SEC Form 4 · accession 0001209191-17-018856
CERNER CORP /MO/ · CERN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Neal L Patterson
Officer — Chairman and CEO · Director
Period of report
Mar 3, 2017
Accepted (ET)
Mar 7, 2017 · 5:14 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 | — | — | — | 209,552 | I | by Spouse | |
| Common Stock | holding | — | — | — | 2,898,940 | I | by Spouse as sole Trustee of Irrevocable Trust for children | |
| Common Stock | holding | — | — | — | 136,122 | I | by 401(k) Plan | |
| Common Stock | holding | — | — | — | 17,797,812 | I | by Revocable Trust | |
| Common Stock | holding | — | — | — | 250,970 | I | by Charitable Remainder Trust | |
| Common Stock | holding | — | — | — | 540,230 | I | by Trust as Co-Trustee | |
| Common Stock | holding | — | — | — | 1,000,000 | I | by Grantor Retained Annuity Trust |
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)F2,F1 | $55.74 | Mar 3, 2017 | A | 157,000 | A | Mar 3, 2019 | Mar 3, 2027 | Common Stock | 157,000 | 157,000 | D |
| Restricted Stock UnitsF3,F4 | $0.00 | Mar 3, 2017 | A | 4,150 | A | Mar 5, 2018 | Mar 5, 2018 | Common Stock | 4,150 | 4,150 | D |
| Non-Qualified Stock Option (right to buy) | $21.30 | holding | — | — | — | Mar 12, 2012 | Mar 12, 2020 | Common Stock | 240,000 | 240,000 | D |
| Non-Qualified Stock Option (right to buy) | $25.80 | holding | — | — | — | Mar 11, 2013 | Mar 11, 2021 | Common Stock | 220,000 | 220,000 | D |
| Non-Qualified Stock Option (right to buy) | $38.43 | holding | — | — | — | Mar 9, 2014 | Mar 9, 2022 | Common Stock | 160,000 | 160,000 | D |
| Non-Qualified Stock Option (right to buy) | $44.615 | holding | — | — | — | Mar 1, 2015 | Mar 1, 2023 | Common Stock | 160,000 | 160,000 | D |
| Non-Qualified Stock Option (right to buy) | $60.37 | holding | — | — | — | Mar 7, 2016 | Mar 7, 2024 | Common Stock | 146,500 | 146,500 | D |
| Non-Qualified Stock Option (right to buy) | $70.91 | holding | — | — | — | Mar 12, 2017 | Mar 12, 2025 | Common Stock | 146,500 | 146,500 | D |
| Non-Qualified Stock Option (right to buy) | $54.01 | holding | — | — | — | Mar 11, 2018 | Mar 11, 2026 | Common Stock | 157,000 | 157,000 | D |
| Non-Qualified Stock Option (right to buy) | $10.055 | holding | — | — | — | Mar 14, 2013 | Mar 14, 2018 | Common Stock | 288,000 | 288,000 | D |
| Non-Qualified Stock Option (right to buy) | $9.18 | holding | — | — | — | Mar 6, 2011 | Mar 6, 2019 | Common Stock | 280,000 | 280,000 | D |
| Non-Quallified Stock Option (right to buy) | $3.7032 | holding | — | — | — | Jun 28, 2005 | Jun 28, 2020 | Common Stock | 1,138,000 | 1,138,000 | D |
Explanation of responses
- F1Options are exercisable per the following schedule: 40% - 03/03/2019, 20% - 03/03/2020, 20% - 03/03/2021, 20% - 03/03/2022.
- F2This 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.
- F3Each performance-based 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 if the established performance goal is achieved.
- F4This 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.