SIMPSON RANDAL L 4
4 · CYBERONICS INC · Filed Jun 19, 2012
Insider Transaction Report
Form 4
CYBERONICS INCCYBX
SIMPSON RANDAL L
VP Operations
Transactions
- Tax Payment
Common Stock
2012-06-15−455→ 53,794 total - Award
Option to purchase common stock
2012-06-15$42.52/sh+6,828$290,327→ 86,529 totalExercise: $42.52Exp: 2022-06-15→ Common Stock (6,828 underlying) - Award
Common Stock
2012-06-15+3,104→ 54,249 total - Tax Payment
Common Stock
2012-06-15−341→ 53,453 total
Footnotes (4)
- [F1]Reporting Person was granted 3,104 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.
- [F2]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 1,250 shares of restricted stock.
- [F3]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 937 shares of restricted stock.
- [F4]Reporting person was granted an option to purchase 6,828 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.