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*
Kulkarni Subodh K

(Last) (First) (Middle)
5900 GOLDEN HILLS DRIVE

(Street)
GOLDEN VALLEY MN 55416

(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)
X Director 10% Owner
X Officer (give title below) Other (specify below)
President and CEO
3. Date of Earliest Transaction (Month/Day/Year)
05/04/2020
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 05/04/2020 M 69,300 A $6.97 158,930(1) D
Common Stock 05/04/2020 F 33,685 D $26.82 125,245(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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Option $6.97 05/04/2020 M 69,300 01/14/2015(2) 01/14/2021 Common Stock 69,300 $0 0 D
Employee Stock Option $9.62 12/05/2015(2) 12/05/2021 Common Stock 38,750 38,750 D
Employee Stock Option $7.18 12/11/2016(3) 12/11/2022 Common Stock 55,000 55,000 D
Employee Stock Option $26.4 12/09/2017(3) 12/09/2023 Common Stock 12,000 12,000 D
Employee Stock Option $15.4 12/08/2018(3) 12/08/2024 Common Stock 20,000 20,000 D
Employee Stock Option $19.46 12/07/2019(3) 12/07/2025 Common Stock 17,500 17,500 D
Employee Stock Option $16.23 12/06/2020(3) 12/06/2026 Common Stock 22,000 22,000 D
Explanation of Responses:
1. Includes (a) 750 shares of restricted stock units that vest on December 9, 2020, (b) 5,000 restricted stock units that vest in increments of 2,500 shares on each of December 8, 2020 and 2021; (c) 6,600 restricted stock units that vest in increments of 2,200 shares on each of December 7, 2020, 2021 and 2022; and (d) 11,000 restricted stock units that vest in increments of 2,750 shares on each of December 6 2020, 2021, 2022 and 2023.
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.
Subodh K. Kulkarni 05/05/2020
** 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.