SEC Form 4 · accession 0001209191-17-018840
CERNER CORP /MO/ · CERN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Clifford W Illig
Officer — Vice Chairman · Director
Period of report
Mar 3, 2017
Accepted (ET)
Mar 7, 2017 · 5:10 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000804753
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | holding | — | — | — | 75,257 | I | by 401(k) Plan | |
| Common StockF1 | holding | — | — | — | 1,229,719 | D | ||
| Common Stock | holding | — | — | — | 782,668 | I | By spouse | |
| Common Stock | holding | — | — | — | 95,000 | I | By Trust as Co-Trustee | |
| Common Stock | holding | — | — | — | 108,000 | I | By Trust as Co-Trustee | |
| Common StockF1 | holding | — | — | — | 11,840,409 | I | by Revocable Trust | |
| Common StockF2 | holding | — | — | — | 392,668 | I | By Trust as Co-Trustee | |
| Common StockF2 | holding | — | — | — | 392,664 | I | By Trust as Co-Trustee |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-Qualified Stock Option (right to buy)F4,F3 | $55.74 | Mar 3, 2017 | A | 30,000 | A | Mar 3, 2019 | Mar 3, 2027 | Common Stock | 30,000 | 30,000 | D |
| Restricted Stock UnitsF5,F6 | $0.00 | Mar 3, 2017 | A | 1,000 | A | Mar 5, 2018 | Mar 5, 2018 | Common Stock | 1,000 | 1,000 | D |
| Non-Qualified Stock Option (right to buy) | $10.055 | holding | — | — | — | Mar 14, 2013 | Mar 14, 2018 | Common Stock | 40,000 | 40,000 | D |
| Non-Qualified Stock Option (right to buy) | $9.18 | holding | — | — | — | Mar 6, 2011 | Mar 6, 2019 | Common Stock | 40,000 | 40,000 | D |
| Non-Qualified Stock Option (right to buy) | $21.30 | holding | — | — | — | Mar 12, 2012 | Mar 12, 2020 | Common Stock | 40,000 | 40,000 | D |
| Non-Qualified Stock Option (right to buy) | $25.80 | holding | — | — | — | Mar 11, 2013 | Mar 11, 2021 | Common Stock | 40,000 | 40,000 | D |
| Non-Qualified Stock Option (right to buy) | $38.43 | holding | — | — | — | Mar 9, 2014 | Mar 9, 2022 | Common Stock | 30,000 | 30,000 | D |
| Non-Qualified Stock Option (right to buy) | $44.615 | holding | — | — | — | Mar 1, 2015 | Mar 1, 2023 | Common Stock | 30,000 | 30,000 | D |
| Non-Qualified Stock Option (right to buy) | $60.37 | holding | — | — | — | Mar 7, 2016 | Mar 7, 2024 | Common Stock | 25,000 | 25,000 | D |
| Non-Qualified Stock Option (right to buy) | $70.91 | holding | — | — | — | Mar 12, 2017 | Mar 12, 2025 | Common Stock | 25,000 | 25,000 | D |
| Non-Qualified Stock Option (right to buy) | $54.01 | holding | — | — | — | Mar 11, 2018 | Mar 11, 2026 | Common Stock | 30,000 | 30,000 | D |
Explanation of responses
- F1A portion of the reporting person's beneficial ownership (5,422,673 shares) has been incorrectly reported as held "Direct" and is now reported as held "by Revocable Trust." The total beneficial ownership is not affected by the reclassification.
- F2Includes 1,332 shares inherited by the trust in which the reporting person is a Co-Trustee, which were inadvertently omitted due to administrative error. The acquisition of such shares was exempt pursuant to Rule 16b-5.
- F3Options are exercisable per the following schedule: 40% - 03/03/2019, 20% - 03/03/2020, 20% - 03/03/2021, 20% - 03/03/2022.
- F4This transaction represents a grant of options to the reporting person by the issuer. Therefore, no consideration other than the value of services rendered was paid for the security.
- F5Each restricted stock unit represents a contingent right to receive one share of Cerner Corporation common stock. The restricted stock units are eligible for vesting on 03/05/2018.
- F6This transaction represents a grant of restricted stock units to the reporting person by the issuer. Therefore, no consideration other than the value of services rendered was paid for the security.