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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1052054	Evolving Systems Inc	EVOL	Services-Computer Programming Services (7371)	841010843

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1185765	R Brian Ervine	C/O Evolving Systems, Inc. 9777 Pyramid Court, Suite 100 Englewood CO 80112	E.v.p. And C.f.o.	No	Yes	No	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock	Acquisiton	2009-12-31	174	$0.00	30,702	No	5	J	Direct
Common Stock	Acquisiton	2011-05-27	8,287	$2.64	38,989	No	4	M	Direct
Common Stock	Disposition	2011-05-27	8,287	$7.00	30,702	No	4	S	Direct
Common Stock	Acquisiton	2011-05-27	2,800	$1.50	33,502	No	4	M	Direct
Common Stock	Disposition	2011-05-27	2,800	$7.00	30,702	No	4	S	Direct
Common Stock	Acquisiton	2011-06-01	9,700	$1.50	40,402	No	4	M	Direct
Common Stock	Disposition	2011-06-01	9,700	$7.00	30,702	No	4	S	Direct
Common Stock	Acquisiton	2011-06-01	11,862	$1.90	42,564	No	4	M	Direct
Common Stock	Disposition	2011-06-01	11,862	$7.00	30,702	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	5	J	Direct
No	4	M	Direct
No	4	S	Direct
No	4	M	Direct
No	4	S	Direct
No	4	M	Direct
No	4	S	Direct
No	4	M	Direct
No	4	S	Direct

Reported Derivative Transactions

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock (Direct)	Employee Stock Option (right to buy)	Disposition	2011-05-27	8,287	$0.00	8,287	$2.64
Common Stock (Direct)	Employee Stock Option (right to buy)	Disposition	2011-05-27	2,800	$0.00	2,800	$1.50
Common Stock (Direct)	Employee Stock Option (right to buy)	Disposition	2011-06-01	9,700	$0.00	9,700	$1.50
Common Stock (Direct)	Incentive Stock Option (right to buy)	Disposition	2011-06-01	11,862	$0.00	11,862	$1.90

Remaning Holdings	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0	2012-01-06	No	4	M	Direct
9,700	2012-02-27	No	4	M	Direct
0	2012-02-27	No	4	M	Direct
31,588	2013-01-05	No	4	M	Direct

Footnotes

Shares purchased in the Evolving Systems, Inc. Employee Stock Purchase Plan through regular payroll contributions. The purchase price of stock acquired pursuant to rights granted under the Plan is the lesser of: An amount equal to eighty-five percent (85%) of the fair market value of the stock on the Offering Date (October 1, 2009); or an amount equal to eighty-five percent (85%) of the fair market value of the stock on the Purchase Date (December 31, 2009). The purchase price of these shares was $5.31 per share. This report is being filed voluntarily as the transaction is exempt from Section 16 reporting under Rule 16b-3(c).
The exercise and sale of the shares reported in this Form 4 were effected pursuant to a selling plan dated May 25, 2011 that is intended to comply with Rule 10b5-1(c). An 8-K announcing the selling plan was filed with the SEC on May 26, 2011.
This award of stock was fully vested as of January 7, 2006.
This award of stock was fully vested as of January 6, 2007.
Options are granted without payment of consideration.