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^*

PATTERSON NEAL L

(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)
	Chairman, CEO & President

3. Date of Earliest Transaction (Month/Day/Year)
12/14/2010

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	12/14/2010		S		1,500	D	$93	88,000	I	by Charitable Remainder Trust
Common Stock								11,000	I	by Spouse
Common Stock								4,200,270	D
Common Stock								809,673	I	by Spouse as sole Trustee of Irrevocable Trust for children
Common Stock								52,998	I	by 401(k) Plan
Common Stock								180,269	I	by Grantor Retained Annuity Trust
Common Stock								1,036,530	I	by Revocable Trust
Common Stock								28,100	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)	$40.22							03/14/2013	03/14/2018	Common Stock	0		72,000	D
Non-Qualified Stock Option (right to buy)	$36.72							03/06/2011	03/06/2019	Common Stock	70,000		70,000	D
Non-Qualified Stock Option (right to buy)	$85.2							03/12/2012	03/12/2020	Common Stock	60,000		60,000	D
Non-Quallified Stock Option (right to buy)	$14.8125							06/28/2005	06/28/2020	Common Stock	590,000		590,000	D
Non-Quallified Stock Option (right to buy)	$21.645							06/14/2006	06/14/2011	Common Stock	75,000		75,000	D
Non-Quallified Stock Option (right to buy)	$23.115							04/05/2007	04/05/2012	Common Stock	50,000		50,000	D
Non-Quallified Stock Option (right to buy)	$11.295							06/12/2008	06/12/2013	Common Stock	50,000		50,000	D
Non-Quallified Stock Option (right to buy)	$20.99							06/03/2009	06/03/2014	Common Stock	60,000		60,000	D
Non-Quallified Stock Option (right to buy)	$31.405							06/03/2010	06/03/2015	Common Stock	80,000		80,000	D
Non-Quallified Stock Option (right to buy)	$41.125							09/16/2010	09/16/2015	Common Stock	84,000		84,000	D
Non-Quallified Stock Option (right to buy)	$43.51							03/09/2011	03/09/2016	Common Stock	100,000		100,000	D
Non-Quallified Stock Option (right to buy)	$53.81							03/09/2012	03/09/2017	Common Stock	80,000		80,000	D
Variable Prepaid Forward Contract	⁽¹⁾							⁽¹⁾	⁽¹⁾	Common Stock	500,000		500,000	D

Explanation of Responses:

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

Remarks:

	/s/Crystal Spoor, by Power of Attorney	12/16/2010
	** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.