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<TITLE>CYBEROPTICS CORPORATION FORM S-8 -- MAY, 2004</TITLE></HEAD>
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<P ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Registration No. 333-________ </FONT></P>

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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>SECURITIES AND EXCHANGE
COMMISSION<BR>Washington, D.C. 20549 </FONT></P>

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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>FORM S-8<BR>
REGISTRATION STATEMENT<BR> Under<BR> The Securities Act of 1933</FONT></P>
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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>CYBEROPTICS CORPORATION
<BR>(Exact name of issuer as specified in its charter) </FONT></P>

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     <TD WIDTH="48%" ALIGN="CENTER" NOWRAP><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Minnesota</FONT></TD>
     <TD WIDTH=2% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD WIDTH="48%" ALIGN="CENTER" NOWRAP><FONT FACE="Times New Roman, Times, Serif" SIZE=2>41-1472057</FONT></TD>
     <TD WIDTH=2% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
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     <TD ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(State or other jurisdiction of</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(I.R.S. Employer Identification No.)</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
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     <TD ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;incorporation or organization)</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>5900 Golden Hills Drive
<BR>Golden Valley, Minnesota 55416
<BR>(Address of Principal Executive Offices) (Zip Code) </FONT></P>

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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>CYBEROPTICS CORPORATION EMPLOYEE STOCK PURCHASE PLAN, AS AMENDED
<BR>NONQUALIFIED STOCK OPTION AGREEMENT DATED 2/15/2002 WITH KATHLEEN P. IVERSON
<BR>NONQUALIFIED STOCK OPTION AGREEMENT DATED 8/10/2001 WITH STEVEN K. CASE
<BR>NONQUALIFIED STOCK OPTION AGREEMENT DATED 8/10/2001 WITH STEVEN M. QUIST
<BR>NONQUALIFIED STOCK OPTION AGREEMENT DATED 7/10/2001 WITH THOMAS BUSHMAN
<BR>NONQUALIFIED STOCK OPTION AGREEMENT DATED 8/10/2001 WITH SWAMINATHAN MANICKAM
<BR>(Full title of the plan) </FONT></P>

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     <TD WIDTH="48%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Kathleen P. Iverson</FONT></TD>
     <TD WIDTH=2% ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD WIDTH=48% ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Copy to:</FONT></TD>
     <TD WIDTH=2% ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
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     <TD ALIGN="CENTER" WIDTH="48%"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>President</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Thomas Martin</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
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     <TD ALIGN="CENTER" WIDTH="48%"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>CyberOptics Corporation</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Dorsey &amp; Whitney LLP</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
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     <TD ALIGN="CENTER" WIDTH="48%"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>5900 Golden Hills Drive</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Suite 1500</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
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     <TD ALIGN="CENTER" WIDTH="48%"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Golden Valley, Minnesota 55416</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>50 South Sixth Street</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
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     <TD ALIGN="CENTER" WIDTH="48%"><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(Name and address of agent for service)</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Minneapolis, MN 55402</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(612)
542-5000<BR> (Telephone number, including area code, of agent for service)<BR> </FONT></P>
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     <TH COLSPAN=15><FONT FACE="Times New Roman, Times, Serif" SIZE=1>CALCULATION OF REGISTRATION FEE</FONT></TH></TR>
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     <TH COLSPAN=3><FONT FACE="Times New Roman, Times, Serif" SIZE=1>Title of securities<BR>
to be registered</FONT></TH>
     <TH COLSPAN=3><FONT FACE="Times New Roman, Times, Serif" SIZE=1>Amount to be<BR>
registered(1)</FONT></TH>
     <TH COLSPAN=3><FONT FACE="Times New Roman, Times, Serif" SIZE=1>Proposed maximum<BR>
offering<BR>
price per share(2)</FONT></TH>
     <TH COLSPAN=3><FONT FACE="Times New Roman, Times, Serif" SIZE=1>Proposed maximum<BR>
aggregate<BR>
offering price(2)</FONT></TH>
     <TH COLSPAN=3><FONT FACE="Times New Roman, Times, Serif" SIZE=1>Amount of<BR>
registration<BR>
fee</FONT></TH></TR>
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     <TD WIDTH=38% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Common Stock, no par value</FONT></TD>
     <TD WIDTH=1% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD WIDTH=3% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD WIDTH=1% ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD><TD WIDTH=12% ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>192,000</FONT></TD>
        <TD WIDTH=4% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD WIDTH=1% ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>$</FONT></TD><TD WIDTH=8% ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2> 15.878</FONT></TD>
        <TD WIDTH=4% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD WIDTH=1% ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>$</FONT></TD><TD WIDTH=12% ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2> 3,048,500</FONT></TD>
        <TD WIDTH=4% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD WIDTH=1% ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>$</FONT></TD><TD WIDTH=8% ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2> 386.43</FONT></TD>
        <TD WIDTH=2% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
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<P><FONT FACE="Times New Roman, Times, Serif" STYLE="font-size:8pt">(1)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The number of shares being
registered represents 100,000 shares of Common Stock which may be issued pursuant to the
CyberOptics Corporation Employee Stock Purchase Plan, as amended, 50,000 shares that may
be issued under a nonqualified stock option agreement dated February 15, 2002 to
Kathleen P. Iverson, 12,000 shares that may be issued under a nonqualified stock option
agreement dated August 10, 2001 to Steven K. Case, 12,000 shares that may be issued under
a nonqualified stock option agreement dated August 10, 2001 to Steven M. Quist, 10,000
shares that may be issued under a nonqualified stock option agreement dated July 10, 2001
to Thomas Bushman, and 8,000 shares that may be issued under a nonqualified stock option
agreement dated July 10, 2001 to Swaminathan Manickam. Pursuant to Rule 416(a) of the
Securities Act of 1933, this registration statement also covers any additional securities
that may be offered or issued to prevent dilution resulting from stock splits, stock
dividends or similar transactions in accordance with the terms of the plan. </FONT> </P>

