FORM 3
        
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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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 *

Yezhkov Sergey

2. Date of Event Requiring Statement (MM/DD/YYYY)
2/13/2018 

3. Issuer Name and Ticker or Trading Symbol

EPAM Systems, Inc. [EPAM]

(Last)        (First)        (Middle)

C/O EPAM SYSTEMS, INC., 41 UNIVERSITY DRIVE, SUITE 202

4. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                            _____ 10% Owner
___ X ___ Officer (give title below)          _____ Other (specify below)
SVP/Co-Head of Global Business /

(Street)

NEWTOWN, PA 18940       

(City)              (State)              (Zip)
5. 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 Beneficially Owned
1.Title of Security
(Instr. 4)
2. Amount of Securities Beneficially Owned
(Instr. 4)
3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
4. Nature of Indirect Beneficial Ownership
(Instr. 5)
EPAM Common Stock   10766   (1) D    

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 4)
2. Date Exercisable and Expiration Date
(MM/DD/YYYY)
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Option (right to buy)     (2) 3/19/2022   EPAM Common Stock   3250.0   $16.8   D    
Employee Stock Option (right to buy)     (3) 3/31/2024   EPAM Common Stock   15000.0   $32.08   D    
Employee Stock Option (right to buy)     (4) 5/24/2023   EPAM Common Stock   8000.0   $23.04   D    
Employee Stock Option (right to buy)     (5) 3/25/2026   EPAM Common Stock   13333.0   $70.52   D    
Employee Stock Option (right to buy)     (6) 3/24/2027   EPAM Common Stock   11878.0   $73.27   D    
Employee Stock Option (right to buy)     (7) 3/23/2025   EPAM Common Stock   18000.0   $61.38   D    

Explanation of Responses:
(1)  Represents restricted stock units remaining that are scheduled to vest on the following schedule. (A) 4000 restricted stock units that vested as to 25% of the shares on each of March 31, 2015, 2016, 2017, and will vest as to 25% of the shares on March 31, 2018; (B) 4000 restricted stock units that vested as to 25% of the shares on each of March 23, 2016 and 2017 and are scheduled to vest as to 25% of the shares on March 23, 2018 and 2019; (C) 4,799 restricted stock units that vested as to 25% of the shares on March 25, 2017 and are scheduled to vest as to 25% of the shares on each of March 25, 2018, 2019, and 2020; and (D) 4,167 restricted stock units that are scheduled to vest as to 25% of the shares on each of March 24, 2018, 2019, 2020 and 2021.
(2)  The option, representing a right to purchase a total of 13,000 shares, became exercisable as to 25% of the shares on each of March 19, 2013, 2014, 2015 and 2016.
(3)  The option, representing a right to purchase 20,000 shares, became exercisable as to 25% of the shares on March 31, 2015, 2016 and 2017, and will become exercisable as to 25% of the shares on March 31,2018.
(4)  The option, representing a right to purchase a total of 16,000 shares, became exercisable as to 25% of the shares on March 19, 2014, 2015, 2016 and 2017.
(5)  The option, representing the right to purchase a total of 13,333 shares, became exercisable as to 25% of the shares on March 25, 2017, and will become exercisable as to 25% of the shares on each of March 25, 2018, 2019, and 2020.
(6)  The option, representing a right to purchase 11,878 shares, will become exercisable as to 25% of the shares on each of March 24, 2018, 2019, 2020 and 2021.
(7)  The option, representing a right to purchase a total of 18,000 shares, became exercisable as to 25% of the shares on each of March 23, 2016 and 2017, and will become exercisable as to 25% of the shares on each of March 23, 2018 and 2019.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Yezhkov Sergey
C/O EPAM SYSTEMS, INC.
41 UNIVERSITY DRIVE, SUITE 202
NEWTOWN, PA 18940


SVP/Co-Head of Global Business

Signatures
Ginger L. Mosier, as Attorney In Fact 2/22/2018
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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