COGNIZANT TECHNOLOGY SOLUTIONS CORP 4
4 · COGNIZANT TECHNOLOGY SOLUTIONS CORP · Filed Jun 7, 2016
Insider Transaction Report
Form 4
NARAYANAN LAKSHMI
DirectorVice Chairman
Transactions
- Exercise/Conversion
Class A Common Stock
2016-06-04+1,028→ 88,268 total - Exercise/Conversion
Class A Common Stock
2016-06-03+687→ 87,453 total - Exercise/Conversion
Restricted Stock Units
2016-06-04−1,028→ 0 totalExercise: $0.00From: 2016-06-04Exp: 2016-06-04→ Class A Common Stock (1,028 underlying) - Tax Payment
Class A Common Stock
2016-06-03$60.72/sh−213$12,933→ 87,240 total - Tax Payment
Class A Common Stock
2016-06-04$60.12/sh−318$19,118→ 87,950 total - Exercise/Conversion
Restricted Stock Units
2016-06-03−687→ 687 totalExercise: $0.00From: 2016-06-03Exp: 2016-06-03→ Class A Common Stock (687 underlying)
Footnotes (6)
- [F1]Shares of the Company's Class A Common Stock received from the vesting of 1/3 of the restricted stock unit award granted on June 3, 2014.
- [F2]Represents the portion of shares of Class A Common Stock that the Company determined to settle in cash to pay applicable tax withholding.
- [F3]Shares of the Company's Class A Common Stock received from the vesting of 1/3 of the restricted stock unit award granted on June 4, 2013.
- [F4]Each restricted stock unit represents a contingent right to receive one share of the Company's Class A Common Stock.
- [F5]The restricted stock units were granted on June 3, 2014 and vest in three equal annual installments over three years, with 1/3rd of the stock units vesting on each annual vesting date so that the stock units will be fully vested on June 3, 2017.
- [F6]The restricted stock units were granted on June 4, 2013 and vest in three equal annual installments over three years, with 1/3rd of the stock units vesting on each annual vesting date so that the stock units were fully vested on June 4, 2016.