Statement of Changes in Beneficial Ownership (4)
December 10 2019 - 3:28PM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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3235-0287
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
Kulkarni Subodh K |
2. Issuer Name and Ticker or Trading Symbol
CYBEROPTICS CORP
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CYBE
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
President and CEO |
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(Last)
(First)
(Middle)
5900 GOLDEN HILLS DRIVE |
3. Date of Earliest Transaction
(MM/DD/YYYY)
12/6/2019 |
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(Street)
GOLDEN VALLEY, MN 55416
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security
(Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code
(Instr. 8)
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4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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| Common Stock | 12/6/2019 | | A | | 11000 (1) | A | $0 | 89630 (2)(3) | D | |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security
(Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. Code
(Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4) | 8. Price of Derivative Security
(Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
| Employee Stock Option | $6.97 | | | | | | | 1/14/2015 (4) | 1/14/2021 | Common Stock | 69300 | | 69300 | D | |
| Employee Stock Option | $9.62 | | | | | | | 12/5/2015 (4) | 12/5/2021 | Common Stock | 38750 | | 38750 | D | |
| Employee Stock Option | $7.18 | | | | | | | 12/11/2016 (5) | 12/11/2022 | Common Stock | 55000 | | 55000 | D | |
| Employee Stock Option | $26.4 | | | | | | | 12/9/2017 (5) | 12/9/2023 | Common Stock | 12000 | | 12000 | D | |
| Employee Stock Option | $15.4 | | | | | | | 12/8/2018 (5) | 12/8/2024 | Common Stock | 20000 | | 20000 | D | |
| Employee Stock Option | $19.46 | | | | | | | 12/7/2019 (5) | 12/7/2025 | Common Stock | 17500 | | 17500 | D | |
| Employee Stock Option | $16.23 | 12/6/2019 | | M | | 22000 | | 12/6/2020 (5) | 12/6/2026 | Common Stock | 22000 | $0 | 22000 | D | |
| Explanation of Responses: |
| (1) | Grant of restricted stock units. |
| (2) | Includes (a) 2,187 restricted stock units that vest on December 11, 2019, (b) 750 shares of restricted stock units that vest on December 9, 2020, (c) 5,000 restricted stock units that vest in increments of 2,500 shares on each of December 8, 2020 and 2021; (d) 6,600 restricted stock units that vest in increments of 2,200 shares on each of December 7, 2020, 2021 and 2022; and (e) 11,000 restricted stock units that vest in increments of 2,750 shares on each of December 6, 2020, 2021, 2022 and 2023. |
| (3) | Includes 568 shares acquired under the Company's Employee Stock Purchase Plan on July 31, 2019. |
| (4) | Fully exercisable. |
| (5) | Exercisable 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. |
Reporting Owners
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| Reporting Owner Name / Address | Relationships |
| Director | 10% Owner | Officer | Other |
Kulkarni Subodh K
5900 GOLDEN HILLS DRIVE
GOLDEN VALLEY, MN 55416 | X |
| President and CEO |
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Signatures
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| Subodh K. Kulkarni | | 12/9/2019 |
| **Signature of Reporting Person | Date |
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