CYBERONICS INC 4
4 · CYBERONICS INC · Filed Jun 17, 2015
Insider Transaction Report
Form 4
CYBERONICS INCCYBX
Hoare Rohan
SR VP Strategic Planning
Transactions
- Tax Payment
Common Stock
2015-06-15$61.76/sh−532$32,856→ 15,634 total - Disposition to Issuer
Common Stock
2015-06-15−1,946→ 13,688 total
Footnotes (2)
- [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 vesting of 1,946 shares of restricted stock.
- [F2]Reporting Person did not meet specific performance goals in accordance with the terms of the Performance-Based Restricted Stock Agreement dated June 15, 2014. Therefore, subject restricted shares are forfeited prior to vesting in accordance with the terms of the Performance-Based Restricted Stock Agreement.