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<title>Prepared By R.R. Donnelley Financial -- Form 8-K</title>
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<b>UNITED STATES </b></font></div>

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<b>SECURITIES AND EXCHANGE COMMISSION </b></font></div>

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<b>Washington, D.C. 20549 </b></font></div>

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<b>Form 8-K </b></font></div> <div><font Size="1">&nbsp;</font></div>

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<b>Current Report </b></font></div>

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<b>Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 </b></font></div>

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<b>Date of Report (Date of earliest event reported):&nbsp;&nbsp;02/05/2007 </b></font></div>




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<b>Cambridge Display Technology, Inc. </b></font></div>

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<b>(Exact name of registrant as specified in its charter)</b></font></div>

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<b>Commission File Number:&nbsp;&nbsp;000-51079</b></font></div>

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<div Align="center"><font Face="times New Roman" Size="3" Color="#000000"><b>13-4085264</b></font>
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<b>(State or other jurisdiction of</b></font>
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<div Align="center"><font Face="times New Roman" Size="2" Color="#000000"><b>(IRS Employer</b></font>
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<b>incorporation)</b></font>
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<b>Identification No.)</b></font>
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<b>c/o Cambridge Display Technology Limited</div><div Align="center">2020 Cambourne Business Park</div><div Align="center">Cambourne</div><div Align="center">CB23 6DW</b></font></div>


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<b>(Address of principal executive offices, including zip code)</b></font>
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<b>011 44 1954 713600 </b></font>
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<b>(Registrant&#146;s telephone number, including area code)</b></font>
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<b>N/A </b></font>
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<b>(Former name or former address, if changed since last report) </b></font>
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<b>Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:<BR><BR>
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<b>[&nbsp;&nbsp;]&nbsp;&nbsp;
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)<BR><BR>

[&nbsp;&nbsp;]&nbsp;&nbsp;
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<BR><BR>


[&nbsp;&nbsp;]&nbsp;&nbsp;
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))<BR><BR>


