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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

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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	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
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

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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

Shares sold pursuant to a Rule 10b5-1 Plan.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.