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Filing Details

Accession Number:: 0001140361-12-030437
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2012-06-19 12:11:25
Reporting Period:: 2012-06-15

Filing Date:: 2012-06-19
Accepted Time:: 2012-06-19 12:11:25
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
1516565	Darren Alch	100 Cyberonics Blvd Houston TX 77058	Vp & Asst Secretary	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	Acquisiton	2012-06-15	2,528	$0.00	21,143	No	4	A	Direct
Common Stock	Disposition	2012-06-15	82	$0.00	21,061	No	4	F	Direct
Common Stock	Disposition	2012-06-15	165	$0.00	20,896	No	4	F	Direct
Common Stoock	Disposition	2012-06-15	220	$0.00	20,676	No	4	F	Direct
Common Stock	Acquisiton	2012-06-18	35,000	$37.01	55,676	No	4	P	Direct
Common Stock	Disposition	2012-06-18	35,000	$44.57	20,676	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	A	Direct
No	4	F	Direct
No	4	F	Direct
No	4	F	Direct
No	4	P	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	2012-06-15	5,561	$42.52	10,863	$42.52
Common Stock	Option to purchase common stock	Acquisiton	2012-06-18	35,000	$37.01	35,000	$37.01

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
54,683		2022-06-15	No	4	M	Direct
19,683		2015-08-15	No	4	M	Direct

Footnotes

Reporting Person was granted 2,528 restricted shares of common stock, all of such shares shall vest and all forfeiture restrictions thereon to lapse on June 15, 2015. The restricted shares are subject to forfeiture prior to vesting in accordance with the terms of the 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, 2012 vesting of 624 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 June 15, 2012 vesting of 312 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 June 15, 2012 vesting of 833 shares of restricted stock.
Represents weighted average selling price. Securities were sold through approximately 19 separate sales on the transaction date at prices ranging from $44.54 to $44.84. 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 10,863 shares of common stock, 25% of the shares under such option to vest on each of the next four anniversaries of June 15, 2012. 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 35,000 shares of common stock on August 15, 2005. The option is fully vested and expires August 15, 2015. The option was subject to certain vesting and forfeiture requirements in accordance with the terms of the applicable Stock Option Agreement.