Travis Dalton - Aug 6, 2021 Form 4 Insider Report for CERNER Corp (CERN)

Role
EVP & Chief Client & Serv. Off
Signature
/s/ Shane M. Dawson, by Power of Attorney
Stock symbol
CERN
Transactions as of
Aug 6, 2021
Transactions value $
-$107,520
Form type
4
Date filed
8/10/2021, 09:06 AM
Previous filing
Jun 4, 2021
Next filing
Dec 22, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CERN Common Stock Award $0 +2.98K +110.61% $0.00 5.68K Aug 6, 2021 Direct F1, F2
transaction CERN Common Stock Tax liability -$108K -1.34K -23.68% $80.00 4.33K Aug 6, 2021 Direct F3
holding CERN Common Stock 403 Aug 6, 2021 by 401(k) Plan
holding CERN Common Stock 432 Aug 6, 2021 by ASPP account

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding CERN Non-Qualified Stock Option (right to buy) 5K Aug 6, 2021 Common Stock 5K $65.27 Direct
holding CERN Non-Qualified Stock Option (right to buy) 9.7K Aug 6, 2021 Common Stock 9.7K $57.24 Direct
holding CERN Non-Qualified Stock Option (right to buy) 6.44K Aug 6, 2021 Common Stock 6.44K $65.88 Direct
holding CERN Restricted Stock Units 9.61K Aug 6, 2021 Common Stock 9.61K $0.00 Direct
holding CERN Restricted Stock Units 4.51K Aug 6, 2021 Common Stock 4.51K $0.00 Direct
holding CERN Restricted Stock Units 6.67K Aug 6, 2021 Common Stock 6.67K $0.00 Direct
holding CERN Restricted Stock Units 7.26K Aug 6, 2021 Common Stock 7.26K $0.00 Direct
holding CERN Restricted Stock Units 32.9K Aug 6, 2021 Common Stock 32.9K $0.00 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reporting person was granted performance-based restricted stock units ("PSUs") on August 6, 2018, which are earned based on the attainment of certain criteria unrelated to the Company's stock price. Upon satisfaction of the performance criteria, on August 6, 2021, 2,981 PSUs vested. Each PSU represents a contingent right to receive one share of Cerner Corporation common stock.
F2 This transaction represents a grant of restricted stock units to the reporting person by the issuer. Therefore, no consideration other than the value of services rendered was paid for the security.
F3 Shares withheld to satisfy the tax withholdings for the vesting of restricted stock units.