SEC Form 4 · accession 0001209191-15-035342
CEPHEID · CPHD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Joseph H Smith
Officer — EVP, Bus Dev and GC
Period of report
Apr 20, 2015
Accepted (ET)
Apr 21, 2015 · 5:13 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001037760
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Apr 20, 2015 | M | 34,352 | $9.075 | A | 48,837 | D | |
| Common StockF2 | Apr 20, 2015 | S | 34,352 | $55.1756 | D | 14,485 | D | |
| Common Stock | Apr 21, 2015 | M | 57,514 | $19.85 | A | 71,999 | D | |
| Common StockF2 | Apr 21, 2015 | S | 51,308 | $54.0156 | D | 20,691 | D | |
| Common StockF2 | Apr 21, 2015 | S | 6,206 | $54.9791 | D | 14,485 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-qualified Stock Option (Right to Buy)F3 | $9.075 | Apr 20, 2015 | M | 34,352 | D | Jan 1, 2006 | Apr 27, 2015 | Common Stock | 34,352 | 0 | D |
| Non-qualified Stock Option (Right to Buy)F4 | $19.85 | Apr 21, 2015 | M | 57,514 | D | Apr 24, 2009 | Apr 24, 2015 | Common Stock | 57,514 | 0 | D |
Explanation of responses
- F1The transactions reported on this Form 4 were effected pursuant to a 10b5-1 trading plan adopted by the reporting person.
- F2The 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.
- F31/48th of the shares subject to the grant vest and become exercisable monthly from the grant date, until such time as the option is 100% vested, subject to the continuing employment of the Reporting Person on each vesting date.
- F425% of the shares subject to the grant vest and become 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.