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<P><FONT FACE="Times New Roman, Times, Serif" STYLE="font-size:8pt">(2)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Estimated solely for the
purpose of determining the registration fee pursuant to Rule 457(c) and Rule 457(h) under
the Securities Act of 1933, as amended. The proposed maximum offering price is based upon
the average of the high and low selling prices of such Common Stock as quoted on the
Nasdaq National Market on May 26, 2004 for 100,000 shares of such Common Stock issuable
pursuant to the CyberOptics Employee Stock Purchase Plan, as amended and the exercise
prices of $11.87, $11.00, $11.00, $10.50 and $10.50 of the stock options held by Ms.
Iverson, Mr. Quist, Dr. Case, Mr. Bushman and Mr. Mancikam, respectively. </FONT> </P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>Additional Shares; Incorporation
by Reference.</B> This Registration Statement is executed in part for the purpose of
registering 100,000 additional shares of Common Stock of CyberOptics Corporation (the
&#147;Company&#148;) to be offered pursuant to the terms of the Company&#146;s Employee
Stock Purchase Plan, as amended. The Company&#146;s previous Registration Statements on
Form S-8, dated August 16, 1999 (File No. 333-85321) and August 5, 1992 (File No.
33-50510), as effective, relate to the Company&#146;s Employee Stock Purchase Plan, as
amended, and pursuant to General Instruction E, are hereby incorporated by reference. </FONT></P>

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<A NAME=A001></A>
<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Part II<BR>Information
Required in the Registration Statement  </FONT></H1>

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<A NAME=A003></A>
<P><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>Item 3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Incorporation of Documents
by Reference.</B> </FONT> </P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
following documents that we have filed with the Securities and Exchange Commission are
incorporated by reference into this registration statement: </FONT></P>

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<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(a)  </FONT></TD>
<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>our annual
report on Form&nbsp;10-K for the fiscal year ended December 31,&nbsp;2003;
</FONT></TD>
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<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(b)  </FONT></TD>
<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>our quarterly
report on Form 10-Q for the quarter ended March 31, 2004; </FONT></TD>
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<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(c)  </FONT></TD>
<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>our current
reports on Form&nbsp;8-K filed on January 22, 2004, February 18, 2004 and April
27, 2004; and </FONT></TD>
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<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(d)  </FONT></TD>
<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>the description
of our common stock contained in any registration statement or report that we
have filed under the Securities Exchange Act of 1934, as amended, including any
amendment or report filed for the purpose of updating such description.
</FONT></TD>
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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All
documents that we have filed pursuant to Sections&nbsp;13(a), 13(c), 14 and 15(d) of the
Securities Exchange Act of 1934, as amended, subsequent to the date of this registration
statement and prior to the filing of a post-effective amendment indicating that all
securities offered by this registration statement have been sold, or deregistering all
securities remaining unsold, shall be deemed to be incorporated by reference in this
registration statement and to be a part hereof from the respective dates of filing of such
documents. </FONT></P>

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<A NAME=A004></A>
<P><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>Item 4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Description
of Securities.</B> </FONT> </P>

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<A NAME=A005></A>
<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not
applicable. </FONT></P>

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<A NAME=A006></A>
<P><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>Item 5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interests
of Named Experts and Counsel.</B> </FONT> </P>

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<A NAME=A007></A>
<P ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not
applicable. </FONT></P>

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<A NAME=A008></A>
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><B>Item 6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Indemnification
of Directors and Officers.</B> </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section
302A.521, subd. 2, of the Minnesota Business Corporation Act (the &#147;MBCA&#148;)
requires us to indemnify a person made or threatened to be made a party to a proceeding by
reason of the former or present official capacity of the person with us against judgments,
penalties, fines, including, without limitation, excise taxes assessed against the person
with respect to an employee benefit plan, settlements and reasonable expenses, including
attorneys&#146; fees and disbursements, incurred by the person in connection with the
proceeding (collectively &#147;Losses&#148;) if, with respect to the same acts or
omissions, such person: (1) has not been indemnified by another organization or employee
benefit plan for the same Losses; (2) acted in good faith; (3) received no improper
personal benefit, and statutory procedures have been followed in the case of any conflict
of interest by a director; (4) in the case of a criminal proceeding, had no reasonable
cause to believe the conduct was unlawful; and (5) in the case of acts or omissions
occurring in the person&#146;s official capacity as director, officer, member of a
committee of the board or employee, reasonably believed that the conduct was in the best
interests of the corporation, or in the case of acts or omissions occurring in a
director&#146;s, officer&#146;s or employee&#146;s capacity as a director, officer,
partner, trustee, employee or agent of another organization or employee benefit plan,
reasonably believed that the conduct was not opposed to the best interests of the
corporation. </FONT></P>

