Filing Details

Accession Number:
0001140361-15-024645
Form Type:
4
Zero Holdings:
No
Publication Time:
2015-06-17 18:18:29
Reporting Period:
2015-06-15
Filing Date:
2015-06-17
Accepted Time:
2015-06-17 18:18:29
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
864683 Cyberonics Inc CYBX Electromedical & Electrotherapeutic Apparatus (3845) 760236465
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1400857 Jeffrey Daniel Moore 100 Cyberonics Blvd
Houston TX 77058
President & Ceo Yes Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Disposition 2015-06-15 2,500 $61.34 113,824 No 4 S Direct
Common Stock Disposition 2015-06-15 5,781 $61.76 108,043 No 4 F Direct
Common Stock Disposition 2015-06-15 2,436 $61.76 105,607 No 4 F Direct
Common Stock Disposition 2015-06-15 697 $61.76 104,910 No 4 F Direct
Common Stock Disposition 2015-06-15 1,046 $61.76 103,864 No 4 F Direct
Common Stock Disposition 2015-06-15 559 $61.76 103,305 No 4 F Direct
Common Stock Disposition 2015-06-15 3,326 $0.00 99,979 No 4 D Direct
Common Stock Disposition 2015-06-15 1,663 $0.00 98,316 No 4 D Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Direct
No 4 F Direct
No 4 F Direct
No 4 F Direct
No 4 F Direct
No 4 F Direct
No 4 D Direct
No 4 D Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Phantom Stock Units Disposition 2015-06-15 4,587 $0.00 4,587 $61.76
Common Stock Phantom Stock Units Disposition 2015-06-15 6,881 $0.00 6,881 $61.76
Common Stock Phantom Stock Units Disposition 2015-06-15 13,763 $0.00 13,763 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
190,173 2015-06-15 2015-06-15 No 4 M Direct
183,292 2015-06-15 2015-06-15 No 4 M Direct
169,529 2015-06-15 2015-06-15 No 4 D Direct
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock 2,586 Indirect DJM Family Partnership
Footnotes
  1. Shares sold pursuant to a Rule 10b5-1 Plan.
  2. Represents weighted average selling price. Securities were sold through approximately 33 separate sales on the transaction date at prices ranging from $60.35 to $61.79. The reporting person hereby undertakes to provide upon request to the SEC, the issuer or any stockholder of the issuer, the full information regarding the number of shares and prices at which the transaction was effected.
  3. The referenced shares were withheld from distribution at the request of Reporting Person. Such shares were forfeited and the associated value was used to offset the tax liability associated with the vesting of 13,781 shares of restricted stock.
  4. The referenced shares were withheld from distribution at the request of Reporting Person. Such shares were forfeited and the associated value was used to offset the tax liability associated with the vesting of 5,808 shares of restricted stock.
  5. The referenced shares were withheld from distribution at the request of Reporting Person. Such shares were forfeited and the associated value was used to offset the tax liability associated with the vesting of 1,663 shares of performance based restricted stock.
  6. The referenced shares were withheld from distribution at the request of Reporting Person. Such shares were forfeited and the associated value was used to offset the tax liability associated with the vesting of 2,495 shares of performance based restricted stock.
  7. The referenced shares were withheld from distribution at the request of Reporting Person. Such shares were forfeited and the associated value was used to offset the tax liability associated with the vesting of 1,333 shares of performance based restricted stock.
  8. Reporting Person did not meet specific performance goals in accordance with the terms of the Performance-Based Restricted Stock Agreement dated June 15, 2011. Therefore, subject restricted shares are forfeited prior to vesting in accordance with the terms of the Performance-Based Restricted Stock Agreement.
  9. Reporting Person did not meet specific performance goals in accordance with the terms of the Performance-Based Restricted Stock Agreement dated June 15, 2011. Therefore, subject restricted shares are forfeited prior to vesting in accordance with the terms of the Performance-Based Restricted Stock Agreement.
  10. Reporting Person was granted an award of Phantom Stock Units that vest, as earned, subject to the satisfaction of certain specified targets as set forth in the Phantom Stock Agreement dated September 15, 2011. Subject to the Phantom Stock Agreement, the Phantom Stock Units may be settled in cash or shares of Cyberonics, Inc. common stock as determined by the Plan Administrator. Reporting Person settled the phantom stock units in cash.
  11. Reporting Person was granted an award of Phantom Stock Units that vest, as earned, subject to the satisfaction of certain specified targets as set forth in the Phantom Stock Agreement dated September 15, 2011. Subject to the Phantom Stock Agreement, the Phantom Stock Units may be settled in cash or shares of Cyberonics, Inc. common stock as determined by the Plan Administrator. Reporting Person settled the phantom stock units in cash.
  12. Reporting Person did not meet specified targets as set forth in the Phantom Stock Agreement dated September 15, 2011. Therefore, subject Phantom Stock Units are being forfeited.