CYBERONICS INC 4
4 · CYBERONICS INC · Filed Jun 18, 2013
Insider Transaction Report
Form 4
CYBERONICS INCCYBX
Olin Bryan D
VP Quality
Transactions
- Award
Option to purchase common stock
2013-06-15$51.90/sh+6,888$357,487→ 34,668 totalExercise: $51.90Exp: 2023-06-15→ Common Stock (6,888 underlying) - Award
Common Stock
2013-06-15+3,131→ 65,331 total - Tax Payment
Common Stock
2013-06-14−1,686→ 62,200 total
Footnotes (3)
- [F1]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 6,165 shares of restricted stock.
- [F2]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.
- [F3]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.