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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>2</FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Article
9 of our Articles of Incorporation, as amended, provides that none of our directors shall
be personally liable to us or our shareholders for monetary damages for breach of
fiduciary duty as a director. Article 9 does not, however, limit or eliminate the
liability of a director to the extent provided by applicable law for (i) any breach of the
director&#146;s duty of loyalty to us or our shareholders, (ii) acts or omissions not in
good faith or which involve intentional misconduct or a knowing violation of law, (iii)
authorizing a dividend, stock repurchase or redemption or other distribution in violation
of Minnesota law or for violation of certain provisions of Minnesota securities laws or
(iv) any transaction from which the director derived an improper personal benefit. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Our
Restated Bylaws require us to indemnify such persons, for such liabilities and expenses,
in such manner, under such circumstances, and to such extent as is permitted by Section
302A.521 of the MBCA, as now enacted or hereafter amended. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We
also maintains an insurance policy or policies to assist in funding our indemnification
obligations with respects to directors and officers for certain liabilities. </FONT></P>

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<A NAME=A009></A>
<P><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>Item 7.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Exemption
from Registration Claimed.</B> </FONT> </P>

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<A NAME=A010></A>
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Not applicable.  </FONT></P>

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<A NAME=A011></A>
<P><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>Item 8.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Exhibits.</B> </FONT> </P>

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<TR VALIGN=Bottom>
     <TH COLSPAN="2" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="1"><U>Exhibit Number</U> </FONT></TH>
     <TH COLSPAN="2" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="1"><U>Description</U> </FONT></TH></TR>
<TR>
<TD>&nbsp;</TD></TR>
<TR VALIGN=Top>
     <TD WIDTH=10% ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>4.1</FONT></TD>
        <TD WIDTH=4% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2></FONT></TD>
     <TD WIDTH=85% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>CyberOptics Corporation Employee Stock Purchase Plan, as amended.</FONT></TD>
     <TD WIDTH=1% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
<TR VALIGN=Top>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>4.2</FONT></TD>
        <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2></FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>NonQualified Stock Option Agreement dated February 14, 2002 between the Company and Kathleen P. Iverson</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
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     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>4.3</FONT></TD>
        <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2></FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>NonQualified Stock Option Agreement dated August 10, 2001 between the Company and Steven M. Quist</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
<TR VALIGN=Top>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>4.4</FONT></TD>
        <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2></FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>NonQualified Stock Option Agreement dated August 10, 2001 between the Company and Steven K. Case</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
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     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>4.5</FONT></TD>
        <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2></FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Nonqualified Stock Option Agreement dated July 10, 2001 between the Company and Thomas Bushman</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
<TR VALIGN=Top>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>4.6</FONT></TD>
        <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2></FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>NonQualified Stock Option Agreement dated July 10, 2001 between the Company and Swaminathan Manickam</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
<TR VALIGN=Top>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>5.1</FONT></TD>
        <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2></FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Opinion of Dorsey &amp; Whitney LLP</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
<TR VALIGN=Top>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>23.1</FONT></TD>
        <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2></FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Consent of PricewaterhouseCoopers LLP</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
<TR VALIGN=Top>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>23.2</FONT></TD>
        <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2></FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Consent of Dorsey &amp; Whitney LLP (included in Exhibit 5.1 above)</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
<TR VALIGN=Top>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>24.1</FONT></TD>
        <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2></FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Power of Attorney (included in the signature page to this Registration Statement).</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
</TABLE>
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<A NAME=A012></A>
<P><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>Item 9.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Undertakings.</B> </FONT> </P>

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<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(a) </FONT></TD>
<TD><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>The
undersigned registrant hereby undertakes:  </FONT></TD>
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<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;               To
file, during any period in which offers or sales are being made, a
post-effective amendment to this registration statement: </FONT>
</TD>
</TR>
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<TD WIDTH=15%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=85%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;               To
include any prospectus required by Section&nbsp;10(a)(3) of the Securities Act of 1933,
as amended (the &#147;Securities Act&#148;);  </FONT>
</TD>
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<TD WIDTH=15%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=85%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;               To
reflect in the prospectus any facts or events arising after the effective date
of the registration statement (or the most recent post-effective amendment
thereof) which, individually or in the aggregate, represent a fundamental change
in the information set forth in the registration statement. Notwithstanding the
foregoing, any increase or decrease in volume of securities offered (if the
total dollar value of securities offered would not exceed that which was
registered) and any deviation from the low or high end of the estimated maximum
offering range may be reflected in the form of prospectus filed with the
Commission pursuant to Rule&nbsp;424(b) if, in the aggregate, the changes in
volume and price represent no more than a 20% change in the </FONT>
</TD>
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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>3</FONT></P>

