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Filing Details

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
1298084	D Thomas Brown	C/O Cepheid 904 Caribbean Drive Sunnyvale CA 94089		Yes	No	No	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock	Acquisiton	2013-02-08	10,000	$9.18	30,358	No	4	M	Direct
Common Stock	Disposition	2013-02-08	2,546	$36.07	27,812	No	4	F	Direct
Common Stock	Disposition	2013-02-08	3,054	$36.07	24,758	No	4	S	Direct
Common Stock	Acquisiton	2013-02-10	530	$36.11	25,288	No	4	A	Direct

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

Reported Derivative Transactions

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Non-qualified stock option (right to buy)	Disposition	2013-02-08	10,000	$0.00	10,000	$9.18

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0		2016-04-27	No	4	M	Direct

Footnotes

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. A portion of the shares reported as disposed of in this Form 4 was relinquished by the Reporting Person to pay the exercise price of the option.
Represents the aggregate of sales effected on the same day at different prices.
Represents the weighted average sales price per share of the aggregate shares reported as disposed of in this Form 4. All the shares disposed of sold at prices ranging from $36.05 to $36.13 per share. Full information regarding the number of shares sold at each price shall be provided upon request to the staff of the U.S. Securities and Exchange Commission, the Issuer, or a security holder of the Issuer.
The shares were issued pursuant to the Issuer's director stock election policy whereby non-employee directors may elect to receive fully-vested shares of common stock in lieu of between 50-100% of their annual cash retainers and committee chair fees. The price per share was based on the fair market value of the Issuer's common stock on the date of issuance, which, because such date was a Sunday, was the NASDAQ closing price on the last trading date immediately preceding the date of issuance.
The stock option grant is 100% vested and immediately exercisable.