Travis Dalton - 15 Feb 2022 Form 4 Insider Report for CERNER Corp (CERN)

Role
EVP & Chief Client & Serv. Off
Signature
/s/ Shane M. Dawson, by Power of Attorney
Issuer symbol
CERN
Transactions as of
15 Feb 2022
Transactions value $
$0
Form type
4
Filing time
17 Feb 2022, 15:03:27 UTC
Previous filing
21 Jan 2022
Next filing
08 Mar 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding CERN Common Stock 539 15 Feb 2022 by 401(k) Plan
holding CERN Common Stock 454 15 Feb 2022 by ASPP account
holding CERN Common Stock 19.2K 15 Feb 2022 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction CERN Restricted Stock Units Award $0 +6.49K +89.4% $0.00 13.7K 15 Feb 2022 Common Stock 6.49K $0.00 Direct F1, F2, F3
holding CERN Non-Qualified Stock Option (right to buy) 5K 15 Feb 2022 Common Stock 5K $65.27 Direct
holding CERN Non-Qualified Stock Option (right to buy) 9.7K 15 Feb 2022 Common Stock 9.7K $57.24 Direct
holding CERN Non-Qualified Stock Option (right to buy) 6.44K 15 Feb 2022 Common Stock 6.44K $65.88 Direct
holding CERN Restricted Stock Units 4.8K 15 Feb 2022 Common Stock 4.8K $0.00 Direct F1
holding CERN Restricted Stock Units 3.34K 15 Feb 2022 Common Stock 3.34K $0.00 Direct F1
holding CERN Restricted Stock Units 22K 15 Feb 2022 Common Stock 22K $0.00 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The RSUs convert on a one for basis for shares of common stock, without any consideration.
F2 Reporting person was granted performance-based restricted stock units on April 30, 2020, which are earned based on the attainment of established performance criteria unrelated to the Company's stock price. As a result of our full year 2021 performance relative to the attainment of the established Adjusted Operating Margin performance targets, the number of shares listed in this Table II were banked upon Compensation Committee approval, and will be banked until April 28, 2023, the vest date, subject to continued employment through such date. Each restricted stock unit represents a contingent right to receive one share of Cerner Corporation common stock.
F3 This 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.