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<TD WIDTH=15%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=85%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
maximum aggregate offering price set forth in the &#147;Calculation of
Registration Fee&#148;table in the effective registration statement; and
</FONT></TD>
</TR>
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<TD WIDTH=15%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=85%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;               To
include any material information with respect to the plan of distribution not
previously disclosed in the registration statement or any material change to
such information in the registration statement; </FONT>
</TD>
</TR>
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<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
Provided, however, that paragraphs&nbsp;(a)(1)(i) and (a)(1)(ii) above do not
apply if the information required to be included in a post-effective amendment
by those paragraphs is contained in periodic reports filed with or furnished to
the Commission by the registrant pursuant to Section&nbsp;13 or
Section&nbsp;15(d) of the Exchange Act that are incorporated by reference in the
registration statement. </FONT></TD>
</TR>
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<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;               That,
for the purpose of determining any liability under the Securities Act, each such
post-effective amendment shall be deemed to be a new registration statement
relating to the securities offered therein, and the offering of such securities
at that time shall be deemed to be the initial bona fide offering thereof.
</FONT>
</TD>
</TR>
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<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;               To
remove from registration by means of a post-effective amendment any of the
securities being registered which remain unsold at the termination of the
offering. </FONT>
</TD>
</TR>
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<BR>

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<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=95%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;          The
undersigned registrant hereby undertakes that, for purposes of determining any liability
under the Securities Act, each filing of the registrant&#146;s annual report pursuant to
Section&nbsp;13(a) or Section&nbsp;15(d) of the Exchange Act that is incorporated by
reference in the registration statement shall be deemed to be a new registration
statement relating to the securities offered therein, and the offering of such securities
at that time shall be deemed to be the initial bona fide offering thereof.  </FONT>
</TD>
</TR>
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<BR>

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<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp; </FONT></TD>
<TD WIDTH=95%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;          Insofar
as indemnification for liabilities arising under the Securities Act may be permitted to
directors, officers and controlling persons of the registrant pursuant to the foregoing
provisions, or otherwise, the registrant has been advised that in the opinion of the
Commission such indemnification is against public policy as expressed in the Securities
Act and is, therefore, unenforceable. In the event that a claim for indemnification
against such liabilities (other than the payment by the registrant of expenses incurred
or paid by a director, officer or controlling person of the registrant in the successful
defense of any action, suit or proceeding) is asserted by such director, officer or
controlling person in connection with the securities being registered, the registrant
will, unless in the opinion of its counsel the matter has been settled by controlling
precedent, submit to a court of appropriate jurisdiction the question whether such
indemnification by it is against public policy as expressed in the Securities Act and
will be governed by the final adjudication of such issue.  </FONT>
</TD>
</TR>
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<BR>

<BR><BR><BR><BR><BR>

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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>4</FONT></P>

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<A NAME=A013></A>
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>SIGNATURES </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant
to the requirements of the Securities Act of 1933, the Registrant certifies that it has
reasonable grounds to believe that it meets all of the requirements for filing on Form S-8
and has duly caused this Registration Statement to be signed on its behalf by the
undersigned, thereunto duly authorized, in the City of Golden Valley, State of Minnesota,
on this 25th day of May, 2004. </FONT></P>

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     <TD WIDTH=50% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2></FONT></TD>
     <TD WIDTH=50% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>CYBEROPTICS CORPORATION</FONT></TD></TR>
<TR>
<TD>&nbsp;</TD></TR>
<TR VALIGN=top>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2></FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><br>By: <U>/s/ Kathleen P. Iverson&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><BR>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Kathleen P. Iverson, President </FONT></TD></TR>
</TABLE>
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<A NAME=A014></A>
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>POWER OF ATTORNEY </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
officers and directors of CyberOptics Corporation, whose signatures appear below, hereby
constitute and appoint Kathleen P. Iverson and Scott G. Larson, and each of them (with
full power to each of them to act alone), the true and lawful attorney-in-fact to sign and
execute on behalf of the undersigned, any amendment or amendments to this Registration
Statement of CyberOptics Corporation, and each of the undersigned does hereby ratify and
confirm all that said attorneys shall do or cause to be done by virtue thereof. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant
to the requirements of the Securities Act of 1933, this Registration Statement has been
signed by the following persons in the capacities and on the date indicated. </FONT></P>

