<SEC-DOCUMENT>0001352010-14-000011.txt : 20140402
<SEC-HEADER>0001352010-14-000011.hdr.sgml : 20140402
<ACCEPTANCE-DATETIME>20140402163529
ACCESSION NUMBER:		0001352010-14-000011
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20140327
ITEM INFORMATION:		Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
FILED AS OF DATE:		20140402
DATE AS OF CHANGE:		20140402

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			EPAM Systems, Inc.
		CENTRAL INDEX KEY:			0001352010
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-COMPUTER PROGRAMMING SERVICES [7371]
		IRS NUMBER:				223536104
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-35418
		FILM NUMBER:		14738581

	BUSINESS ADDRESS:	
		STREET 1:		41 UNIVERSITY DRIVE
		STREET 2:		SUITE 202
		CITY:			NEWTOWN
		STATE:			PA
		ZIP:			18940
		BUSINESS PHONE:		(267) 759-9000

	MAIL ADDRESS:	
		STREET 1:		41 UNIVERSITY DRIVE
		STREET 2:		SUITE 202
		CITY:			NEWTOWN
		STATE:			PA
		ZIP:			18940

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	EPAM SYSTEMS INC
		DATE OF NAME CHANGE:	20060202
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>form8k.htm
<DESCRIPTION>FORM 8-K
<TEXT>
<html>
<head>
<title></title>
<!--Licensed to: EPAM Systems, Inc.
    Document created using Disclosure Solutions PROFILE 2.5.1.0
    Copyright 1995 - 2014 Thomson Reuters Accelus.  All rights reserved.-->
</head>
<body style="FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt">
<div>
<hr style="BORDER-BOTTOM: black 1px solid; BACKGROUND-COLOR: #ffffff; HEIGHT: 10px; COLOR: #ffffff; BORDER-TOP: black 4px solid">
<br>
</div>

<div style="TEXT-ALIGN: center; MARGIN-TOP: 6pt; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 18pt; FONT-WEIGHT: bold">UNITED STATES<font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 18pt"><br>
</font> SECURITIES AND EXCHANGE COMMISSION</div>

<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 13pt; FONT-WEIGHT: bold">Washington, D.C. 20549</div>

<div style="MARGIN-TOP: 9pt">
<table style="WIDTH: 15%; FONT-FAMILY: 'Times New Roman', Times, Serif; FONT-SIZE: 10pt" border="0" cellspacing="0" cellpadding="0" align="center">
<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; WIDTH: 10%">
<div>&#160;</div>
</td>
</tr>
</table>

<br>
</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: 'Times New Roman', Times, serif; COLOR: #000000; FONT-SIZE: 10pt; FONT-WEIGHT: normal">&#160;</div>

<div style="TEXT-ALIGN: center; MARGIN-TOP: 3pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 6pt; COLOR: #000000; FONT-SIZE: 18pt; FONT-WEIGHT: bold">FORM 8-K</div>

<div style="MARGIN-TOP: 9pt; MARGIN-BOTTOM: 3pt">
<table style="WIDTH: 15%; FONT-FAMILY: 'Times New Roman', Times, Serif; FONT-SIZE: 10pt" border="0" cellspacing="0" cellpadding="0" align="center">
<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; WIDTH: 10%">
<div>&#160;</div>
</td>
</tr>
</table>

<br>
</div>

<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 10pt; COLOR: #000000; FONT-SIZE: 12pt; FONT-WEIGHT: bold">CURRENT REPORT</div>

<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 10pt; COLOR: #000000; FONT-SIZE: 12pt; FONT-WEIGHT: bold"><font style="FONT-SIZE: 10pt">Pursuant to Section 13 or 15(d) of the</font><font style="FONT-FAMILY: Times New Roman; FONT-SIZE: 12pt"><br>
</font><font style="FONT-SIZE: 10pt">Securities Exchange Act of 1934</font></div>

<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 10pt; COLOR: #000000; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Date of report (Date of earliest event reported): March 27, 2014</div>

