Michael R. Battaglioli - Feb 15, 2022 Form 4 Insider Report for CERNER Corp (CERN)

Role: SVP & Chief Accounting Officer
Signature: /s/ Shane M. Dawson, by Power of Attorney
Stock symbol: CERN
Transactions as of: Feb 15, 2022
Transactions value $: $0
Form type: 4
Date filed: 2/17/2022, 03:02 PM
Previous filing: Jan 21, 2022
Next filing: Mar 8, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	CERN	Common Stock						371	Feb 15, 2022	by 401(k) Plan
holding	CERN	Common Stock						3.91K	Feb 15, 2022	Direct

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
transaction	CERN	Restricted Stock Units	Award	$0	+519	+42.89%	$0.00	1.73K	Feb 15, 2022	Common Stock	519	$0.00	Direct	F1, F2, F3
transaction	CERN	Restricted Stock Units	Award	$0	+941	+89.53%	$0.00	1.99K	Feb 15, 2022	Common Stock	941	$0.00	Direct	F1, F3, F4
holding	CERN	Non-Qualified Stock Option (right to buy)						2K	Feb 15, 2022	Common Stock	2K	$55.74	Direct
holding	CERN	Non-Qualified Stock Option (right to buy)						2.96K	Feb 15, 2022	Common Stock	2.96K	$62.94	Direct
holding	CERN	Restricted Stock Units						697	Feb 15, 2022	Common Stock	697	$0.00	Direct	F1
holding	CERN	Restricted Stock Units						1.41K	Feb 15, 2022	Common Stock	1.41K	$0.00	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The RSUs convert on a one for one basis for shares of common stock, without any consideration.
F2	Reporting person was granted performance-based restricted stock units on April 29, 2019, which are earned based on the attainment of established performance criteria unrelated to the Company's stock price. As a result of our full year 2021 performance relative to the attainment of the established Adjusted Operating Margin performance targets, the number of shares listed in this Table II were banked upon Compensation Committee approval, and will be banked until April 29, 2022, the vest date, subject to continued employment through such date. Each restricted stock unit represents a contingent right to receive one share of Cerner Corporation common stock.
F3	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.
F4	Reporting person was granted performance-based restricted stock units on April 30, 2020, which are earned based on the attainment of established performance criteria unrelated to the Company's stock price. As a result of our full year 2021 performance relative to the attainment of the established Adjusted Operating Margin performance targets, the number of shares listed in this Table II were banked upon Compensation Committee approval, and will be banked until April 28, 2023, the vest date, subject to continued employment through such date. Each restricted stock unit represents a contingent right to receive one share of Cerner Corporation common stock.