<TABLE CELLPADDING=0 CELLSPACING=0 BORDER=0 ALIGN=CENTER WIDTH=700>
<TR VALIGN=Bottom>
     <TH COLSPAN="2" ALIGN="LEFT"><FONT FACE="Times New Roman, Times, Serif" SIZE="1"><U>Name</U> </FONT></TH>
     <TH COLSPAN=2><FONT FACE="Times New Roman, Times, Serif" SIZE="1"><U>Title</U> </FONT></TH>
     <TH COLSPAN=2><FONT FACE="Times New Roman, Times, Serif" SIZE=1></FONT></TH></TR>
<TR>
<TD>&nbsp;</TD></TR>
<TR VALIGN=Top>
     <TD WIDTH=30% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><U>/s/ Kathleen P. Iverson</U> </FONT></TD>
     <TD WIDTH=3% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD WIDTH=30% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>President, CEO and Director</FONT></TD>
     <TD WIDTH=4% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD WIDTH=30% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>May 25, 2004</FONT></TD>
     <TD WIDTH=3% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
<TR VALIGN=Top>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Kathleen P. Iverson</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(PRINCIPAL EXECUTIVE OFFICER)</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
<TR>
<TD>&nbsp;</TD></TR>
<TR VALIGN=Top>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><U>/s/ Steven K. Case</U> </FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Chairman and Director</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>May 21, 2004</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
<TR VALIGN=Top>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Steven K. Case</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
<TR>
<TD>&nbsp;</TD></TR>
<TR VALIGN=Top>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><U>/s/ Alex B. Cimochowski</U> </FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Director</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>May 21, 2004</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
<TR VALIGN=Top>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Alex B. Cimochowski</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
<TR>
<TD>&nbsp;</TD></TR>
<TR VALIGN=Top>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><U>/s/ Michael M. Selzer, Jr.</U> </FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Director</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>May 21, 2004</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
<TR VALIGN=Top>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Michael M. Selzer, Jr</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
<TR>
<TD>&nbsp;</TD></TR>
<TR VALIGN=Top>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><U>/s/ Irene M. Qualters</U> </FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Director</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>May 21, 2004</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
<TR VALIGN=Top>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Irene M. Qualters</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
<TR>
<TD>&nbsp;</TD></TR>
<TR VALIGN=Top>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><U>/s/ Erwin A. Kelen</U> </FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Director</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>May 20, 2004</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
<TR VALIGN=Top>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Erwin A. Kelen</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
<TR>
<TD>&nbsp;</TD></TR>
<TR VALIGN=Top>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><U>/s/ Scott G. Larson</U> </FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Vice President and</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>May 26, 2004</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
<TR VALIGN=Top>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Scott G. Larson</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Chief Financial Officer<BR>(PRINCIPAL ACCOUNTING OFFICER)</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
</TABLE>
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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>5</FONT></P>

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<A NAME=A015></A>
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>EXHIBIT INDEX </FONT></P>




