SEC Form 4 · accession 0001732239-18-000008
EPAM Systems, Inc. · EPAM
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Viktar Dvorkin
Officer — SVP/Head of Global Delivery
Period of report
Aug 31, 2018
Accepted (ET)
Sep 4, 2018 · 4:49 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 | Aug 31, 2018 | M | 11,200 | $16.80 | A | 29,258 | D | |
| EPAM Common Stock | Aug 31, 2018 | M | 8,800 | $23.04 | A | 38,058 | D | |
| EPAM Common StockF1 | Aug 31, 2018 | S | 20,000 | $142.98 | D | 18,058 | 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 | $16.80 | Aug 31, 2018 | M | 11,200 | A | — | Mar 19, 2022 | EPAM Common Stock | 11,200 | 22,400 | D |
| Employee Stock Option (right to buy)F3 | $23.04 | Aug 31, 2018 | M | 8,800 | A | — | May 24, 2023 | EPAM Common Stock | 8,800 | 24,800 | 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 $142.52 to $143.54, 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 19, 2013, 2014, 2015 and 2016.
- F3The option became exercisable as to 25% of the shares on each of May 24, 2014, 2015, 2016 and 2017.