SEC FORM 4

SEC Form 4

FORM 4

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
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

ILLIG CLIFFORD W

(Last)

(First)

(Middle)

2800 ROCKCREEK PARKWAY

(Street)

NORTH KANSAS CITY

64117

(City)

(State)

(Zip)

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)
	Vice Chairman

3. Date of Earliest Transaction (Month/Day/Year)
03/12/2010

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	03/12/2010		S		13,000	D	$84.04⁽¹⁾⁽²⁾	4,062,927	D
Common Stock								17,377.062	I	by 401(k) Plan
Common Stock								391,334	I	By spouse
Common Stock								27,000	I	By Trust as Co-Trustee
Common Stock								27,000	I	By Trust as Co-Trustee

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 (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	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 (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (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: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Non-Qualified Stock Option (right to buy)	$85.2	03/12/2010		A		10,000⁽³⁾		03/12/2012	03/12/2015	Common Stock	10,000	$85.2	10,000	D
Non-Qualified Stock Option (right to buy)	$40.22							03/14/2013	03/14/2018	Common Stock	10,000		10,000	D
Non-Qualified Stock Option (right to buy)	$36.72							03/06/2011	03/06/2019	Common Stock	10,000		10,000	D
Non-Quallified Stock Option (right to buy)	$53.81							03/09/2012	03/09/2017	Common Stock	10,000		10,000	D
Non-Quallified Stock Option (right to buy)	$14.8125							06/28/2003	06/28/2020	Common Stock	144,000		144,000	D
Non-Quallified Stock Option (right to buy)	$23.115							04/05/2007	04/05/2012	Common Stock	10,000		10,000	D
Non-Quallified Stock Option (right to buy)	$11.295							06/12/2006	06/12/2013	Common Stock	24,000		24,000	D
Non-Quallified Stock Option (right to buy)	$18.04							09/04/2008	09/04/2013	Common Stock	10,000		10,000	D
Non-Quallified Stock Option (right to buy)	$20.99							06/03/2009	06/03/2014	Common Stock	20,000		20,000	D
Non-Quallified Stock Option (right to buy)	$31.405							06/03/2010	06/03/2015	Common Stock	10,000		10,000	D
Non-Quallified Stock Option (right to buy)	$43.51							03/09/2011	03/09/2016	Common Stock	10,000		10,000	D
Variable Prepaid Forward Contract	⁽⁴⁾							⁽⁴⁾	⁽⁴⁾	Common Stock	500,000		500,000	D

Explanation of Responses:

1. Price reflects a weighted-average price for the transaction. Sale of shares took place at actual prices ranging from $84.00 to $84.10.

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. Options are exercisable per the following schedule: 40% - 03/12/2012 20% - 03/12/2013 20% - 03/12/2014 20% - 03/12/2015

4. Information disclosed as part of Form 4 filing on 11/9/2009.

Remarks:

	/s/Crystal Spoor, by Power of Attorney	03/12/2010
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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