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

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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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(Print or Type Responses)
1. Name and Address of Reporting Person *
  Shnayder Boris
2. Date of Event Requiring Statement (Month/Day/Year)
09/14/2016
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
5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

NEWTOWN, PA 18940
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 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 19,430 (1)
D
 

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)
2. Date Exercisable and Expiration Date
(Month/Day/Year)
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) 03/25/2026 EPAM Common Stock 12,308 $ 70.52 D  
Employee Stock Option (right to buy)   (3) 07/31/2025 EPAM Common Stock 60,000 $ 74.11 D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Shnayder Boris
C/O EPAM SYSTEMS, INC.
41 UNIVERSITY DRIVE SUITE 202
NEWTOWN, PA 18940
      SVP/Co-Head of Global Business  

Signatures

/s/ Ginger Mosier, as Attorney-in-Fact 09/20/2016
**Signature of Reporting Person Date

Explanation of Responses:

* 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).
(1) Represents (a) 15,000 restricted stock units that vested as to 25% of the shares on July 31, 2016 and are scheduled to vest as to 25% of the shares on each of July 31, 2017, 2018 and 2019; and (b) 4,430 restricted stock units that are scheduled to vest as to 25% of the shares on each of March 25, 2017, 2018, 2019 and 2020.
(2) The option, representing a right to purchase 12,308 shares, will become exercisable as to 25% of the shares on each of March 25, 2017, 2018, 2019 and 2020.
(3) The option, representing a right to purchase 60,000 shares, became exercisable as to 25% of the shares on July 31, 2016, and will become exercisable as to 25% of the shares on each of July 31, 2017, 2018 and 2019.

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