Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
Kulkarni Subodh K
  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 & CEO
(Last)
(First)
(Middle)
5900 GOLDEN HILLS DRIVE
3. Date of Earliest Transaction (Month/Day/Year)
12/08/2017
(Street)

GOLDEN VALLEY, MN 55416
4. If Amendment, Date 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
(City)
(State)
(Zip)
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 12/08/2017   A   10,000 (1) A $ 0 60,577 (2) D  

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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 Underlying Securities
(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 of Derivative Security: 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             01/14/2015(3) 01/14/2021 Common Stock 77,000   77,000 D  
Employee Stock Option $ 9.62             12/05/2015(3) 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 12/08/2017   M   20,000   12/08/2018(3) 12/08/2024 Common Stock 20,000 $ 0 20,000 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Kulkarni Subodh K
5900 GOLDEN HILLS DRIVE
GOLDEN VALLEY, MN 55416
  X     President & CEO  

Signatures

 Subodh K. Kulkarni   12/12/2017
**Signature of Reporting Person Date

Explanation of Responses:

* 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).
(1) Grant of restricted stock units.
(2) Includes (a) 5,000 restricted stock units that vest on January 14, 2018, (b) 1,562 restricted stock units that vest on December 5, 2018; (c) 4,374 restricted stock units that vest in increments of 2,187 shares on each of December 11, 2018 and 2019, (d) 2,250 restricted stock units that vest in increments of 750 shares on each of December 9, 2018, 2019 and 2020, and (e) 10,000 restricted stock units that vest in increments of 2,500 shares on each of December 8, 2018, 2019, 2020 and 2021.
(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.

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