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*
TOWNSEND JEFFREY A
(Last) (First) (Middle)
2800 ROCKCREEK PARKWY
(Street)
NORTH KANSASCITY MO 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)
Director 10% Owner
X Officer (give title below) Other (specify below)
Exec. VP & Chief of Staff
3. Date of Earliest Transaction (Month/Day/Year)
02/22/2011
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)
Code V Amount (A) or (D) Price
Common Stock 02/22/2011 X 2,000 A $10.5 2,000 D
Common Stock 02/22/2011 X 10,000 A $9.3438 12,000 D
Common Stock 02/22/2011 X 11,080 A $12 23,080 D
Common Stock 02/22/2011 X 20,000 A $21.645 43,080 D
Common Stock 02/22/2011 X 20,000 A $23.115 63,080 D
Common Stock 02/22/2011 S 36,456 D $98.17(1)(2) 26,624 D
Common Stock 02/22/2011 S 26,624 D $99.18(2)(3) 0 D
Common Stock 8,529.11 I by 401(k) Plan
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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Non-Quallified Stock Option (right to buy) $10.5 02/22/2011 X 2,000 07/14/2007 07/03/2012 Common Stock 2,000 $10.5 0 D
Non-Quallified Stock Option (right to buy) $12 02/22/2011 X 11,080 02/10/2008 02/10/2013 Common Stock 11,080 $12 0 D
Non-Quallified Stock Option (right to buy) $9.3438 02/22/2011 X 10,000 06/14/2009 06/14/2011 Common Stock 10,000 $9.3438 0 D
Non-Quallified Stock Option (right to buy) $21.645 02/22/2011 X 20,000 06/14/2006 06/14/2011 Common Stock 20,000 $21.645 0 D
Non-Quallified Stock Option (right to buy) $23.115 02/22/2011 X 20,000 04/05/2007 04/05/2012 Common Stock 20,000 $23.115 0 D
Common Stock (Restricted) $81.9 06/01/2011 06/01/2013 Common Stock 25,000 25,000 D
Non-Qualified Stock Option (right to buy) $40.22 03/14/2013 03/14/2018 Common Stock 0 30,000 D
Non-Qualified Stock Option (right to buy) $36.72 03/06/2011 03/06/2019 Common Stock 27,500 27,500 D
Non-Quallified Stock Option (right to buy) $7.5 02/24/2007 02/24/2022 Common Stock 4,916 4,916 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) $11.295 06/12/2008 06/12/2013 Common Stock 10,000 10,000 D
Non-Quallified Stock Option (right to buy) $20.99 06/03/2009 06/03/2014 Common Stock 24,000 24,000 D
Non-Quallified Stock Option (right to buy) $31.405 06/03/2010 06/03/2015 Common Stock 30,000 30,000 D
Non-Quallified Stock Option (right to buy) $43.51 03/09/2011 03/09/2016 Common Stock 25,000 25,000 D
Non-Quallified Stock Option (right to buy) $53.81 03/09/2012 03/09/2017 Common Stock 25,000 25,000 D
Explanation of Responses:
1. Price reflects a weighted-average price for the transaction. Sale of shares took place at actual prices ranging from $98.00 to $99.00
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. Price reflects a weighted-average price for the transaction. Sale of shares took place at actual prices ranging from $99.01 to $99.75.
Remarks:
/s/Crystal Spoor, by Power of Attorney 02/24/2011
** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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