<div style="MARGIN-TOP: 9pt; MARGIN-BOTTOM: 6pt"><br>
</div>

<table style="WIDTH: 100%; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt" cellspacing="0" cellpadding="0">
<tr style="HEIGHT: 22px">
<td style="WIDTH: 100%; VERTICAL-ALIGN: top" colspan="3">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 16pt; FONT-WEIGHT: bold">EPAM SYSTEMS, INC.</div>
</td>
</tr>

<tr>
<td style="WIDTH: 100%; FONT-SIZE: 10pt; VERTICAL-ALIGN: top" colspan="3">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000">(Exact name of registrant as specified in its charter)</div>
</td>
</tr>

<tr>
<td style="WIDTH: 100%; VERTICAL-ALIGN: top" colspan="3">
<div>&#160;</div>
</td>
</tr>

<tr>
<td style="WIDTH: 33.33%; VERTICAL-ALIGN: top">
<div>&#160;</div>
</td>
<td style="WIDTH: 33.33%; VERTICAL-ALIGN: top">
<div>&#160;</div>
</td>
<td style="WIDTH: 33.33%; VERTICAL-ALIGN: top">
<div>&#160;</div>
</td>
</tr>

<tr>
<td style="WIDTH: 33.33%; VERTICAL-ALIGN: top">
<div>&#160;</div>
</td>
<td style="WIDTH: 33.33%; VERTICAL-ALIGN: top">
<div>&#160;</div>
</td>
<td style="WIDTH: 33.33%; VERTICAL-ALIGN: top">
<div>&#160;</div>
</td>
</tr>

<tr>
<td style="WIDTH: 100%; VERTICAL-ALIGN: top" colspan="3">
<div>&#160;</div>
</td>
</tr>

<tr>
<td style="WIDTH: 33.33%; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt; VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: center; COLOR: #000000; FONT-WEIGHT: bold">Delaware</div>
</td>
<td style="WIDTH: 33.33%; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt; VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: center; COLOR: #000000; FONT-WEIGHT: bold">1-35418</div>
</td>
<td style="WIDTH: 33.33%; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt; VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: center; COLOR: #000000; FONT-WEIGHT: bold">223536104</div>
</td>
</tr>

<tr>
<td style="WIDTH: 33.33%; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt; VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: center; COLOR: #000000">(State or other jurisdiction of incorporation)</div>
</td>
<td style="WIDTH: 33.33%; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt; VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: center; COLOR: #000000">(Commission File Number)</div>
</td>
<td style="WIDTH: 33.33%; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt; VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: center; COLOR: #000000">(IRS Employer Identification No.)</div>
</td>
</tr>

<tr>
<td style="WIDTH: 100%; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt; VERTICAL-ALIGN: top" colspan="3">
<div>&#160;</div>
</td>
</tr>

<tr>
<td style="WIDTH: 33.33%; VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: center; FONT-FAMILY: 'Times New Roman'; COLOR: #000000; FONT-SIZE: 10pt; FONT-WEIGHT: bold">41 University Drive,</div>

<div style="TEXT-ALIGN: center; FONT-FAMILY: 'Times New Roman'; COLOR: #000000; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Suite 202</div>

<div style="TEXT-ALIGN: center; FONT-FAMILY: 'Times New Roman'; COLOR: #000000; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Newtown, Pennsylvania</div>
</td>
<td style="WIDTH: 33.33%; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt; VERTICAL-ALIGN: top">
<div>&#160;</div>
</td>
<td style="WIDTH: 33.33%; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: center; COLOR: #000000; FONT-WEIGHT: bold">18940</div>
</td>
</tr>

<tr>
<td style="WIDTH: 33.33%; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt; VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: center; COLOR: #000000">(Address of principal executive offices)</div>
</td>
<td style="WIDTH: 33.33%; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt; VERTICAL-ALIGN: top">
<div>&#160;</div>
</td>
<td style="WIDTH: 33.33%; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt; VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: center; COLOR: #000000">(Zip Code)</div>
</td>
</tr>
</table>

