Home > Insider Trading > Filing (0001209191-14-072695)

Filing Details

Accession Number:: 0001209191-14-072695
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2014-12-03 15:10:48
Reporting Period:: 2014-12-01

Filing Date:: 2014-12-03
Accepted Time:: 2014-12-03 15:10:48
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1058290	Cognizant Technology Solutions Corp	CTSH	Services-Computer Programming Services (7371)	133728359

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1541806	Malcolm Frank	Cognizant Technology Solutions Corp. 500 Frank W. Burr Blvd. Teaneck NJ 07666	Exec. Vp, Strategy & Marketing	No	Yes	No	No

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Class A Common Stock	Acquisiton	2014-12-01	4,452	$0.00	6,571	No	4	M	Direct
Class A Common Stock	Disposition	2014-12-01	2,359	$54.05	4,212	No	4	F	Direct
Class A Common Stock	Disposition	2014-12-02	2,093	$54.41	2,119	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	M	Direct
No	4	F	Direct
No	4	S	Direct

Reported Derivative Transactions

Show Other Fields >>

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Class A Common Stock	Restricted Stock Units	Disposition	2014-12-01	4,452	$0.00	4,452	$0.00
Class A Common Stock	Restricted Stock Units	Acquisiton	2014-12-01	16,506	$0.00	16,506	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0	2014-12-01	2014-12-01	No	4	M	Direct
16,506			No	4	A	Direct

Footnotes

Represents the number of shares of Class A Common Stock received from the vesting of 1/2 of the vested performance-based restricted stock units previously granted to the reporting person under the Cognizant Technology Solutions Corporation 2009 Incentive Compensation Plan on November 28, 2011.
Represents the portion of shares of Class A Common Stock that the Company determined to settle in cash to pay applicable tax withholding.
Such shares were sold pursuant to a Rule 10b5-1 Sales Plan.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $54.30 to $54.50. The reporting person undertakes to provide to Cognizant Technology Solutions Corporation, any security holder of Cognizant Technology Solutions Corporation, 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.
Each restricted stock unit represents a contingent right to receive one share of the Company's Class A Common Stock.
The performance-based restricted stock units were granted on November 28, 2011 under the Cognizant Technology Solutions Corporation 2009 Incentive Compensation Plan. In accordance with the performance-based restricted stock unit award, 1/2 of the vested performance-based restricted stock units were issuable on June 3, 2013, provided that the reporting person remained in the Company's service through such date. The remaining 1/2 of the vested performance-based restricted stock units were issuable on December 1, 2014, provided that the reporting person remained in the Company's service through such date.
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.