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CTSH Cognizant Technology Solutions Corporation

66.94
0.18 (0.27%)
27 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Cognizant Technology Solutions Corporation NASDAQ:CTSH NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.18 0.27% 66.94 65.89 72.55 67.20 66.45 66.45 2,818,907 05:00:05

Statement of Changes in Beneficial Ownership (4)

16/09/2021 10:41pm

Edgar (US Regulatory)


FORM 4 [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response...
0.5                       
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Morgenstern Ursula
2. Issuer Name and Ticker or Trading Symbol

COGNIZANT TECHNOLOGY SOLUTIONS CORP [ CTSH ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                    _____ 10% Owner
__X__ Officer (give title below)    _____ Other (specify below)
President, Global Markets
(Last)          (First)          (Middle)

C/O COGNIZANT TECHNOLOGY SOLUTIONS CORP., 300 FRANK W. BURR BLVD., STE. 36, 6 FL.
3. Date of Earliest Transaction (MM/DD/YYYY)

9/14/2021
(Street)

TEANECK, NJ 07666
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Class A Common Stock 9/14/2021  M  1052 (1)A (2)6189 D  
Class A Common Stock 9/14/2021  F  490 (3)D$75.68 5699 D  
Class A Common Stock 9/14/2021  M  2105 (4)A (2)7804 D  
Class A Common Stock 9/14/2021  F  979 (3)D$75.68 6825 D  

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security3. Trans. Date3A. Deemed Execution Date, if any4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units  (2)9/14/2021  M     1052   (5) (5)Class A Common Stock 1052.0 $0 9471 D  
Restricted Stock Units  (2)9/14/2021  M     2105   (6) (6)Class A Common Stock 2105.0 $0 8417 D  

Explanation of Responses:
(1) Shares of Class A Common Stock of Cognizant Technology Solutions Corporation (the "Company") received from the vesting of 1/12th of the restricted stock unit ("RSU") award granted on December 14, 2020.
(2) Each RSU represents a contingent right to receive one share of the Company's Class A Common Stock.
(3) Shares of the Company's Class A Common Stock withheld to pay applicable taxes.
(4) Shares of Class A Common Stock of the Company received from the vesting of 2/3rds of 1/5th of the RSU award granted on December 14, 2020.
(5) The RSUs were granted on December 14, 2020 under the Cognizant Technology Solutions Corporation 2017 Incentive Award Plan and will vest in quarterly installments over three years, commencing on March 14, 2021, with 1/12th of the RSUs vesting on each quarterly vesting date so that the RSUs will be fully vested on the twelfth quarterly vesting date. The RSUs will be fully vested on December 14, 2023.
(6) The RSUs were granted on December 14, 2020 under the Cognizant Technology Solutions Corporation 2017 Incentive Award Plan and will vest in nine successive quarterly installments, commencing on March 14, 2021, with (i) 1/5th of the RSUs vesting on the first vesting date; (ii) 2/3rds of 1/5th of the RSUs vesting on each of the four successive vesting dates; and (iii) 1/3rd of 1/5th of the RSUs vesting on each of the next four successive vesting dates. The RSUs will be fully vested on March 14, 2023.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
Morgenstern Ursula
C/O COGNIZANT TECHNOLOGY SOLUTIONS CORP.
300 FRANK W. BURR BLVD., STE. 36, 6 FL.
TEANECK, NJ 07666


President, Global Markets

Signatures
/s/ Harry Demas, on behalf of Ursula Morgenstern, by Power of Attorney9/16/2021
**Signature of Reporting PersonDate

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