SEC Form 4 · accession 0001538843-17-000012
EPAM Systems, Inc. · EPAM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Arkadiy Dobkin
Officer — CEO, President, Chairman · Director
Period of report
Mar 31, 2017
Accepted (ET)
Apr 4, 2017 · 5:09 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 StockF1 | Mar 31, 2017 | F | 1,260 | $75.52 | D | 2,170,164 | D | |
| EPAM Common Stock | Apr 3, 2017 | S | 5,000 | $75.0725 | D | 2,165,164 | D | |
| EPAM Common StockF3 | holding | — | — | — | 513,400 | I | See footnote |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1These shares were withheld by the Issuer to satisfy the tax withholding requirement arising from the vesting of restricted stock units granted to the reporting person under the Issuer's Long Term Incentive Plan.
- F2The sale reported in this Form 4 was effected pursuant to a Rule 10b5-1 trading plan.
- F3These shares are held by the Arkadiy Dobkin GST Exempt Grantor Trust for the benefit of the reporting person's children. The reporting person's spouse is trustee of the trust. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the filing of this report should not be deemed an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.