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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
INFORMATION STATEMENT PURSUANT TO RULES 13D-1 AND 13D-2
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. )(1)
CYBERONICS, INC.
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(Name of Issuer)
Common Stock, $0.01 par value per share
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(Title or Class of Securities)
23251P102
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(CUSIP Number)
May 30, 2003
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(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[_] Rule 13d-1(b)
[X] Rule 13d-1(c)
[_] Rule 13d-1(d)
(1) The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which would
alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of the Act (however, see
the Notes).
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CUSIP No. 23251P102 13G Page 2 of 6 Pages
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1 NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Boston Scientific Corporation
04-2695240
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(SEE INSTRUCTIONS)
(A) [_]
N/A (B) [_]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
The State of Delaware
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NUMBER OF 5 SOLE VOTING POWER
2,080,000 shares as of the Date of Event (May 30, 2003)
SHARES 3,300,000 as of June 6, 2003
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BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 0
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EACH 7 SOLE DISPOSITIVE POWER
2,080,000 shares as of the Date of Event (May 30, 2003)
REPORTING 3,300,000 as of June 6, 2003
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PERSON 8 SHARED DISPOSITIVE POWER
WITH 0
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,080,000 shares as of the Date of Event (May 30, 2003)
3,300,000 as of June 6, 2003
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS) [_]
N/A
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
9.32% as of the Date of Event (May 30, 2003)
14.79% as of June 6, 2003
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12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
CO
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CUSIP No. 23251P102 13G Page 3 of 6 Pages
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ITEM 1(A). NAME OF ISSUER:
Cyberonics, Inc., a Delaware corporation (the "Company")
ITEM 1(B). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
100 Cyberonics Boulevard
Cyberonics Building
Houston, TX 77058
ITEM 2(A). NAME OF PERSON FILING:
Boston Scientific Corporation
ITEM 2(B). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
One Boston Scientific Place
Natick, MA 01760-1537
ITEM 2(C). CITIZENSHIP:
The State of Delaware
ITEM 2(D). TITLE OF CLASS OF SECURITIES:
Common Stock, $0.01 par value per share, (the "shares")
ITEM 2(E). CUSIP NUMBER:
23251P102
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CUSIP No. 23251P102 13G Page 4 of 6 Pages
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ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 13D-1(B), OR
13D-2(B), CHECK WHETHER THE PERSON FILING IS A:
(a) [_] Broker or dealer registered under section 15 of the Act
(15 U.S.C. 78o).
(b) [_] Bank as defined in section 3(a)(6) of the Act
(15 U.S.C. 78c).
(c) [_] Insurance company as defined in section 3(a)(19) of the
Act (15 U.S.C. 78c).
(d) [_] Investment company registered under section 8 of the
Investment Company Act of 1940 (15 U.S.C 80a-8).
(e) [_] An investment adviser in accordance with
ss.240.13d-1(b)(1)(ii)(E);
(f) [_] An employee benefit plan or endowment fund in accordance
with ss.240.13d-1(b)(1)(ii)(F);
(g) [_] A parent holding company or control person in accordance
with ss. 240.13d-1(b)(1)(ii)(G);
(h) [_] A savings associations as defined in Section 3(b) of the
Federal Deposit Insurance Act (12 U.S.C. 1813);
(i) [_] A church plan that is excluded from the definition of an
investment company under section 3(c)(14) of the
Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j) [_] Group, in accordance with ss.240.13d-1(b)(1)(ii)(J).
ITEM 4. OWNERSHIP:
(a) Amount beneficially owned:
2,080,000 shares as of the Date of Event (May 30, 2003)
3,300,000 shares as of June 6, 2003
(b) Percent of class:
9.32% as of the Date of Event (May 30, 2003)
14.79% as of June 6, 2003
(c) Number of shares as to which such person has:
(i) Sole Power to vote or to direct the vote:
2,080,000 shares as of the Date of Event (May 30, 2003)
3,300,000 shares as of June 6, 2003
(ii) Shared power to vote or to direct the vote:
Not applicable
(iii)Sole power to dispose or to direct the disposition of:
2,080,000 shares as of the Date of Event (May 30, 2003)
3,300,000 shares as of June 6, 2003
(iv) Shared power to dispose or to direct the disposition of:
Not applicable
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CUSIP No. 23251P102 13G Page 5 of 6 Pages
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ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS:
If this statement is being filed to report the fact that as of
the date hereof the reporting person has ceased to be the
beneficial owner of more than five percent of the class of
securities, check the following: [_]
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON:
Not applicable.
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH
ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT
HOLDING COMPANY:
Not applicable.
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP:
Not applicable.
ITEM 9. NOTICE OF DISSOLUTION OF A GROUP:
Not applicable.
ITEM 10. CERTIFICATION:
By signing below I certify that, to the best of my knowledge and
belief the securities referred to above were not acquired and
are not held for the purpose of or with the effect of changing
or influencing the control of the issuer of the securities an
were not acquired and are not held in connections with or as a
participant in any transaction having that purpose or effect.
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CUSIP No. 23251P102 13G Page 6 of 6 Pages
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SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
June 9, 2003
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(Date)
By: /s/ Lawrence C. Best
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Name: Lawrence C. Best
Title: Senior Vice-President, Finance &
Administration and Chief Financial Officer