SEC Form 4 · accession 0001209191-15-035747
CEPHEID · CPHD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Dean O Morton
Director
Period of report
Apr 22, 2015
Accepted (ET)
Apr 23, 2015 · 5:25 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 22, 2015 | M | 1,800 | $0.00 | A | 18,134 | D | |
| Common StockF2 | holding | — | — | — | 82,500 | I | See Footnote | |
| Common StockF3 | holding | — | — | — | 93,000 | I | See Footnote |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF4,F5 | $0.00 | Apr 22, 2015 | M | 1,800 | D | — | — | Common Stock | 1,800 | 0 | D |
Explanation of responses
- F1Vesting of restricted stock units ("RSUs") granted to the Reporting Person.
- F2The Reporting Person is a general partner of MDLC Partners, a California limited partnership ("MDLC"). As a general partner, the Reporting Person shares voting and investment power of the shares held by MDLC. The Reporting Person disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein.
- F3Shares are held by the Dean and Lavon Morton Trust dated 9/20/79, of which the Reporting Person is a trustee.
- F4Each RSU represents a contingent right to receive one share of the Issuer's common stock.
- F5100% of the RSUs vest on the one-year anniversary of the grant date, subject to the continuing service of the Reporting Person on the vesting date. Shares of the Issuer's common stock will be delivered to the Reporting Person upon vesting.