SEC Form 4 · accession 0001140361-15-024662
CYBERONICS INC · LIVN
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Darren Alch
Officer — VP Genl Counsel Asst Sec
Period of report
Jun 15, 2015
Accepted (ET)
Jun 17, 2015 · 6:29 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000864683
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Jun 15, 2015 | F | 691 | $61.76 | D | 13,886 | D | |
| Common StockF2 | Jun 15, 2015 | F | 238 | $61.76 | D | 13,648 | D | |
| Common StockF3 | Jun 15, 2015 | F | 114 | $61.76 | D | 13,534 | D | |
| Common StockF4 | Jun 15, 2015 | F | 170 | $61.76 | D | 13,364 | D | |
| Common StockF5 | Jun 15, 2015 | F | 24 | $61.76 | D | 13,340 | D | |
| Common StockF6 | Jun 15, 2015 | D | 834 | $0.00 | D | 12,506 | D | |
| Common StockF7 | Jun 15, 2015 | D | 417 | $0.00 | D | 12,089 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The referenced shares were withheld from distribution at the request of Reporting Person. Such shares were forfeited and the associated value was used to offset the tax liability associated with the vesting of 2,528 shares of restricted stock.
- F2The referenced shares were withheld from distribution at the request of Reporting Person. Such shares were forfeited and the associated value was used to offset the tax liability associated with the vesting of 871 shares of restricted stock.
- F3The referenced shares were withheld from distribution at the request of Reporting Person. Such shares were forfeited and the associated value was used to offset the tax liability associated with the vesting of 417 shares of performance-based restricted stock.
- F4The referenced shares were withheld from distribution at the request of Reporting Person. Such shares were forfeited and the associated value was used to offset the tax liability associated with the vesting of 625 shares of performance-based restricted stock.
- F5The referenced shares were withheld from distribution at the request of Reporting Person. Such shares were forfeited and the associated value was used to offset the tax liability associated with the vesting of 89 shares of performance-based restricted stock.
- F6Reporting Person did not meet specific performance goals in accordance with the terms of the Performance-Based Restricted Stock Agreement dated June 15, 2011. Therefore, subject restricted shares are forfeited prior to vesting in accordance with the terms of the Performance-Based Restricted Stock Agreement.
- F7Reporting Person did not meet specific performance goals in accordance with the terms of the Performance-Based Restricted Stock Agreement dated June 15, 2011. Therefore, subject restricted shares are forfeited prior to vesting in accordance with the terms of the Performance-Based Restricted Stock Agreement.