CERNER (CERN) Form 4 CERNER / NEAL L PATTERSON ownership change

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 MO 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 and CEO

3. Date of Earliest Transaction (Month/Day/Year)
02/10/2017

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	01/06/2017		J(1)		1,000,000	D	$0.00	17,660,573(2)	I	by Revocable Trust
Common Stock	02/10/2017		M		320,000	A	$13.4525	17,980,573(2)	I	by Revocable Trust
Common Stock	02/10/2017		F		182,761	D	$51.5(3)	17,797,812(2)	I	by Revocable Trust
Common Stock	01/06/2017		J(1)		1,000,000	A	$0.00	1,000,000	I	by Grantor Retained Annuity Trust
Common Stock								209,552(2)	I	by Spouse
Common Stock								2,898,940	I	by Spouse as sole Trustee of Irrevocable Trust for children
Common Stock								136,122	I	by 401(k) Plan
Common Stock								250,970	I	by Charitable Remainder Trust
Common Stock								540,230	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Non-Quallified Stock Option (right to buy)	$13.4525	02/10/2017		M			320,000	03/09/2012	03/09/2017	Common Stock	320,000	$13.4525	0	D
Non-Qualified Stock Option (right to buy)	$21.3							03/12/2012	03/12/2020	Common Stock	240,000		240,000	D
Non-Qualified Stock Option (right to buy)	$25.8							03/11/2013	03/11/2021	Common Stock	220,000		220,000	D
Non-Qualified Stock Option (right to buy)	$38.43							03/09/2014	03/09/2022	Common Stock	160,000		160,000	D
Non-Qualified Stock Option (right to buy)	$44.615							03/01/2015	03/01/2023	Common Stock	160,000		160,000	D
Non-Qualified Stock Option (right to buy)	$60.37							03/07/2016	03/07/2024	Common Stock	146,500		146,500	D
Non-Qualified Stock Option (right to buy)	$70.91							03/12/2017	03/12/2025	Common Stock	146,500		146,500	D
Non-Qualified Stock Option (right to buy)	$54.01							03/11/2018	03/11/2026	Common Stock	157,000		157,000	D
Non-Qualified Stock Option (right to buy)	$10.055							03/14/2013	03/14/2018	Common Stock	288,000		288,000	D
Non-Qualified Stock Option (right to buy)	$9.18							03/06/2011	03/06/2019	Common Stock	280,000		280,000	D
Non-Quallified Stock Option (right to buy)	$3.7032							06/28/2005	06/28/2020	Common Stock	1,138,000		1,138,000	D

Explanation of Responses:

1. This transaction is neither a sale nor a purchase. It represents a transfer between trusts in which the reporting person has indirect ownership and as such is a change in form of beneficial ownership.

2. A portion of the reporting person's beneficial ownership (112,000 shares) has been incorrectly reported as held "by Revocable Trust" and is now reported as held "by Spouse". The total beneficial ownership is not affected by the reclassification.

3. Fair market value per share of shares withheld to satisfy the exercise price and tax withholdings of net exercise of options.

Remarks:

	/s/Shane M. Dawson, by Power of Attorney	02/14/2017
	** 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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