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^*

BERTELSEN JEFFREY A

(Last)

(First)

(Middle)

(Street)

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
CYBEROPTICS CORP [ CYBE ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Chief Financial Officer

3. Date of Earliest Transaction (Month/Day/Year)
12/05/2014

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								20,840⁽¹⁾	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 (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)
Employee Stock Option	$4.99							12/05/2009⁽²⁾	12/05/2015	Common Stock	26,400		26,400	D
Employee Stock Option	$4.8							05/18/2010⁽²⁾	05/18/2016	Common Stock	15,000		15,000	D
Employee Stock Option	$8.71							12/10/2011⁽³⁾	12/10/2017	Common Stock	10,000		10,000	D
Employee Stock Option	$7.3							01/06/2013⁽³⁾	01/06/2019	Common Stock	23,333		23,333	D
Employee Stock Option	$7.48							12/14/2013⁽³⁾	12/14/2019	Common Stock	16,667		16,667	D
Employee Stock Option	$5.39							12/06/2014⁽³⁾	12/06/2020	Common Stock	16,750		16,750	D
Employee Stock Option	$7.7							02/21/2015⁽³⁾	02/21/2021	Common Stock	10,000		10,000	D
Employee Stock Option	$9.62	12/05/2014		A		18,500		12/05/2015⁽³⁾	12/05/2021	Common Stock	18,500	$0	18,500	D

Explanation of Responses:

1. Includes (a) 416 restricted stock units that vest on December 10, 2014; (b) 1,944 restricted stock units that vest in increments of 972 shares on each of January 6, 2015 and 2016; (c) 2,083 restricted stock units that vest in increments of 695 shares on December 14, 2014 and increments of 694 shares on each of December 14, 2015 and 2016;(d) 2,062 restricted stock units that vest in increments of 688 shares on December 6, 2014 and increments of 687 shares on each of December 6, 2016 and 2017; and (e) 3,200 restricted stock units that vest in increments of of 800 shares on each of December 5, 2015, 2016, 2017 and 2018.

2. Fully exercisable.

3. Exercisable with respect to 25% of such shares on such date and with respect to an additional cumulative 25% of such shares on the next three anniversaries of such date.

	Jeffrey A. Bertelsen	12/08/2014
	** 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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