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Filing Details

Accession Number:: 0001209191-15-002385
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2015-01-06 17:23:08
Reporting Period:: 2015-01-02

Filing Date:: 2015-01-06
Accepted Time:: 2015-01-06 17:23:08
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

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock	Acquisiton	2015-01-02	2,397	$0.00	3,773	No	4	M	Direct
Common Stock	Disposition	2015-01-02	890	$54.12	2,883	No	4	F	Direct
Common Stock	Acquisiton	2015-01-02	7,187	$35.48	10,070	No	4	M	Direct
Common Stock	Disposition	2015-01-02	6,787	$54.14	3,283	No	4	S	Direct
Common Stock	Disposition	2015-01-02	400	$54.77	2,883	No	4	S	Direct
Common Stock	Disposition	2015-01-05	807	$53.88	2,076	No	4	S	Direct
Common Stock	Disposition	2015-01-05	700	$54.93	1,376	No	4	S	Direct

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

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Restricted Stock Units	Disposition	2015-01-02	2,397	$0.00	2,397	$0.00
Common Stock	Non-qualified Stock Option (Right to Buy)	Disposition	2015-01-02	7,187	$0.00	7,187	$35.48

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
9,588			No	4	M	Direct
14,376		2020-01-02	No	4	M	Direct

Footnotes

Vesting of restricted stock units ("RSUs") granted to the Reporting Person.
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 for any reason other than to cover required taxes.
The transactions reported on this Form 4 were effected pursuant to a 10b5-1 trading plan adopted by the reporting person.
The sales price reported is the weighted average sale price for the number of shares sold. Full information regarding the number of shares sold at each separate price will be supplied upon request by the Securities & Exchange Commission staff, the Issuer or a security holder of the Issuer.
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.
25% of the shares subject to the grant vested and became exercisable on the one-year anniversary of the grant date, then 2.0833% of the shares subject to the grant vest and become exercisable each month thereafter, until such time as the option is 100% vested, subject to the continuing employment of the Reporting Person on each vesting date.