, 2019 and 2020.