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Filing Details

Accession Number:: 0001209191-17-018195
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2017-03-06 13:46:32
Reporting Period:: 2017-03-02

Filing Date:: 2017-03-06
Accepted Time:: 2017-03-06 13:46:32
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
1684762	Allen Shaheen	C/O Cognizant Technology Solutions Corp. 500 Frank W. Burr Blvd. Teaneck NJ 07666	Evp Corporate Development	No	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Class A Common Stock	Disposition	2017-03-03	2,305	$59.86	0	No	4	S	Direct

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

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Class A Common Stock	Restricted Stock Units	Acquisiton	2017-03-02	2,731	$0.00	2,731	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
2,731			No	4	A	Direct

Footnotes

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 $59.84 to $59.87. 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.
Represents the total number of performance-based restricted stock units which vested based upon attainment by the Company of certain performance milestones, as determined by the Company's compensation committee on March 2, 2017 based upon the audited financials for the 2016 fiscal year. The performance-based restricted stock units were granted on February 16, 2016 under the Cognizant Technology Solutions 2009 Incentive Compensation Plan. In accordance with the performance-based restricted stock unit award, the vested performance-based restricted stock units shall be issued on June 1, 2017, provided the reporting person remains in the Company's service through such date. (Continued in the next footnote.)
(Continued from the previous footnote.) Each performance-based restricted stock unit represents a contingent right to receive one share of the Company's Class A Common Stock. The reporting person will disclose the receipt of shares of the Company's Class A Common Stock underlying the performance-based restricted stock units on Table I of Form 4, if and when such reporting person satisfies the aforementioned service-based conditions.