Sec Form 4 Filing - PATTERSON NEAL L @ CERNER CORP /MO/ - 2012-02-16

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
PATTERSON NEAL L
2. Issuer Name and Ticker or Trading Symbol
CERNER CORP /MO/ [ CERN]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
Chairman, CEO & President
(Last) (First) (Middle)
2800 ROCKCREEK PARKWAY
3. Date of Earliest Transaction (MM/DD/YY)
02/16/2012
(Street)
NORTH KANSAS CITY, MO64117
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 02/16/2012 S 5,000 D $ 72 5,013,571 I by Revocable Trust
Common Stock 02/16/2012 S 5,000 D $ 71.375 ( 1 ) ( 2 ) 166,000 I by Charitable Remainder Trust
Common Stock 5,505,087 D
Common Stock 318,244 I by Grantor Retained Annuity Trust
Common Stock 107,349.38 I by 401(k) Plan
Common Stock 73,700 I by Trust as Co-Trustee
Common Stock 1,609,346 I by Spouse as sole Trustee of Irrevocable Trust for children
Common Stock 71,776.12 I by Spouse
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
Non-Qualified Stock Option (right to buy) $ 20.11 03/14/2013 03/14/2018 Common Stock 144,000 144,000 D
Non-Qualified Stock Option (right to buy) $ 18.36 03/06/2011 03/06/2019 Common Stock 140,000 140,000 D
Non-Qualified Stock Option (right to buy) $ 42.6 03/12/2012 03/12/2020 Common Stock 120,000 120,000 D
Non-Qualified Stock Option (right to buy) $ 51.6 03/11/2013 03/11/2021 Common Stock 110,000 110,000 D
Non-Quallified Stock Option (right to buy) $ 7.4063 06/28/2005 06/28/2020 Common Stock 1,180,000 1,180,000 D
Non-Quallified Stock Option (right to buy) $ 5.6475 06/12/2008 06/12/2013 Common Stock 100,000 100,000 D
Non-Quallified Stock Option (right to buy) $ 10.495 06/03/2009 06/03/2014 Common Stock 120,000 120,000 D
Non-Quallified Stock Option (right to buy) $ 15.7025 06/03/2010 06/03/2015 Common Stock 160,000 160,000 D
Non-Quallified Stock Option (right to buy) $ 20.5625 09/16/2010 09/16/2015 Common Stock 168,000 168,000 D
Non-Quallified Stock Option (right to buy) $ 21.755 03/09/2011 03/09/2016 Common Stock 200,000 200,000 D
Non-Quallified Stock Option (right to buy) $ 26.905 03/09/2012 03/09/2017 Common Stock 160,000 160,000 D
Variable Prepaid Forward Contract ( 3 ) ( 3 ) ( 3 ) Common Stock 1,000,000 1,000,000 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
PATTERSON NEAL L
2800 ROCKCREEK PARKWAY
NORTH KANSAS CITY, MO64117
X Chairman, CEO & President
Signatures
/s/Tyler Wright, by Power of Attorney 02/17/2012
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Price reflects a weighted-average price for the transaction. Sale of shares took place at actual prices ranging from $71.25 to $71.50.
( 2 )Full information regarding the number of shares purchased or sold at each separate price shall be provided upon request by the Commission staff, Cerner Corporation, or a Cerner shareholder.
( 3 )Information disclosed as part of Form 4 filing on 11/9/2009.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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