SEC Form 4 · accession 0001684907-19-000001
EPAM Systems, Inc. · EPAM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Boris Shnayder
Officer — SVP/Co-Head of Global Business
Period of report
Feb 25, 2019
Accepted (ET)
Feb 25, 2019 · 3:48 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 | Feb 25, 2019 | M | 15,000 | $74.11 | A | 37,508 | D | |
| EPAM Common StockF1 | Feb 25, 2019 | S | 15,000 | $159.90 | D | 22,508 | 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 | $74.11 | Feb 25, 2019 | M | 15,000 | A | — | Jul 31, 2025 | EPAM Common Stock | 15,000 | 75,000 | 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 $159.00 to $160.14, inclusive. The reporting person undertakes to provide 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 the Form 4.
- F2The option, representing a right to purchase 60,000 shares, became exercisable as to 25% of the shares on each of July 31, 2016, 2017, 2018 and 2019.