Sec Form 4 Filing - Siegmund Jan @ COGNIZANT TECHNOLOGY SOLUTIONS CORP - 2022-03-01

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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
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Siegmund Jan
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)
Chief Financial Officer
(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/YY)
03/01/2022
(Street)
TEANECK, NJ07666
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction 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 03/01/2022 M 1,867( 1 ) A 29,861 D
Class A Common Stock 03/01/2022 F 734( 3 ) D $ 85.8 29,127 D
Class A Common Stock 03/01/2022 M 5,599( 4 ) A 34,726 D
Class A Common Stock 03/01/2022 F 2,200( 3 ) D $ 85.8 32,526 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Units ( 2 ) 03/01/2022 M 1,867 ( 5 ) ( 5 ) Class A Common Stock 1,867 $ 0 11,199 D
Restricted Stock Units ( 2 ) 03/01/2022 M 5,599 ( 6 ) ( 6 ) Class A Common Stock 5,599 $ 0 11,201 D
Restricted Stock Units ( 2 ) 03/01/2022 A 26,223 ( 7 ) ( 7 ) Class A Common Stock 26,223 $ 0 26,223 D
Restricted Stock Units ( 2 ) 03/01/2022 A 4,662 ( 8 ) ( 8 ) Class A Common Stock 4,662 $ 0 4,662 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Siegmund Jan
C/O COGNIZANT TECHNOLOGY SOLUTIONS CORP.
300 FRANK W. BURR BLVD., STE. 36, 6 FL.
TEANECK, NJ07666
Chief Financial Officer
Signatures
/s/ Udele Lin, on behalf of Jan Siegmund, by Power of Attorney 03/03/2022
Signature of Reporting Person Date
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 grated on September 1, 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 the Company's Class A Common Stock received from the vesting of 2/3rds of 1/6th of the RSU award granted on September 1, 2020
( 5 )The RSUs were granted on September 1, 2020 under the Company's 2017 Incentive Award Plan and will vest in quarterly installments over three years, commencing on December 1, 2020, 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 September 1, 2023.
( 6 )The RSUs were granted on September 1, 2020 under the Company's 2017 Incentive Award Plan and will vest in ten successive quarterly installments, commencing on December 1, 2020, with (i) 1/6th of the RSUs vesting on each of the first two vesting dates; (ii) 2/3rds of 1/6th of the RSUs vesting on each of the four successive vesting dates; (iii) 1/3rd of 1/6th of the RSUs vesting on each of the next three successive vesting dates; and (iv) the remainder of the RSUs vesting on the tenth vesting date. The RSUs will be fully vested on March 1, 2023.
( 7 )The RSUs were granted on March 1, 2022 under the Company's 2017 Incentive Award Plan and will vest in quarterly installments over three years, commencing on June 1, 2022, 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 March 1, 2025.
( 8 )The RSUs were granted on March 1, 2022 under the Company's 2017 Incentive Award Plan and will vest in twelve successive quarterly installments, commencing on June 1, 2022, with (i) 1/8th of the RSUs vesting on each of the first four vesting dates; (ii) 2/3rds of 1/8th of the RSUs vesting on each of the four successive vesting dates; (iii) 1/3rd of 1/8th of the RSUs vesting on each of the next three successive vesting dates; and (iv) the remainder of the RSUs vesting on the twelfth vesting date. The RSUs will be fully vested on March 1, 2025.

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