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<TR VALIGN=Bottom>
     <TH COLSPAN=2><FONT FACE="Times New Roman, Times, Serif" SIZE=1>Exhibit Number</FONT></TH>
     <TH COLSPAN=2><FONT FACE="Times New Roman, Times, Serif" SIZE=1>Description</FONT></TH></TR>
<TR>
<TD>&nbsp;</TD></TR>
<TR VALIGN=Top>
     <TD WIDTH=10% ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>4.1</FONT></TD>
        <TD WIDTH=3% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2></FONT></TD>
     <TD WIDTH=85% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>CyberOptics Corporation Employee Stock Purchase Plan, as amended</FONT></TD>
     <TD WIDTH=2% ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
<TR>
<TD>&nbsp;</TD></TR>
<TR VALIGN=Top>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>4.2</FONT></TD>
        <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2></FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>NonQualified Stock Option Agreement dated February 14, 2002 between the Company and Kathleen P. Iverson</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
<TR>
<TD>&nbsp;</TD></TR>
<TR VALIGN=Top>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>4.3</FONT></TD>
        <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2></FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>NonQualified Stock Option Agreement dated August 10, 2001 between the Company and Steven M. Quist</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
<TR>
<TD>&nbsp;</TD></TR>
<TR VALIGN=Top>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>4.4</FONT></TD>
        <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2></FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>NonQualified Stock Option Agreement dated August 10, 2001 between the Company and Steven K. Case</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
<TR>
<TD>&nbsp;</TD></TR>
<TR VALIGN=Top>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>4.5</FONT></TD>
        <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2></FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>NonQualified Stock Option Agreement dated July 10, 2001 between the Company and Thomas Bushman</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
<TR>
<TD>&nbsp;</TD></TR>
<TR VALIGN=Top>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>4.6</FONT></TD>
        <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2></FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>NonQualified Stock Option Agreement dated July 10, 2001 between the Company and Swaminathan Manickam</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
<TR>
<TD>&nbsp;</TD></TR>
<TR VALIGN=Top>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>5.1</FONT></TD>
        <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2></FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Opinion of Dorsey &amp; Whitney LLP</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
<TR>
<TD>&nbsp;</TD></TR>
<TR VALIGN=Top>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>23.1</FONT></TD>
        <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2></FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Consent of PricewaterhouseCoopers LLP</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
<TR>
<TD>&nbsp;</TD></TR>
<TR VALIGN=Top>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>23.2</FONT></TD>
        <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2></FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Consent of Dorsey &amp; Whitney LLP (included in Exhibit 5.1 above)</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
<TR>
<TD>&nbsp;</TD></TR>
<TR VALIGN=Top>
     <TD ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>24.1</FONT></TD>
        <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2></FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Power of Attorney (included in the signature page to this Registration Statement)</FONT></TD><TD ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD></TR>
</TABLE>
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{"company-data": {"conformed-name": "CYBEROPTICS CORP", "cik": "0000768411", "assigned-sic": "3827", "irs-number": "411472057", "state-of-incorporation": "MN", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-115973", "film-number": "04837221"}, "business-address": {"street1": "5900 GOLDEN HILLS DR", "city": "MINNEAPOLIS", "state": "MN", "zip": "55416", "phone": "6125425000"}}
CYBEROPTICS CORPORATION FORM S-8 -- MAY, 2004
Registration No. 333-________
SECURITIES AND EXCHANGE
COMMISSION
Washington, D.C. 20549
FORM S-8
REGISTRATION STATEMENT
Under
The Securities Act of 1933
CYBEROPTICS CORPORATION
(Exact name of issuer as specified in its charter)
Minnesota
41-1472057
(State or other jurisdiction of
(I.R.S. Employer Identification No.)
incorporation or organization)
5900 Golden Hills Drive
Golden Valley, Minnesota 55416
(Address of Principal Executive Offices) (Zip Code)
CYBEROPTICS CORPORATION EMPLOYEE STOCK PURCHASE PLAN, AS AMENDED
NONQUALIFIED STOCK OPTION AGREEMENT DATED 2/15/2002 WITH KATHLEEN P. IVERSON
NONQUALIFIED STOCK OPTION AGREEMENT DATED 8/10/2001 WITH STEVEN K. CASE
NONQUALIFIED STOCK OPTION AGREEMENT DATED 8/10/2001 WITH STEVEN M. QUIST
NONQUALIFIED STOCK OPTION AGREEMENT DATED 7/10/2001 WITH THOMAS BUSHMAN
NONQUALIFIED STOCK OPTION AGREEMENT DATED 8/10/2001 WITH SWAMINATHAN MANICKAM
(Full title of the plan)
Kathleen P. Iverson
Copy to:
President
Thomas Martin
CyberOptics Corporation
Dorsey & Whitney LLP
5900 Golden Hills Drive
Suite 1500
Golden Valley, Minnesota 55416
50 South Sixth Street
(Name and address of agent for service)
Minneapolis, MN 55402
(612)
542-5000
(Telephone number, including area code, of agent for service)
CALCULATION OF REGISTRATION FEE
Title of securities
to be registered
Amount to be
registered(1)
Proposed maximum
offering
price per share(2)
Proposed maximum
aggregate
offering price(2)
Amount of
registration
fee
Common Stock, no par value
192,000
$
15.878
$
3,048,500
$
386.43
(1)     The number of shares being
registered represents 100,000 shares of Common Stock which may be issued pursuant to the
CyberOptics Corporation Employee Stock Purchase Plan, as amended, 50,000 shares that may
be issued under a nonqualified stock option agreement dated February 15, 2002 to
Kathleen P. Iverson, 12,000 shares that may be issued under a nonqualified stock option
agreement dated August 10, 2001 to Steven K. Case, 12,000 shares that may be issued under
a nonqualified stock option agreement dated August 10, 2001 to Steven M. Quist, 10,000
shares that may be issued under a nonqualified stock option agreement dated July 10, 2001
to Thomas Bushman, and 8,000 shares that may be issued under a nonqualified stock option
