SEC Form 4 · accession 0001662857-18-000006
EPAM Systems, Inc. · EPAM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Elaina Shekhter
Officer — SVP, Chief Marketing Officer
Period of report
May 22, 2018
Accepted (ET)
May 23, 2018 · 5:27 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 | May 22, 2018 | M | 6,154 | $70.52 | A | 18,186 | D | |
| EPAM Common Stock | May 22, 2018 | M | 2,970 | $73.27 | A | 21,156 | D | |
| EPAM Common StockF1 | May 22, 2018 | S | 6,700 | $123.9762 | D | 14,456 | 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)F2 | $70.52 | May 22, 2018 | M | 6,154 | D | — | Mar 25, 2026 | EPAM Common Stock | 6,154 | 6,154 | D |
| Employee Stock Option (right to buy)F3 | $73.27 | May 22, 2018 | M | 2,970 | D | — | Mar 24, 2027 | EPAM Common Stock | 2,970 | 8,908 | 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 $123.42 to $124.4, 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 option became exercisable as to 25% of the shares on each of March 25, 2017 and 2018, and will become exercisable as to 25% of the shares on each of March 25, 2019 and 2020.
- F3The option became exercisable as to 25% of the shares on March 24, 2018 and will become exercisable as to 25% of the shares on each of March 24, 2019, 2020, and 2021.