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Filing Details

Accession Number:: 0001140361-13-025619
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2013-06-18 17:20:02
Reporting Period:: 2013-06-14

Filing Date:: 2013-06-18
Accepted Time:: 2013-06-18 17:20:02
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
1218000	H Gregory Browne	100 Cyberonics Blvd Houston TX 77058	Sr Vp Finance & Cfo	No	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock	Disposition	2013-06-14	2,326	$0.00	97,265	No	4	F	Direct
Common Stock	Acquisiton	2013-06-15	4,816	$0.00	102,081	No	4	A	Direct
Common Stock	Acquisiton	2013-06-17	5,671	$14.72	107,752	No	4	M	Direct
Common Stock	Acquisiton	2013-06-17	5,190	$24.33	112,942	No	4	M	Direct
Common Stock	Acquisiton	2013-06-17	4,065	$25.71	117,007	No	4	M	Direct
Common Stock	Disposition	2013-06-17	14,926	$51.69	102,081	No	4	S	Direct
Common Stock	Disposition	2013-06-17	1,500	$51.60	100,581	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	F	Direct
No	4	A	Direct
No	4	M	Direct
No	4	M	Direct
No	4	M	Direct
No	4	S	Direct
No	4	S	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Option to purchase common stock	Acquisiton	2013-06-15	10,595	$51.90	10,595	$51.90
Common Stock	Option to purchase common stock	Disposition	2013-06-17	5,671	$14.72	5,671	$14.72
Common Stock	Option to purchase common stock	Disposition	2013-06-17	5,190	$24.33	5,190	$24.33
Common Stock	Option to purchase common stock	Disposition	2013-06-17	4,065	$25.71	4,065	$25.71

Remaning Holdings	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
52,574	2023-06-15	No	4	A	Direct
46,903	2019-06-08	No	4	M	Direct
41,713	2020-06-15	No	4	M	Direct
37,648	2021-06-15	No	4	M	Direct

Footnotes

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 June 15, 2013 vesting of 8,508 shares of restricted stock.
Reporting Person was granted restricted shares of common stock, all of such shares shall vest and all forfeiture restrictions thereon to lapse on June 15, 2016. The restricted shares are subject to forfeiture prior to vesting in accordance with the terms of the Restricted Stock Agreement.
Represents weighted average selling price. Securities were sold through approximately 69 separate sales on the transaction date at prices ranging from $51.2250 to $52.06. 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.
Sold share pursuant to 10b5-1 Plan.
Represents weighted average selling price. Securities were sold through approximately 14 separate sales on the transaction date at prices ranging from $51.23 to $51.96. 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.
Reporting person was granted an option to purchase shares of common stock, 25% of the shares under such option to vest on each of the next four anniversaries of June 15, 2013. The option to purchase such shares is subject to forfeiture prior to vesting in accordance with the terms of the Stock Option Agreement.
Reporting person was granted an option to purchase 22,682 shares of common stock, 25% of the shares under such option to vest on each of the four anniversaries of June 8, 2009. The option to purchase such shares is subject to forfeiture prior to vesting in accordance with the terms of the Stock Option Agreement.
Reporting person was granted an option to purchase 17,016 shares of common stock, 25% of the shares under such option to vest on each of the four anniversaries of June 15, 2010. The option to purchase such shares is subject to forfeiture prior to vesting in accordance with the terms of the Stock Option Agreement.
Reporting person was granted an option to purchase 16,258 shares of common stock, 25% of the shares under such option to vest on each of the next four anniversaries of June 15, 2011. The option to purchase such shares is subject to forfeiture prior to vesting in accordance with the terms of the Stock Option Agreement.