agreement dated July 10, 2001 to Swaminathan Manickam. Pursuant to Rule 416(a) of the
Securities Act of 1933, this registration statement also covers any additional securities
that may be offered or issued to prevent dilution resulting from stock splits, stock
dividends or similar transactions in accordance with the terms of the plan.
(2)     Estimated solely for the
purpose of determining the registration fee pursuant to Rule 457(c) and Rule 457(h) under
the Securities Act of 1933, as amended. The proposed maximum offering price is based upon
the average of the high and low selling prices of such Common Stock as quoted on the
Nasdaq National Market on May 26, 2004 for 100,000 shares of such Common Stock issuable
pursuant to the CyberOptics Employee Stock Purchase Plan, as amended and the exercise
prices of $11.87, $11.00, $11.00, $10.50 and $10.50 of the stock options held by Ms.
Iverson, Mr. Quist, Dr. Case, Mr. Bushman and Mr. Mancikam, respectively.
Additional Shares; Incorporation
by Reference.
This Registration Statement is executed in part for the purpose of
registering 100,000 additional shares of Common Stock of CyberOptics Corporation (the
"Company") to be offered pursuant to the terms of the Company's Employee
Stock Purchase Plan, as amended. The Company's previous Registration Statements on
Form S-8, dated August 16, 1999 (File No. 333-85321) and August 5, 1992 (File No.
33-50510), as effective, relate to the Company's Employee Stock Purchase Plan, as
amended, and pursuant to General Instruction E, are hereby incorporated by reference.
Part II
Information
Required in the Registration Statement
Item 3.        Incorporation of Documents
by Reference.
The
following documents that we have filed with the Securities and Exchange Commission are
incorporated by reference into this registration statement:
(a)
our annual
report on Form 10-K for the fiscal year ended December 31, 2003;
(b)
our quarterly
report on Form 10-Q for the quarter ended March 31, 2004;
(c)
our current
reports on Form 8-K filed on January 22, 2004, February 18, 2004 and April
27, 2004; and
(d)
the description
of our common stock contained in any registration statement or report that we
have filed under the Securities Exchange Act of 1934, as amended, including any
amendment or report filed for the purpose of updating such description.
All
documents that we have filed pursuant to Sections 13(a), 13(c), 14 and 15(d) of the
Securities Exchange Act of 1934, as amended, subsequent to the date of this registration
statement and prior to the filing of a post-effective amendment indicating that all
securities offered by this registration statement have been sold, or deregistering all
securities remaining unsold, shall be deemed to be incorporated by reference in this
registration statement and to be a part hereof from the respective dates of filing of such
documents.
Item 4.        Description
of Securities.
Not
applicable.
Item 5.        Interests
of Named Experts and Counsel.
Not
applicable.
Item 6.        Indemnification
of Directors and Officers.
Section
302A.521, subd. 2, of the Minnesota Business Corporation Act (the "MBCA")
requires us to indemnify a person made or threatened to be made a party to a proceeding by
reason of the former or present official capacity of the person with us against judgments,
penalties, fines, including, without limitation, excise taxes assessed against the person
with respect to an employee benefit plan, settlements and reasonable expenses, including
attorneys' fees and disbursements, incurred by the person in connection with the
proceeding (collectively "Losses") if, with respect to the same acts or
omissions, such person: (1) has not been indemnified by another organization or employee
benefit plan for the same Losses; (2) acted in good faith; (3) received no improper
personal benefit, and statutory procedures have been followed in the case of any conflict
of interest by a director; (4) in the case of a criminal proceeding, had no reasonable
cause to believe the conduct was unlawful; and (5) in the case of acts or omissions
occurring in the person's official capacity as director, officer, member of a
committee of the board or employee, reasonably believed that the conduct was in the best
interests of the corporation, or in the case of acts or omissions occurring in a
director's, officer's or employee's capacity as a director, officer,
partner, trustee, employee or agent of another organization or employee benefit plan,
reasonably believed that the conduct was not opposed to the best interests of the
corporation.
2
Article
9 of our Articles of Incorporation, as amended, provides that none of our directors shall
be personally liable to us or our shareholders for monetary damages for breach of
fiduciary duty as a director. Article 9 does not, however, limit or eliminate the
liability of a director to the extent provided by applicable law for (i) any breach of the
director's duty of loyalty to us or our shareholders, (ii) acts or omissions not in
good faith or which involve intentional misconduct or a knowing violation of law, (iii)
authorizing a dividend, stock repurchase or redemption or other distribution in violation
of Minnesota law or for violation of certain provisions of Minnesota securities laws or
(iv) any transaction from which the director derived an improper personal benefit.
Our
Restated Bylaws require us to indemnify such persons, for such liabilities and expenses,
in such manner, under such circumstances, and to such extent as is permitted by Section
302A.521 of the MBCA, as now enacted or hereafter amended.
We
also maintains an insurance policy or policies to assist in funding our indemnification
obligations with respects to directors and officers for certain liabilities.
Item 7.        Exemption
from Registration Claimed.
Not applicable.
Item 8.        Exhibits.
Exhibit Number
Description
4.1
CyberOptics Corporation Employee Stock Purchase Plan, as amended.
4.2
NonQualified Stock Option Agreement dated February 14, 2002 between the Company and Kathleen P. Iverson
4.3
NonQualified Stock Option Agreement dated August 10, 2001 between the Company and Steven M. Quist
4.4
NonQualified Stock Option Agreement dated August 10, 2001 between the Company and Steven K. Case
4.5
Nonqualified Stock Option Agreement dated July 10, 2001 between the Company and Thomas Bushman
4.6
NonQualified Stock Option Agreement dated July 10, 2001 between the Company and Swaminathan Manickam
5.1
Opinion of Dorsey & Whitney LLP
23.1
Consent of PricewaterhouseCoopers LLP
23.2
Consent of Dorsey & Whitney LLP (included in Exhibit 5.1 above)
24.1
Power of Attorney (included in the signature page to this Registration Statement).
