COGNIZANT TECHNOLOGY SOLUTIONS CORP 4
4 · COGNIZANT TECHNOLOGY SOLUTIONS CORP · Filed Sep 6, 2016
Insider Transaction Report
Form 4
Schwartz Steven
Sr VP, General Counsel & Secr.
Transactions
- Tax Payment
Class A Common Stock
2016-09-01$57.59/sh−505$29,083→ 1,147 total - Exercise/Conversion
Restricted Stock Units
2016-09-01−1,036→ 9,326 totalExercise: $0.00From: 2016-09-01Exp: 2016-09-01→ Class A Common Stock (1,036 underlying) - Exercise/Conversion
Class A Common Stock
2016-09-01+1,202→ 1,202 total - Exercise/Conversion
Class A Common Stock
2016-09-01+1,036→ 1,652 total - Exercise/Conversion
Restricted Stock Units
2016-09-01−1,202→ 6,010 totalExercise: $0.00From: 2016-09-01Exp: 2016-09-01→ Class A Common Stock (1,202 underlying) - Tax Payment
Class A Common Stock
2016-09-01$57.59/sh−586$33,748→ 616 total
Footnotes (6)
- [F1]Shares of the Company's Class A Common Stock received from the vesting of 1/12 of the restricted stock unit award granted on December 1, 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 1/12 of the restricted stock unit award granted on November 30, 2015.
- [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 December 1, 2014 under the Cognizant Technology Solutions Corporation 2009 Incentive Compensation Plan and vest in quarterly installments over three years, with 1/12th of the stock units vesting on each quarterly vesting date so that the stock units will be fully vested on the twelfth quarterly vesting date. The stock units will be fully vested on December 1, 2017.
- [F6]The restricted stock units were granted on November 30, 2015 under the Cognizant Technology Solutions Corporation 2009 Incentive Compensation Plan and vest in quarterly installments over three years, commencing on March 1, 2016, with 1/12th of the stock units vesting on each quarterly vesting date so that the stock units will be fully vested on the twelfth quarterly vesting date. The stock units will be fully vested on December 1, 2018.