SEC Form 4 · accession 0001209191-17-046534
CERNER CORP /MO/ · CERN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Neal L Patterson
Officer — Former Chairman and CEO · Director
Period of report
Jun 28, 2017
Accepted (ET)
Jul 28, 2017 · 4:04 pm EDT
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 | Jun 28, 2017 | G | 889,618 | $0.00 | D | 2,009,322 | I | by Spouse as sole Trustee of Irrevocable Trust for children |
| Common Stock | Jul 6, 2017 | G | 11,000,000 | $0.00 | D | 6,620,655 | I | by Revocable Trust |
| Common Stock | Jul 6, 2017 | G | 11,000,000 | $0.00 | A | 11,000,000 | I | by Family Limited Partnership |
| Common Stock | holding | — | — | — | 166,552 | I | by Spouse | |
| Common Stock | holding | — | — | — | 116,708 | I | by 401(k) Plan | |
| Common Stock | holding | — | — | — | 210,970 | I | by Charitable Remainder Trust | |
| Common Stock | holding | — | — | — | 526,230 | I | by Trust as Co-Trustee | |
| Common Stock | holding | — | — | — | 1,000,000 | I | by Grantor Retained Annuity Trust |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1This transaction represents the transfer of shares from an irrevocable trust for the benefit of one of the reporting person's children to a revocable trust in which the reporting person has no pecuniary interest. This transaction is exempt from Section 16 pursuant to Rule 16b-5, as it is a bona fide gift.
- F2The reporting person transferred these shares to a family limited partnership of which the reporting person's revocable trust was the sole limited partner and the reporting person shared control over the general partner. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and these shares in this report shall not be deemed an admission of beneficial ownership of all such reported shares.
Remarks
The reporting person passed away on July 9, 2017.