Item 9.        Undertakings.
(a)
The
undersigned registrant hereby undertakes:
(1)                      To
file, during any period in which offers or sales are being made, a
post-effective amendment to this registration statement:
(i)                      To
include any prospectus required by Section 10(a)(3) of the Securities Act of 1933,
as amended (the "Securities Act");
(ii)                      To
reflect in the prospectus any facts or events arising after the effective date
of the registration statement (or the most recent post-effective amendment
thereof) which, individually or in the aggregate, represent a fundamental change
in the information set forth in the registration statement. Notwithstanding the
foregoing, any increase or decrease in volume of securities offered (if the
total dollar value of securities offered would not exceed that which was
registered) and any deviation from the low or high end of the estimated maximum
offering range may be reflected in the form of prospectus filed with the
Commission pursuant to Rule 424(b) if, in the aggregate, the changes in
volume and price represent no more than a 20% change in the
3
maximum aggregate offering price set forth in the "Calculation of
Registration Fee"table in the effective registration statement; and
(iii)                      To
include any material information with respect to the plan of distribution not
previously disclosed in the registration statement or any material change to
such information in the registration statement;
Provided, however, that paragraphs (a)(1)(i) and (a)(1)(ii) above do not
apply if the information required to be included in a post-effective amendment
by those paragraphs is contained in periodic reports filed with or furnished to
the Commission by the registrant pursuant to Section 13 or
Section 15(d) of the Exchange Act that are incorporated by reference in the
registration statement.
(2)                      That,
for the purpose of determining any liability under the Securities Act, each such
post-effective amendment shall be deemed to be a new registration statement
relating to the securities offered therein, and the offering of such securities
at that time shall be deemed to be the initial bona fide offering thereof.
(3)                      To
remove from registration by means of a post-effective amendment any of the
securities being registered which remain unsold at the termination of the
offering.
(b)                 The
undersigned registrant hereby undertakes that, for purposes of determining any liability
under the Securities Act, each filing of the registrant's annual report pursuant to
Section 13(a) or Section 15(d) of the Exchange Act that is incorporated by
reference in the registration statement shall be deemed to be a new registration
statement relating to the securities offered therein, and the offering of such securities
at that time shall be deemed to be the initial bona fide offering thereof.
(c)                 Insofar
as indemnification for liabilities arising under the Securities Act may be permitted to
directors, officers and controlling persons of the registrant pursuant to the foregoing
provisions, or otherwise, the registrant has been advised that in the opinion of the
Commission such indemnification is against public policy as expressed in the Securities
Act and is, therefore, unenforceable. In the event that a claim for indemnification
against such liabilities (other than the payment by the registrant of expenses incurred
or paid by a director, officer or controlling person of the registrant in the successful
defense of any action, suit or proceeding) is asserted by such director, officer or
controlling person in connection with the securities being registered, the registrant
will, unless in the opinion of its counsel the matter has been settled by controlling
precedent, submit to a court of appropriate jurisdiction the question whether such
indemnification by it is against public policy as expressed in the Securities Act and
will be governed by the final adjudication of such issue.
4
SIGNATURES
Pursuant
to the requirements of the Securities Act of 1933, the Registrant certifies that it has
reasonable grounds to believe that it meets all of the requirements for filing on Form S-8
and has duly caused this Registration Statement to be signed on its behalf by the
undersigned, thereunto duly authorized, in the City of Golden Valley, State of Minnesota,
on this 25th day of May, 2004.
CYBEROPTICS CORPORATION
By:
/s/ Kathleen P. Iverson
Kathleen P. Iverson, President
POWER OF ATTORNEY
The
officers and directors of CyberOptics Corporation, whose signatures appear below, hereby
constitute and appoint Kathleen P. Iverson and Scott G. Larson, and each of them (with
full power to each of them to act alone), the true and lawful attorney-in-fact to sign and
execute on behalf of the undersigned, any amendment or amendments to this Registration
Statement of CyberOptics Corporation, and each of the undersigned does hereby ratify and
confirm all that said attorneys shall do or cause to be done by virtue thereof.
Pursuant
to the requirements of the Securities Act of 1933, this Registration Statement has been
signed by the following persons in the capacities and on the date indicated.
Name
Title
/s/ Kathleen P. Iverson
President, CEO and Director
May 25, 2004
Kathleen P. Iverson
(PRINCIPAL EXECUTIVE OFFICER)
/s/ Steven K. Case
Chairman and Director
May 21, 2004
Steven K. Case
/s/ Alex B. Cimochowski
Director
May 21, 2004
Alex B. Cimochowski
/s/ Michael M. Selzer, Jr.
Director
May 21, 2004
Michael M. Selzer, Jr
/s/ Irene M. Qualters
Director
May 21, 2004
Irene M. Qualters
/s/ Erwin A. Kelen
Director
May 20, 2004
Erwin A. Kelen
/s/ Scott G. Larson
Vice President and
May 26, 2004
Scott G. Larson
Chief Financial Officer
(PRINCIPAL ACCOUNTING OFFICER)
5
EXHIBIT INDEX
Exhibit Number
Description
4.1
CyberOptics Corporation Employee Stock Purchase Plan, as amended
4.2
NonQualified Stock Option Agreement dated February 14, 2002 between the Company and Kathleen P. Iverson
4.3
NonQualified Stock Option Agreement dated August 10, 2001 between the Company and Steven M. Quist
4.4
NonQualified Stock Option Agreement dated August 10, 2001 between the Company and Steven K. Case
4.5
NonQualified Stock Option Agreement dated July 10, 2001 between the Company and Thomas Bushman
4.6
NonQualified Stock Option Agreement dated July 10, 2001 between the Company and Swaminathan Manickam
5.1
Opinion of Dorsey & Whitney LLP
23.1
Consent of PricewaterhouseCoopers LLP
23.2
Consent of Dorsey & Whitney LLP (included in Exhibit 5.1 above)
24.1
Power of Attorney (included in the signature page to this Registration Statement)