CYBERONICS INC 4
4 · CYBERONICS INC · Filed Feb 20, 2007
Insider Transaction Report
Form 4
CYBERONICS INCCYBX
APPEL STANLEY H MD
Director
Transactions
- Disposition to Issuer
Stock option to purchase common stock
2007-02-19−3,683→ 99,317 totalExercise: $11.47From: 2006-05-02Exp: 2011-05-02→ Commom Stock (3,683 underlying) - Award
Stock option to purchase common stock
2007-02-19+3,683→ 103,000 totalExercise: $11.47From: 2006-05-02Exp: 2011-05-02→ Common Stock (3,683 underlying)
Footnotes (1)
- [F1]The two reported transactions involved a second amendment of an outstanding option, resulting in the deemed cancellation of the "old" option and the grant of a replacement option. The option was originally granted on 05/02/2001 at a price of $11.39 per share. The first amendment adjusted the price to $11.47 per share and erroneously adjusted the grant date for such option to 04/30/2001. The second amendment corrects this clerical error by adjusting the grant date to the original grant date of 05/02/2001.