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  		UNITED STATES<BR>
  	SECURITIES AND EXCHANGE COMMISSION
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  	WASHINGTON, D.C. 20549
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  	FORM 8-K
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  	CURRENT REPORT
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  	Pursuant to Section&nbsp;13 or 15(d) of the Securities Exchange Act of 1934
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  	Date of Report (Date of Earliest Event Reported):
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  	&nbsp;
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  	June 18, 2007
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  	Cyberonics, Inc.
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  <BR>__________________________________________<BR>
  	(Exact name of registrant as specified in its charter)
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  	Delaware
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  	000-19806
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  	76-0236465
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  _____________________<BR>
  	(State or other jurisdiction
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  _____________<BR>
  	(Commission
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  ______________<BR>
  	(I.R.S. Employer
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  	of incorporation)
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  	File Number)
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  	Identification No.)
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  	100 Cyberonics Blvd., Houston, Texas
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  	77058
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  _________________________________<BR>
  	(Address of principal executive offices)
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  	&nbsp;
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  ___________<BR>
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  	Registrant&#146;s telephone number, including area code:
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  	2812287200
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  	Not Applicable
  <BR>______________________________________________<BR>
  	Former name or former address, if changed since last report
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  	&nbsp;
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  <!-- CoverPageRegistrant END --><P><FONT SIZE="2">
  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:</FONT>
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  <P><FONT SIZE="2">
  [&nbsp;&nbsp;]&nbsp;&nbsp;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)<br>
  [&nbsp;&nbsp;]&nbsp;&nbsp;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<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>
  [&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))<br>
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  	Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
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       On June 18, 2007, the Compensation Committee of the Board of Directors ("Board") of Cyberonics, Inc. ("Company") approved increases in annual base salary for some of the executive officers of the Company effective as of the outset of fiscal year 2008.  Among the Company&#x2019;s named executive officers, one officer received a salary increase:  the annual base salary of David S. Wise, Vice President, General Counsel and Secretary increased from $229,500 to $240,000.<br><br>     Also on June 18, 2007, the Compensation Committee considered long-term incentive compensation for the Company&#x2019;s executive officers and approved grants of restricted stock from the Company&#x2019;s Amended and Restated 1997 Stock Plan, one-fourth of such shares to vest on each of the first four anniversaries of June 18, 2007, to the following named executive officers:  David S. Wise received a grant of 15,000 restricted shares, and George E. Parker III, Interim Chief Operating Officer and Interim Chief Accounting Officer, received a grant of 13,000 restricted shares.<br><br>     Also on June 18, 2007, the Board considered compensation for its non-executive members for fiscal year 2008 and approved the following schedule of compensation:<br>&#x2022;	Annual retainer for non-executive Chairman of the Board:  $75,000<br>&#x2022;	Annual retainer for other Board members:  $25,000<br>&#x2022;	Annual grant of restricted shares to each Board member:  shares valued at $75,000 on date of grant<br>&#x2022;	Annual retainer for Audit Committee Chair:  $11,000<br>&#x2022;	Annual retainer for other Audit Committee members:  $6,000<br>&#x2022;	Annual retainer for other Board committee chairs:  $5,000<br>&#x2022;	Annual retainer for other Board committee members:  $4,000<br>&#x2022;	Board meeting fee (in-person attendance):  $1,500<br>&#x2022;	Board meeting fee (telephonic attendance):  $500<br>&#x2022;	Committee meeting fee (in-person attendance):  $1,000<br>&#x2022;	Committee meeting fee (telephonic attendance):  $500<br>&#x2022;	Approximate annual value of Blackberry wireless device (optional):  $2,000<br><br>     Also on June 18, 2007, the Board approved grants of 4,300 shares of restricted stock (representing $75,000 divided by $17.44, the closing price of the Company&#x2019;s stock on Friday, June 15, 2007) from the Company&#x2019;s Amended and Restated 1997 Stock Plan, one-fourth of such shares to vest on each of the first four anniversaries of June 18, 2007, to each of the eight non-executive members of the Board for fiscal year 2008, including Guy, C. Jackson, Hugh M. Morrison, Alfred J. Novak, Alan J. Olsen, Jeffrey E. Schwarz, Michael J. Strauss, Arthur L. Rosenthal and Reese S. Terry, Jr.<br><br>     Also on June 18, 2007, the Board approved grants of 4,300 shares of restricted stock (representing $75,000 divided by $17.44, the closing price of the Company&#x2019;s stock on Friday, June 15, 2007) from the Company&#x2019;s Amended and Restated 1997 Stock Plan, one-fourth of such shares to vest on July 18, 2007 and one-fourth such shares to vest on each of the first three anniversaries of June 18, 2007, to each of four non-executive members of the Board for fiscal year 2007, including Guy C. Jackson, Alan J. Olsen, Michael J. Strauss and Reese S. Terry, Jr.<br>
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  	SIGNATURES
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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.
