Sec Form 4 Filing - Battaglioli Michael R. @ CERNER Corp - 2022-02-15

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
Battaglioli Michael R.
2. Issuer Name and Ticker or Trading Symbol
CERNER Corp [ CERN]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
SVP & Chief Accounting Officer
(Last) (First) (Middle)
2800 ROCK CREEK PKWY
3. Date of Earliest Transaction (MM/DD/YY)
02/15/2022
(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 371 I by 401(k) Plan
Common Stock 3,910 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
Restricted Stock Units $ 0( 1 ) 02/15/2022 A 519( 2 ) 04/29/2022 04/29/2022 Common Stock 519 $ 0( 3 ) 1,729 D
Restricted Stock Units $ 0( 1 ) 02/15/2022 A 941( 4 ) 04/28/2023 04/28/2023 Common Stock 941 $ 0( 3 ) 1,992 D
Non-Qualified Stock Option (right to buy) $ 55.74 03/03/2019 03/03/2027 Common Stock 2,000 2,000 D
Non-Qualified Stock Option (right to buy) $ 62.94 03/02/2020 03/02/2028 Common Stock 2,960 2,960 D
Restricted Stock Units $ 0( 1 ) 04/30/2021 04/28/2023 Common Stock 697 697 D
Restricted Stock Units $ 0( 1 ) 05/07/2022 05/07/2024 Common Stock 1,414 1,414 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Battaglioli Michael R.
2800 ROCK CREEK PKWY
NORTH KANSAS CITY, MO64117
SVP & Chief Accounting Officer
Signatures
/s/ Shane M. Dawson, by Power of Attorney 02/17/2022
Signature of Reporting Person Date
Explanation of Responses:
( 1 )The RSUs convert on a one for one basis for shares of common stock, without any consideration.
( 2 )Reporting person was granted performance-based restricted stock units on April 29, 2019, 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 29, 2022, 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.
( 3 )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.
( 4 )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.

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