SEC Form 4 · accession 0001209191-15-036779
CEPHEID · CPHD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Peter V. Farrell
Officer — EVP, Worldwide Commercial Ops
Period of report
Apr 27, 2015
Accepted (ET)
Apr 28, 2015 · 7:19 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 StockF1,F2 | Apr 27, 2015 | A | 2,500 | $0.00 | A | 22,925 | 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 | $56.88 | Apr 27, 2015 | A | 22,500 | A | Apr 27, 2016 | Apr 27, 2022 | Common Stock | 22,500 | 22,500 | D |
Explanation of responses
- F1The reported shares are represented by restricted stock units ("RSUs"). The RSUs vest 25% 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. Each RSU represents a contingent right to receive one share of the Issuer's common stock.
- F2Includes 319 shares acquired under the Issuer's Employee Stock Purchase Plan on January 30, 2015.
- F325% 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.