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Filing Details

Accession Number:: 0001140361-14-026082
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2014-06-18 17:10:59
Reporting Period:: 2014-06-15

Filing Date:: 2014-06-18
Accepted Time:: 2014-06-18 17:10:59
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

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock	Acquisiton	2014-06-15	17,424	$0.00	178,475	No	4	A	Direct
Common Stock	Acquisiton	2014-06-15	4,000	$0.00	182,475	No	4	A	Direct
Common Stock	Disposition	2014-06-15	9,814	$0.00	172,661	No	4	F	Direct
Common Stock	Acquisiton	2014-06-16	4,000	$25.71	176,661	No	4	M	Direct
Common Stock	Disposition	2014-06-16	7,000	$57.18	169,661	No	4	S	Direct
Common Stock	Disposition	2014-06-16	1,046	$0.00	168,615	No	4	F	Direct
Common Stock	Disposition	2014-06-16	1,046	$0.00	167,569	No	4	F	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	A	Direct
No	4	A	Direct
No	4	F	Direct
No	4	M	Direct
No	4	S	Direct
No	4	F	Direct
No	4	F	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	2014-06-15	56,623	$57.39	56,623	$57.39
Common Stock	Option to purchase common stock	Disposition	2014-06-16	4,000	$0.00	4,000	$25.71
Phantom Stock Units	Phantom Stock Units	Disposition	2014-06-16	6,881	$0.00	6,881	$57.14
Phantom Stock Units	Phantom Stock Units	Disposition	2014-06-16	6,881	$0.00	6,881	$57.14

Remaning Holdings	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
234,410	2024-06-15	No	4	A	Direct
230,410	2021-06-15	No	4	M	Direct
223,529	2021-09-15	No	4	M	Direct
216,648	2021-09-15	No	4	M	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	15,183	Indirect	Moore Family 2012 Gift Trust
Common Stock	7,086	Indirect	DJM Family Partnership Ltd
Common Stock	26,390	Indirect	Moore Family 2011 Gift Trust
Common Stock	14,560	Indirect	Grace M. Moore

Footnotes

Reporting Person was granted 17,424 restricted shares of common stock, one-third of such shares shall vest and forfeiture restrictions thereon to lapse on each of the next three anniversaries of June 15, 2014. The restricted shares are subject to forfeiture prior to vesting in accordance with the terms of the Restricted Stock Agreement.
Reporting Person was granted 4,000 restricted shares of common stock that vest, as earned, subject to the satisfaction of certain specified targets. The restricted shares are also subject to forfeiture prior to vesting in accordance with the terms of the Performance-Based Restricted Stock Agreement.
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, 2014 vesting of 23,395 shares of restricted stock.
Sold shares pursuant to 10b5-1 Plan.
Represents weighted average selling price. Securities were sold through approximately 34 separate sales on the transaction date at prices ranging from $56.90 to $57.64. 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.
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 16, 2014 vesting of 2,494 shares of perfomance-based restricted stock.
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 16, 2014 vesting of 2,495 shares of perfomance-based restricted stock.
Reporting person was granted an option to purchase 56,623 shares of common stock, 25% of the shares under such option to vest on each of the next four anniversaries of June 15, 2014. 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 46,790 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.
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 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.