<div style="FONT-FAMILY: 'Times New Roman'"><br>
</div>

<table style="WIDTH: 100%; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt" cellspacing="0" cellpadding="0">
<tr>
<td style="WIDTH: 100%; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt; VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: center; COLOR: #000000">Registrant&#8217;s telephone number, including area code: <font style="FONT-WEIGHT: bold">267-759-9000</font></div>
</td>
</tr>

<tr>
<td style="WIDTH: 100%; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt; VERTICAL-ALIGN: top">
<div>&#160;</div>
</td>
</tr>

<tr>
<td style="WIDTH: 100%; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt; VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: center; COLOR: #000000; FONT-WEIGHT: bold">Not Applicable</div>
</td>
</tr>

<tr>
<td style="WIDTH: 100%; FONT-FAMILY: 'Times New Roman'; FONT-SIZE: 10pt; VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: center; COLOR: #000000">(Former name or former address, if changed since last report)</div>
</td>
</tr>
</table>

<div style="FONT-SIZE: 10pt"><br>
</div>

<div style="MARGIN-TOP: 9pt; MARGIN-BOTTOM: 6pt; FONT-SIZE: 10pt"><br>
</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 10pt; COLOR: #000000; FONT-SIZE: 10pt">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</div>

<div style="TEXT-ALIGN: left; MARGIN-BOTTOM: 10pt; FONT-SIZE: 10pt"><font style="FONT-FAMILY: MS Gothic">&#9744;</font><font id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-FAMILY: Times New Roman; COLOR: #000000">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</font></div>

<div style="TEXT-ALIGN: left; MARGIN-BOTTOM: 10pt; FONT-SIZE: 10pt"><font style="FONT-FAMILY: MS Gothic">&#9744;</font><font id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-FAMILY: Times New Roman; COLOR: #000000"> Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</font></div>

<div style="TEXT-ALIGN: left; MARGIN-BOTTOM: 10pt; FONT-SIZE: 10pt"><font style="FONT-FAMILY: MS Gothic">&#9744;</font><font id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-FAMILY: Times New Roman; COLOR: #000000"> Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</font></div>

<div style="TEXT-ALIGN: left; MARGIN-BOTTOM: 16pt; FONT-SIZE: 10pt"><font style="FONT-FAMILY: MS Gothic">&#9744;</font><font id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-FAMILY: Times New Roman; COLOR: #000000"> Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</font></div>

<div style="MARGIN-BOTTOM: 10pt">&#160;</div>

<div style="MARGIN-BOTTOM: 10pt">&#160;</div>

<div style="MARGIN-BOTTOM: 10pt">&#160;</div>

<div style="MARGIN-BOTTOM: 10pt">&#160;</div>

<div style="MARGIN-BOTTOM: 10pt">
<hr style="BORDER-BOTTOM: black 4px solid; BACKGROUND-COLOR: #ffffff; HEIGHT: 10px; COLOR: #ffffff; BORDER-TOP: black 1px solid">
</div>

<div style="MARGIN-BOTTOM: 10pt">&#160;</div>

<div style="TEXT-ALIGN: left; MARGIN-BOTTOM: 10pt; FONT-SIZE: 10pt"><font style="FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-WEIGHT: bold">ITEM 5.02</font><font id="TRGRRTFtoHTMLTab">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</font><font style="FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-WEIGHT: bold">Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.</font></div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt">On March 27, 2014, the Board of Directors of EPAM Systems, Inc. (the &#8220;Company&#8221;) approved the following grants of options (&#8220;Stock Options&#8221;) to purchase shares of the Company&#8217;s common stock and restricted share units (&#8220;RSUs&#8221;) to the following named executive officers of the Company and the Company&#8217;s Chief Financial Officer pursuant to the EPAM Systems, Inc. 2012 Long-Term Incentive Plan (the &#8220;Plan&#8221;), effective as of March 31, 2014.</div>

<div style="FONT-SIZE: 10pt"><br>
</div>

<table style="WIDTH: 85%; FONT-FAMILY: 'Times New Roman', Times, serif; FONT-SIZE: 10pt" border="0" cellspacing="0" cellpadding="0" align="center">
<tr>
<td style="BORDER-BOTTOM: #000000 2px solid; TEXT-ALIGN: center; WIDTH: 40%; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom">
<div style="FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-WEIGHT: bold">Name and Principal Position</div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; WIDTH: 20%; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-WEIGHT: bold">Stock Options (#)</div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; WIDTH: 20%; VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Exercise Price of </div>

