Sec Form 4 Filing - Kulkarni Subodh K @ CYBEROPTICS CORP - 2018-12-07

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
Kulkarni Subodh K
2. Issuer Name and Ticker or Trading Symbol
CYBEROPTICS CORP [ CYBE]
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
(Last) (First) (Middle)
5900 GOLDEN HILLS DRIVE
3. Date of Earliest Transaction (MM/DD/YY)
12/07/2018
(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 12/07/2018 A 8,800 ( 1 ) A $ 0 69,862 ( 2 ) ( 3 ) 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 $ 6.97 01/14/2015( 4 ) 01/14/2021 Common Stock 77,000 77,000 D
Employee Stock Option $ 9.62 12/05/2015( 4 ) 12/05/2021 Common Stock 38,750 38,750 D
Employee Stock Option $ 7.18 12/11/2016( 5 ) 12/11/2022 Common Stock 55,000 55,000 D
Employee Stock Option $ 26.4 12/09/2017( 5 ) 12/09/2023 Common Stock 12,000 12,000 D
Employee Stock Option $ 15.4 12/08/2018( 5 ) 12/08/2024 Common Stock 20,000 20,000 D
Employee Stock Option $ 19.46 12/07/2018 M 17,500 12/07/2019( 5 ) 12/07/2025 Common Stock 17,500 $ 0 17,500 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Kulkarni Subodh K
5900 GOLDEN HILLS DRIVE
GOLDEN VALLEY, MN55416
X President and CEO
Signatures
Subodh K. Kulkarni 12/10/2018
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Grant of restricted stock units.
( 2 )Includes (a) 4,374 restricted stock units that vest in increments of 2,187 shares on each of December 11, 2018 and 2019, (b) 1,500 restricted stock units that vest in increments of 750 shares on each of December 9, 2019 and 2020, and (c) 7,500 restricted stock units that vest in increments of 2,500 shares on each of December 8, 2019, 2020 and 2021; and (d) 8,800 restricted stock units that vest in increments of 2,200 shares on each of December 7, 2019, 2020, 2021 and 2022.
( 3 )Includes 485 shares acquired under the Company's Employee Stock Purchase Plan on July 31, 2018.
( 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.

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