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Filing Details

Accession Number:: 0001140361-13-003368
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2013-01-28 16:09:27
Reporting Period:: 2013-01-25

Filing Date:: 2013-01-28
Accepted Time:: 2013-01-28 16:09:27
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1037760	Cepheid	CPHD	Laboratory Analytical Instruments (3826)	770441625

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1479659	Kerry Flom	C/O Cepheid 904 Caribbean Drive Sunnyvale CA 94089	Evp, Regulatory Affairs	No	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock	Acquisiton	2013-01-25	6,250	$31.49	26,250	No	4	M	Direct
Common Stock	Disposition	2013-01-25	6,250	$38.00	20,000	No	4	S	Direct
Common Stock	Acquisiton	2013-01-25	237	$0.00	20,237	No	4	M	Direct
Common Stock	Disposition	2013-01-25	90	$37.83	20,147	No	4	F	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	M	Direct
No	4	S	Direct
No	4	M	Direct
No	4	F	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Non-qualified stock option (right to buy)	Disposition	2013-01-25	6,250	$0.00	6,250	$31.49
Common Stock	Restricted Stock Units	Disposition	2013-01-25	237	$0.00	237	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
27,875		2018-04-25	No	4	M	Direct
2,133			No	4	M	Direct

Footnotes

The transaction reported on this Form 4 was effected pursuant to a 10b5-1 trading plan adopted by the reporting person on February 15, 2012.
Vesting of restricted stock units ("RSUs") granted to the Reporting Person on April 26, 2011.
Exempt transaction pursuant to Section 16b-3(e) - payment of exercise price or tax liability by delivering or withholding securities incident to the receipt, exercise or vesting of a security issued in accordance with Rule 16b-3. All of the shares reported as disposed of in this Form 4 were relinquished by the Reporting Person and cancelled by the Issuer in exchange for the Issuer's agreement to pay federal and state tax withholding obligations of the Reporting Person resulting from the vesting of RSUs. The Reporting Person did not sell or otherwise dispose of any of the shares reported on this Form 4 for any reason other than to cover required taxes.
Following the reported transaction, 8,679 shares subject to the option remain fully vested and immediately exercisable. The balance of the shares subject to the option will vest in equal monthly installments beginning on February 25, 2013, until such time as the option is 100% vested, subject to the continuing employment of the Reporting Person on each vesting date.
Each RSU represents a contingent right to receive one share of the Issuer's common stock.
25% of the RSUs vest on the one-year anniversary of the grant date, then 6.25% of the RSUs vest each quarterly anniversary thereafter, until such time as the RSUs are 100% vested, subject to the continuing employment of the Reporting Person on each vesting date. Shares of the Issuer's common stock will be delivered to the Reporting Person upon vesting.