<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Stock Options ($)</div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; WIDTH: 20%; FONT-SIZE: 10pt; VERTICAL-ALIGN: bottom">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-WEIGHT: bold">RSUs (#)</div>
</td>
</tr>

<tr>
<td style="BACKGROUND-COLOR: #cceeff; WIDTH: 40%; VERTICAL-ALIGN: top; BORDER-TOP: #000000 0.5pt solid">
<div style="TEXT-ALIGN: left; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt">Arkadiy Dobkin,</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt">Chairman, Chief Executive Officer and President </div>
</td>
<td style="BACKGROUND-COLOR: #cceeff; WIDTH: 20%; FONT-SIZE: 10pt; VERTICAL-ALIGN: top; BORDER-TOP: #000000 0.5pt solid">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000">80,000</div>
</td>
<td style="BACKGROUND-COLOR: #cceeff; WIDTH: 20%; FONT-SIZE: 10pt; VERTICAL-ALIGN: top; BORDER-TOP: #000000 0.5pt solid">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000">32.08</div>
</td>
<td style="BACKGROUND-COLOR: #cceeff; WIDTH: 20%; FONT-SIZE: 10pt; VERTICAL-ALIGN: top; BORDER-TOP: #000000 0.5pt solid">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000">16,000</div>
</td>
</tr>

<tr>
<td style="BACKGROUND-COLOR: #ffffff; WIDTH: 40%; VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: left; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt">Anthony J.&#160;Conte,</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt">Vice President, Chief Financial Officer and&#160;Treasurer</div>
</td>
<td style="BACKGROUND-COLOR: #ffffff; WIDTH: 20%; FONT-SIZE: 10pt; VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000">20,000</div>
</td>
<td style="BACKGROUND-COLOR: #ffffff; WIDTH: 20%; FONT-SIZE: 10pt; VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000">32.08</div>
</td>
<td style="BACKGROUND-COLOR: #ffffff; WIDTH: 20%; FONT-SIZE: 10pt; VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000">4,000</div>
</td>
</tr>

<tr>
<td style="BACKGROUND-COLOR: #cceeff; WIDTH: 40%; VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: left; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt">Balazs Fejes,</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt">Senior Vice President, Global Head of Banking and Financial Services Business Unit</div>
</td>
<td style="BACKGROUND-COLOR: #cceeff; WIDTH: 20%; FONT-SIZE: 10pt; VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000">20,000</div>
</td>
<td style="BACKGROUND-COLOR: #cceeff; WIDTH: 20%; FONT-SIZE: 10pt; VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000">32.08</div>
</td>
<td style="BACKGROUND-COLOR: #cceeff; WIDTH: 20%; FONT-SIZE: 10pt; VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000">4,000</div>
</td>
</tr>

<tr>
<td style="BACKGROUND-COLOR: #ffffff; WIDTH: 40%; VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: left; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt">Karl Robb,</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt">Director, President of EU Operations and Executive Vice President</div>
</td>
<td style="BACKGROUND-COLOR: #ffffff; WIDTH: 20%; FONT-SIZE: 10pt; VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000">40,000</div>
</td>
<td style="BACKGROUND-COLOR: #ffffff; WIDTH: 20%; FONT-SIZE: 10pt; VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; COLOR: #000000">32.08</div>
</td>
<td style="TEXT-ALIGN: center; BACKGROUND-COLOR: #ffffff; WIDTH: 20%; FONT-SIZE: 10pt; VERTICAL-ALIGN: top">
<div style="FONT-FAMILY: Times New Roman; COLOR: #000000">8,000</div>
</td>
</tr>
</table>