[&nbsp;&nbsp;]&nbsp;&nbsp;
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Information to be included in the report</b>
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<b>Item 5.02.&nbsp;&nbsp;&nbsp;&nbsp;Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers</b></font>
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(e) Compensatory Arrangements of Certain Officers<p>On February 5, 2007, following approval by the Compensation Committee of the Board of Directors of Cambridge Display Technology, Inc. (the "Company"), restricted units under the Company's 2004 Stock Incentive Plan were granted to the Company's executive officers named in the table below. These restricted units constitute a contractual right of each executive officer to receive the number of shares of the Company's common stock set forth in the table, which right is forfeitable if the executive officer ceases employment with the Company prior to the date such restricted units vest. The grants were made under restricted units agreements applicable to U.S. and U.K employees, as the case may be, as (i) annual  bonuses, which were granted on February 5, 2007 and vested immediately, and will be issued on January 2, 2008 (or within 30 days thereof), and (ii) executive retention bonuses, which will vest on December 31, 2008 and be issued and delivered in five equal monthly installments  beginning on January 15, 2009 (or within 30 days thereof).&nbsp;&nbsp;&nbsp; <p>Name&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  UK/US&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Annual Bonuses Executive Retention Bonuses </div><div align="left" style="text-indent:4%">Michael Black&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  UK&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3,621&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  60,000</div><div align="left" style="text-indent:4%">Dr. Jeremy Burroughes UK&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6,512&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;80,000</div><div align="left" style="text-indent:4%">Dr. Scott Brown&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  UK&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6,265&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  80,000</div><div align="left" style="text-indent:4%">James Veninger&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  UK&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  80,000</div><div align="left" style="text-indent:4%">Dr. David Fyfe&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  US&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12,066&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;140,000</div><div align="left" style="text-indent:4%">Dr. SB Cha&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  US&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5,407&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;80,000<p>The preceding summary is qualified in its entirety by reference to the restricted units agreements, which are filed with this Current Report on Form 8-K as Exhibits 10.1, 10.2, 10.3, and 10.4.</div><div align="left" style="text-indent:4%"></font>
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<b>Item 9.01.&nbsp;&nbsp;&nbsp;&nbsp;Financial Statements and Exhibits</b></font>
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Exhibit No.  Description <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  10.1&nbsp;&nbsp;&nbsp; Cambridge Display Technology, Inc. Restricted Units Agreement - Annual Performance Bonus (UK)</div><div align="left" style="text-indent:4%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cambridge Display Technology, Inc. Restricted Units Agreement - Annual Performance Bonus (US)</div><div align="left" style="text-indent:4%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cambridge Display Technology, Inc. Restricted Units Agreement - Executive Retention Bonus (UK)</div><div align="left" style="text-indent:4%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cambridge Display Technology, Inc. Restricted Units Agreement - Executive Retention Bonus (US)<p></font>
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<b>Signature(s) </b></font>
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Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized. </font>
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	Cambridge Display Technology, Inc.</font>
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	Date: February 09, 2007</font>
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	By:</font>
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	/s/&nbsp;&nbsp;&nbsp;&nbsp;Michael Black</font>
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	Michael Black</font>
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	<div><font Face="times New Roman" Size="2" Color="#000000">Vice President, Finance</font>
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<b>Exhibit Index </b></font>
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	<b>Exhibit&nbsp;No.</b></font>
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	<b>Description</b></font>
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	EX-10.1</font>
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	Cambridge Display Technology, Inc. Restricted Units Agreement- Annual Performance Bonus (UK)</font>
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	EX-10.2</font>
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	EX-10.3</font>
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	EX-10.4</font>
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{"company-data": {"conformed-name": "Cambridge Display Technology, Inc.", "cik": "0001297968", "assigned-sic": "3674", "irs-number": "134085264", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-51079", "film-number": "07596650"}, "business-address": {"street1": "2020 CAMBOURNE BUSINESS PARK", "street2": "CAMBOURNE", "city": "CAMBRIDGE", "state": "X0", "zip": "CB3 6DW", "phone": "011 44 1954 713600"}, "mail-address": {"street1": "160 GREENTREE DRIVE, SUITE 101", "city": "DOVER", "state": "DE", "zip": "19904"}}
Prepared By R.R. Donnelley Financial -- Form 8-K
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
Current Report
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):  02/05/2007
Cambridge Display Technology, Inc.
(Exact name of registrant as specified in its charter)
Commission File Number:  000-51079
Delaware
13-4085264
(State or other jurisdiction of
(IRS Employer
incorporation)
Identification No.)
c/o Cambridge Display Technology Limited
2020 Cambourne Business Park
Cambourne
CB23 6DW
(Address of principal executive offices, including zip code)
011 44 1954 713600
(Registrant's telephone number, including area code)
N/A
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[  ]  
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[  ]  
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[  ]  
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[  ]  
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Information to be included in the report
Item 5.02.    Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
(e) Compensatory Arrangements of Certain Officers
On February 5, 2007, following approval by the Compensation Committee of the Board of Directors of Cambridge Display Technology, Inc. (the "Company"), restricted units under the Company's 2004 Stock Incentive Plan were granted to the Company's executive officers named in the table below. These restricted units constitute a contractual right of each executive officer to receive the number of shares of the Company's common stock set forth in the table, which right is forfeitable if the executive officer ceases employment with the Company prior to the date such restricted units vest. The grants were made under restricted units agreements applicable to U.S. and U.K employees, as the case may be, as (i) annual  bonuses, which were granted on February 5, 2007 and vested immediately, and will be issued on January 2, 2008 (or within 30 days thereof), and (ii) executive retention bonuses, which will vest on December 31, 2008 and be issued and delivered in five equal monthly installments  beginning on January 15, 2009 (or within 30 days thereof).
Name                   UK/US        Annual Bonuses Executive Retention Bonuses
Michael Black                UK        3,621                60,000
Dr. Jeremy Burroughes UK        6,512              80,000
Dr. Scott Brown                UK        6,265             80,000
James Veninger                UK        -                      80,000
Dr. David Fyfe                US        12,066              140,000
Dr. SB Cha                      US        5,407                 80,000
The preceding summary is qualified in its entirety by reference to the restricted units agreements, which are filed with this Current Report on Form 8-K as Exhibits 10.1, 10.2, 10.3, and 10.4.
Item 9.01.    Financial Statements and Exhibits
Exhibit No.  Description
10.1    Cambridge Display Technology, Inc. Restricted Units Agreement - Annual Performance Bonus (UK)
10.2        Cambridge Display Technology, Inc. Restricted Units Agreement - Annual Performance Bonus (US)
10.3        Cambridge Display Technology, Inc. Restricted Units Agreement - Executive Retention Bonus (UK)
10.4        Cambridge Display Technology, Inc. Restricted Units Agreement - Executive Retention Bonus (US)
Signature(s)
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
Cambridge Display Technology, Inc.
Date: February 09, 2007
By:
/s/    Michael Black
Michael Black
Vice President, Finance
Exhibit Index
Exhibit No.
Description
EX-10.1
Cambridge Display Technology, Inc. Restricted Units Agreement- Annual Performance Bonus (UK)
EX-10.2
EX-10.3
EX-10.4