KRISHNASWAMY VENKAT 4
4 · COGNIZANT TECHNOLOGY SOLUTIONS CORP · Filed Jan 3, 2019
Insider Transaction Report
Form 4
KRISHNASWAMY VENKAT
EVP, Pres Healthcare & Life Sc
Transactions
- Exercise/Conversion
Class A Common Stock
2019-01-01+7,080→ 13,174 total - Tax Payment
Class A Common Stock
2019-01-01$63.48/sh−2,078$131,911→ 11,096 total - Exercise/Conversion
Restricted Stock Units
2019-01-01−7,080→ 0 totalExercise: $0.00From: 2019-01-01Exp: 2019-01-01→ Class A Common Stock (7,080 underlying)
Footnotes (4)
- [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 ("PSU") award granted to the reporting person under the Cognizant Technology Solutions Corporation 2009 Incentive Compensation Plan on February 16, 2016.
- [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]Each restricted stock unit represents a contingent right to receive one share of the Company's Class A Common Stock.
- [F4]The PSUs were granted on February 16, 2016 under the Cognizant Technology Solutions Corporation 2009 Incentive Compensation Plan. In accordance with the PSU award agreement, 1/3rd of the PSUs were vested and issuable on July 1, 2018, provided that the reporting person remained in the Company's service through such date. The remaining 2/3rds of the PSUs were vested and issuable on January 1, 2019, provided that the reporting person remained in the Company's service through such date.