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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
1189844	J Robert Easton	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	Explanation
Common Stock	Acquisiton	2015-02-02	12,500	$19.85	17,250	No	4	M	Direct
Common Stock	Disposition	2015-02-02	12,500	$56.63	4,750	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	M	Direct
No	4	S	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	2015-02-02	12,500	$0.00	12,500	$19.85

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0	2009-04-24	2015-04-24	No	4	M	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	82,342	Indirect	See Footnote
Common Stock	4,175	Indirect	See Footnote

Footnotes

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.
Shares are held by the Second Easton Family Charitable Trust of which the Reporting Person is the trustee.
Shares held by Joan Easton, the Reporting Person's spouse.
100% of the shares vested and became exercisable one year from the date of grant.