SEC Form 4 · accession 0001732130-18-000008
EPAM Systems, Inc. · EPAM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jason Harman
Officer — SVP/Co-Head of Global Business
Period of report
Jun 15, 2018
Accepted (ET)
Jun 18, 2018 · 10:18 am 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 15, 2018 | M | 3,750 | $32.08 | A | 14,578 | D | |
| EPAM Common Stock | Jun 15, 2018 | M | 3,750 | $61.38 | A | 18,328 | D | |
| EPAM Common Stock | Jun 15, 2018 | M | 2,500 | $70.52 | A | 20,828 | D | |
| EPAM Common StockF1 | Jun 15, 2018 | S | 11,932 | $123.8064 | D | 8,896 | 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 | $32.08 | Jun 15, 2018 | M | 3,750 | D | — | Mar 31, 2024 | EPAM Common Stock | 3,750 | 0 | D |
| Employee Stock Option (right to buy)F3 | $61.38 | Jun 15, 2018 | M | 3,750 | D | — | Mar 23, 2025 | EPAM Common Stock | 3,750 | 3,750 | D |
| Employee Stock Option (right to buy)F4 | $70.52 | Jun 15, 2018 | M | 2,500 | D | — | Mar 25, 2026 | EPAM Common Stock | 2,500 | 6,731 | 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 $123.58 to $124.155, 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, representing a right to purchase a total of 15,000 shares, became exercisable as to 25% of the shares on each of March 31, 2015, 2016, 2017 and 2018.
- F3The option, representing a right to purchase a total of 15,000 shares, became exercisable as to 25% of the shares on each of March 23, 2016, 2017 and 2018, and will become exercisable as to 25% of the shares on March 23, 2019.
- F4The option, representing a right to purchase a total of 12,308 shares, became exercisable as to 25% of the shares on March 25, 2017 and 2018, and will become exercisable as to 25% of the shares on each of March 25, 2019 and 2020.