SEC Form 4 · accession 0001283875-18-000008
CYBEROPTICS CORP · CYBE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Subodh K Kulkarni
Officer — President and CEO · Director
Period of report
Dec 7, 2018
Accepted (ET)
Dec 10, 2018 · 5:04 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000768411
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2,F3 | Dec 7, 2018 | A | 8,800 | $0.00 | A | 69,862 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock OptionF5 | $19.46 | Dec 7, 2018 | M | 17,500 | A | Dec 7, 2019 | Dec 7, 2025 | Common Stock | 17,500 | 17,500 | D |
| Employee Stock OptionF4 | $6.97 | holding | — | — | — | Jan 14, 2015 | Jan 14, 2021 | Common Stock | 77,000 | 77,000 | D |
| Employee Stock OptionF4 | $9.62 | holding | — | — | — | Dec 5, 2015 | Dec 5, 2021 | Common Stock | 38,750 | 38,750 | D |
| Employee Stock OptionF5 | $7.18 | holding | — | — | — | Dec 11, 2016 | Dec 11, 2022 | Common Stock | 55,000 | 55,000 | D |
| Employee Stock OptionF5 | $26.40 | holding | — | — | — | Dec 9, 2017 | Dec 9, 2023 | Common Stock | 12,000 | 12,000 | D |
| Employee Stock OptionF5 | $15.40 | holding | — | — | — | Dec 8, 2018 | Dec 8, 2024 | Common Stock | 20,000 | 20,000 | D |
Explanation of responses
- F1Grant of restricted stock units.
- F2Includes (a) 4,374 restricted stock units that vest in increments of 2,187 shares on each of December 11, 2018 and 2019, (b) 1,500 restricted stock units that vest in increments of 750 shares on each of December 9, 2019 and 2020, and (c) 7,500 restricted stock units that vest in increments of 2,500 shares on each of December 8, 2019, 2020 and 2021; and (d) 8,800 restricted stock units that vest in increments of 2,200 shares on each of December 7, 2019, 2020, 2021 and 2022.
- F3Includes 485 shares acquired under the Company's Employee Stock Purchase Plan on July 31, 2018.
- F4Fully exercisable.
- F5Exercisable with respect to 25% of such shares on such date and with respect to an additional cumulative 25% of such shares on the next three anniversaries of such date.