SEC FORM 3

SEC Form 3

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
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Schwartz Steven

(Last)

(First)

(Middle)

C/O COGNIZANT TECHNOLOGY SOLUTIONS CORP.

500 FRANK W. BURR BLVD

(Street)

TEANECK

07666

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
07/18/2007

3. Issuer Name and Ticker or Trading Symbol
COGNIZANT TECHNOLOGY SOLUTIONS CORP [ CTSH ]

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

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Sr VP, General Counsel & Secr.

5. If Amendment, Date of Original Filed (Month/Day/Year)

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)
Class A Common Stock	321	D

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: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Class A Common Stock (Right to Buy)⁽¹⁾	04/12/2003	04/12/2012	Class A Common Stock	27,000	$6.41	D
Class A Common Stock (Right to Buy)⁽²⁾	02/05/2004	02/05/2013	Class A Common Stock	12,000	$10.12	D
Class A Common Stock (Right to Buy)⁽³⁾	03/05/2004	03/05/2013	Class A Common Stock	48,000	$11.63	D
Class A Common Stock (Right to Buy)⁽⁴⁾	09/26/2004	09/26/2013	Class A Common Stock	36,000	$18.1	D
Class A Common Stock (Right to Buy)⁽⁵⁾	12/14/2007	12/14/2016	Class A Common Stock	20,000	$80.66	D

Explanation of Responses:

1. Such options were granted on April 12, 2002 pursuant to the Company's 1999 Incentive Compensation Plan, as amended. Such options were 100% vested on Arpil 12, 2006. The Date Exercisable above reflects the first anniversary date of such option.

2. Such options were granted on February 5, 2003 pursuant to the Company's 1999 Incentive Compensation Plan, as amended. Such options were 100% vested on February 5, 2007. The Date Exercisable above reflects the first anniversary date of such option.

3. Such options were granted on March 5, 2003 pursuant to the Company's 1999 Incentive Compensation Plan, as amended. Such options were 100% vested on March 5, 2007. The Date Exercisable above reflects the first anniversary date of such option.

4. Such options were granted on September 26, 2003 pursuant to the Company's 1999 Incentive Compensation Plan, as amended. Such options have the following vesting schedule: 25% on September 26, 2004; 25% on September 26, 2005; 25% on September 26, 2006; and 25% on September 26, 2007. The Date Exercisable above reflects the first anniversary date of such option.

5. Such options were granted on December 14, 2006 pursuant to the Company's 1999 Incentive Compensation Plan, as amended. Such options have the following vesting schedule: 25% on December 14, 2007; 25% on December 14, 2008; 25% on December 14, 2009; and 25% on December 14, 2010. The Date Exercisable above reflects the first anniversary date of such option.

Remarks:

	/s/ Steven Schwartz	07/20/2007
	** 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 Number.