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  	Cyberonics, Inc.
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  <I>
  	June 22, 2007
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  	/s/ David S. Wise
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  	Name: David S. Wise
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  	Title: Secretary
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metadata_documents: [{"type": "8-K", "sequence": "1", "filename": "htm_21087.htm", "description": "LIVE FILING", "secsgml_size_bytes": 11572}]
metadata_filer: {"company-data": {"conformed-name": "CYBERONICS INC", "cik": "0000864683", "assigned-sic": "3845", "irs-number": "760236465", "state-of-incorporation": "DE", "fiscal-year-end": "0430"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-19806", "film-number": "07936258"}, "business-address": {"street1": "100 CYBERONICS CENTER BLVD", "street2": "SUITE 600", "city": "HOUSTON", "state": "TX", "zip": "77058", "phone": "(281) 228-7200"}, "mail-address": {"street1": "100 CYBERONICS  BLVD", "street2": "SUITE 600", "city": "HOUSTON", "state": "TX", "zip": "77058"}}
text: Cyberonics, Inc. (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):
  June 18, 2007
  Cyberonics, Inc.
  __________________________________________
  (Exact name of registrant as specified in its charter)
  Delaware
  000-19806
  76-0236465
  _____________________
  (State or other jurisdiction
  _____________
  (Commission
  ______________
  (I.R.S. Employer
  of incorporation)
  File Number)
  Identification No.)
  100 Cyberonics Blvd., Houston, Texas
  77058
  _________________________________
  (Address of principal executive offices)
  ___________
  (Zip Code)
  Registrant's telephone number, including area code:
  2812287200
  Not Applicable
  ______________________________________________
  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))
  Top of the Form
  Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
  On June 18, 2007, the Compensation Committee of the Board of Directors ("Board") of Cyberonics, Inc. ("Company") approved increases in annual base salary for some of the executive officers of the Company effective as of the outset of fiscal year 2008.  Among the Company's named executive officers, one officer received a salary increase:  the annual base salary of David S. Wise, Vice President, General Counsel and Secretary increased from $229,500 to $240,000.
  Also on June 18, 2007, the Compensation Committee considered long-term incentive compensation for the Company's executive officers and approved grants of restricted stock from the Company's Amended and Restated 1997 Stock Plan, one-fourth of such shares to vest on each of the first four anniversaries of June 18, 2007, to the following named executive officers:  David S. Wise received a grant of 15,000 restricted shares, and George E. Parker III, Interim Chief Operating Officer and Interim Chief Accounting Officer, received a grant of 13,000 restricted shares.
  Also on June 18, 2007, the Board considered compensation for its non-executive members for fiscal year 2008 and approved the following schedule of compensation:
  •	Annual retainer for non-executive Chairman of the Board:  $75,000
  •	Annual retainer for other Board members:  $25,000
  •	Annual grant of restricted shares to each Board member:  shares valued at $75,000 on date of grant
  •	Annual retainer for Audit Committee Chair:  $11,000
  •	Annual retainer for other Audit Committee members:  $6,000
  •	Annual retainer for other Board committee chairs:  $5,000
  •	Annual retainer for other Board committee members:  $4,000
  •	Board meeting fee (in-person attendance):  $1,500
  •	Board meeting fee (telephonic attendance):  $500
  •	Committee meeting fee (in-person attendance):  $1,000
  •	Committee meeting fee (telephonic attendance):  $500
  •	Approximate annual value of Blackberry wireless device (optional):  $2,000
  Also on June 18, 2007, the Board approved grants of 4,300 shares of restricted stock (representing $75,000 divided by $17.44, the closing price of the Company's stock on Friday, June 15, 2007) from the Company's Amended and Restated 1997 Stock Plan, one-fourth of such shares to vest on each of the first four anniversaries of June 18, 2007, to each of the eight non-executive members of the Board for fiscal year 2008, including Guy, C. Jackson, Hugh M. Morrison, Alfred J. Novak, Alan J. Olsen, Jeffrey E. Schwarz, Michael J. Strauss, Arthur L. Rosenthal and Reese S. Terry, Jr.
  Also on June 18, 2007, the Board approved grants of 4,300 shares of restricted stock (representing $75,000 divided by $17.44, the closing price of the Company's stock on Friday, June 15, 2007) from the Company's Amended and Restated 1997 Stock Plan, one-fourth of such shares to vest on July 18, 2007 and one-fourth such shares to vest on each of the first three anniversaries of June 18, 2007, to each of four non-executive members of the Board for fiscal year 2007, including Guy C. Jackson, Alan J. Olsen, Michael J. Strauss and Reese S. Terry, Jr.
  Top of the Form
  SIGNATURES
  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.
  Cyberonics, Inc.
  June 22, 2007
  By:
  /s/ David S. Wise
  Name: David S. Wise
  Title: Secretary