Mehta Rajeev 4

Accession 0001209191-18-060977

CIK 0001058290other

View on SEC.gov Company Profile

Filed

Dec 3, 7:00 PM ET

Accepted

Dec 4, 5:32 PM ET

Size

30.1 KB

Accession

0001209191-18-060977

Insider Transaction Report

Form 4

Period: 2018-11-30

COGNIZANT TECHNOLOGY SOLUTIONS CORPCTSH

Mehta Rajeev

COO, Global Client Services

Transactions

Exercise/Conversion
Restricted Stock Units
2018-11-30−13,723→ 0 total
Exercise: $0.00From: 2018-11-30Exp: 2018-11-30→ Class A Common Stock (13,723 underlying)
Exercise/Conversion
Restricted Stock Units
2018-12-01−2,310→ 20,790 total
Exercise: $0.00From: 2018-12-01Exp: 2018-12-01→ Class A Common Stock (2,310 underlying)
Exercise/Conversion
Restricted Stock Units
2018-12-02−3,525→ 17,627 total
Exercise: $0.00From: 2018-12-02Exp: 2018-12-02→ Class A Common Stock (3,525 underlying)
Tax Payment
Class A Common Stock
2018-12-02$71.23/sh−1,350$96,161→ 24,791 total
Exercise/Conversion
Class A Common Stock
2018-12-01+2,418→ 22,130 total
Exercise/Conversion
Class A Common Stock
2018-12-01+2,310→ 23,514 total
Exercise/Conversion
Class A Common Stock
2018-11-30+13,723→ 24,966 total
Tax Payment
Class A Common Stock
2018-12-01$71.23/sh−926$65,959→ 21,204 total
Exercise/Conversion
Restricted Stock Units
2018-12-01−2,418→ 0 total
Exercise: $0.00From: 2018-12-01Exp: 2018-12-01→ Class A Common Stock (2,418 underlying)
Exercise/Conversion
Class A Common Stock
2018-12-02+3,525→ 26,141 total
Tax Payment
Class A Common Stock
2018-11-30$71.23/sh−5,254$374,242→ 19,712 total
Tax Payment
Class A Common Stock
2018-12-01$71.23/sh−898$63,965→ 22,616 total

Holdings

Class A Common Stock
(indirect: By Trust)
1,860
Class A Common Stock
(indirect: By Trust)
28,663

Footnotes (10)

[F1]Represents the number of shares of Class A Common Stock of Cognizant Technology Solutions Corporation (the "Company") received from the vesting of 2/3rds of the performance-based restricted stock unit award granted to the reporting person under the Cognizant Technology Solutions Corporation 2009 Incentive Compensation Plan on November 30, 2015.
[F10]The restricted stock units were granted on March 2, 2017 under the Cognizant Technology Solutions Corporation 2009 Incentive Compensation Plan and were originally scheduled to vest in quarterly installments over three years, commencing on June 2, 2017, with 1/12th of the stock units vesting on each quarterly vesting date. However, pursuant to a letter agreement entered into between the Company and Mr. Mehta on June 12, 2018, the vesting of the restricted stock units will be fully accelerated as of May 1, 2019, subject to Mr. Mehta's continued employment with the Company through this date.
[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 1/12th of the restricted stock unit award granted on November 30, 2015.
[F4]Shares of the Company's Class A Common Stock received from the vesting of 1/12 of the restricted stock unit award granted on February 26, 2018.
[F5]Shares of the Company's Class A Common Stock received from the vesting of 1/12th of the restricted stock unit award granted on March 2, 2017.
[F6]Each restricted stock unit represents a contingent right to receive one share of the Company's Class A Common Stock.
[F7]The performance-based restricted stock units were granted on November 30, 2015 under the Cognizant Technology Solutions Corporation 2009 Incentive Compensation Plan. In accordance with the performance-based restricted stock unit award agreement, 1/3rd of the performance-based restricted stock units were vested and issuable on May 31, 2017, provided the reporting person remained in the Company's service through such date. The remaining 2/3rds of the performance-based restricted stock units were vested and issuable on November 30, 2018, provided that the reporting person remained in the Company's service through such date.
[F8]The restricted stock units were granted on November 30, 2015 under the Cognizant Technology Solutions Corporation 2009 Incentive Compensation Plan and vested 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 would be fully vested on the twelfth quarterly vesting date. The stock units were fully vested on December 1, 2018.
[F9]The restricted stock units were granted on February 26, 2018 under the Cognizant Technology Solutions Corporation 2017 Incentive Award Plan and were originally scheduled to vest in quarterly installments over three years, commencing on June 1, 2018, with 1/12th of the stock units vesting on each quarterly vesting date. However, pursuant to a letter agreement entered into between the Company and Mr. Mehta on June 12, 2018, the vesting of the restricted stock units will be fully accelerated as of May 1, 2019, subject to Mr. Mehta's continued employment with the Company through this date.

Documents

1 file

4
doc4.xmlPrimary
FORM 4 SUBMISSION

Issuer

COGNIZANT TECHNOLOGY SOLUTIONS CORP

CIK 0001058290

→

Entity typeother

Related Parties

filerCIK 0001371378

Filing Metadata

Form type: 4
Filed: Dec 3, 7:00 PM ET
Accepted: Dec 4, 5:32 PM ET
Size: 30.1 KB

View on SEC.gov