<div style="FONT-SIZE: 10pt"><br>
</div>

<div style="FONT-SIZE: 10pt"><br>
</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt">The RSUs are generally scheduled to vest one-fourth on each of the first, second, third and fourth anniversaries of the grant date, subject to the terms of the Plan and applicable RSU award agreement, including the termination provisions. In the event of the participant&#8217;s termination of service for any reason, unvested RSUs are forfeited as of the date of such termination without any payment to the participant.</div>

<div style="FONT-SIZE: 10pt"><br>
</div>

<div style="TEXT-ALIGN: left; FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt">The Stock Options are generally scheduled to vest one-fourth on each of the first, second, third and fourth anniversaries of the grant date, subject to the terms of the Plan and applicable Stock Option award agreement, which are substantially similar to the terms contained in the Company&#8217;s Form of Senior Management Non-Qualified Stock Option Award Agreement, which has been previously filed with the U.S. Securities and Exchange Commission.</div>

<div><br>
</div>

<div><br>
</div>

<div><br>
</div>

<div style="MARGIN-TOP: 10pt; MARGIN-BOTTOM: 10pt; CLEAR: both" id="DSPFPageBreakArea">
<hr style="BORDER-RIGHT-WIDTH: 0px; BACKGROUND-COLOR: #000000; PAGE-BREAK-AFTER: always; MARGIN: 4px 0px; WIDTH: 100%; BORDER-TOP-WIDTH: 0px; BORDER-BOTTOM-WIDTH: 0px; HEIGHT: 2px; COLOR: #000000; CLEAR: both; BORDER-LEFT-WIDTH: 0px" id="DSPFPageBreak" noshade="noshade">
</div>

<div><br>
</div>

<div style="TEXT-ALIGN: center; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 10pt; COLOR: #000000; FONT-SIZE: 10pt; FONT-WEIGHT: bold">SIGNATURE</div>

<div style="TEXT-ALIGN: left; TEXT-INDENT: 18pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 10pt; COLOR: #000000; FONT-SIZE: 10pt">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.</div>

<div style="TEXT-ALIGN: left; TEXT-INDENT: 18pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 10pt; COLOR: #000000; FONT-SIZE: 10pt">&#160;</div>

<table style="WIDTH: auto; FONT-FAMILY: 'Times New Roman', Times, Serif; FONT-SIZE: 10pt" border="0" cellspacing="0" cellpadding="0" align="right">
<tr>
<td style="TEXT-ALIGN: left; WIDTH: 100%; VERTICAL-ALIGN: bottom" colspan="2">
<div style="FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt">EPAM SYSTEMS, INC.</div>

<div style="FONT-FAMILY: Times New Roman; COLOR: #000000; FONT-SIZE: 10pt">&#160;</div>
</td>
</tr>

<tr>
<td style="WIDTH: 15.16%; FONT-SIZE: 10pt; VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: left; FONT-FAMILY: Times New Roman; COLOR: #000000">By:</div>
</td>
<td style="BORDER-BOTTOM: #000000 2px solid; WIDTH: 84.84%; FONT-SIZE: 10pt; VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: left; FONT-FAMILY: Times New Roman; COLOR: #000000">/s/ Ginger Mosier</div>
</td>
</tr>

<tr>
<td style="WIDTH: 15.16%; FONT-SIZE: 10pt; VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: left; FONT-FAMILY: Times New Roman; COLOR: #000000">Name:</div>
</td>
<td style="WIDTH: 84.84%; FONT-SIZE: 10pt; VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: left; FONT-FAMILY: Times New Roman; COLOR: #000000">Ginger Mosier</div>
</td>
</tr>

<tr>
<td style="WIDTH: 15.16%; FONT-SIZE: 10pt; VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: left; FONT-FAMILY: Times New Roman; COLOR: #000000">Title:</div>
</td>
<td style="WIDTH: 84.84%; FONT-SIZE: 10pt; VERTICAL-ALIGN: top">
<div style="TEXT-ALIGN: left; FONT-FAMILY: Times New Roman; COLOR: #000000">Vice President, General Counsel and Corporate Secretary</div>
</td>
</tr>
</table>

<div style="CLEAR: both"><br>
</div>

<div><br>
</div>

<div><br>
</div>
</body>
</html>

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
