Sec Form 4 Filing - Bertelsen Jeffrey A. @ CYBEROPTICS CORP - 2017-11-22

Insider filing report for Changes in Beneficial Ownership
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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
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Bertelsen Jeffrey A.
2. Issuer Name and Ticker or Trading Symbol
CYBEROPTICS CORP [ CYBE]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
CFO and COO
(Last) (First) (Middle)
5900 GOLDEN HILLS DRIVE
3. Date of Earliest Transaction (MM/DD/YY)
11/22/2017
(Street)
GOLDEN VALLEY, MN55416
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 11/22/2017 M 10,000 A $ 8.71 78,240 ( 1 ) D
Common Stock 11/22/2017 F 6,813 D $ 16.75 71,427 ( 1 ) D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction 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
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(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 $ 8.71 11/22/2017 M 10,000 12/10/2011( 2 ) 12/10/2017 Common Stock 10,000 $ 0 0 D
Employee Stock Option $ 7.3 01/06/2013( 2 ) 01/06/2019 Common Stock 23,333 23,333 D
Employee Stock Option $ 7.48 12/14/2013( 2 ) 12/14/2019 Common Stock 16,667 16,667 D
Employee Stock Option $ 5.39 12/06/2014( 3 ) 12/06/2020 Common Stock 16,750 16,750 D
Employee Stock Option $ 7.7 02/21/2015( 3 ) 02/21/2021 Common Stock 10,000 10,000 D
Employee Stock Option $ 9.62 12/05/2015( 3 ) 12/05/2021 Common Stock 18,500 18,500 D
Employee Stock Option $ 7.18 12/11/2016( 3 ) 12/11/2022 Common Stock 26,000 26,000 D
Employee Stock Option $ 26.4 12/09/2017( 3 ) 12/09/2023 Common Stock 5,500 5,500 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Bertelsen Jeffrey A.
5900 GOLDEN HILLS DRIVE
GOLDEN VALLEY, MN55416
CFO and COO
Signatures
Jeffrey A. Bertelsen 11/22/2017
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Includes (a) 687 restricted stock units that vest on December 6, 2017; (b) 1,600 restricted stock units that vest in increments of 800 shares on each of December 5, 2017 and 2018; (c) 3,375 restricted stock units that vest in increments of 1,125 shares on each of December 11, 2017, 2018 and 2019; and (d) 1,500 restricted stock units that vest in increments of 375 shares on each of December 9, 2017, 2018, 2019 and 2020.
( 2 )Fully exercisable.
( 3 )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.

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* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
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