SEC Form 4 · accession 0001209191-15-036784
CEPHEID · CPHD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David H Persing
Officer — EVP, Chief Med/Tech Officer · Director
Period of report
Apr 24, 2015
Accepted (ET)
Apr 28, 2015 · 7:22 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 24, 2015 | M | 339 | $0.00 | A | 5,728 | D | |
| Common Stock | Apr 24, 2015 | F | 128 | $58.97 | D | 5,600 | D | |
| Common Stock | Apr 25, 2015 | M | 302 | $0.00 | A | 5,902 | D | |
| Common Stock | Apr 25, 2015 | F | 114 | $58.97 | D | 5,788 | D | |
| Common StockF3 | Apr 27, 2015 | A | 6,250 | $0.00 | A | 12,038 | D |
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,F3 | $0.00 | Apr 24, 2015 | M | 339 | D | — | — | Common Stock | 339 | 1,354 | D |
| Restricted Stock UnitsF4,F3 | $0.00 | Apr 25, 2015 | M | 302 | D | — | — | Common Stock | 302 | 0 | D |
| Non-qualified option (Right to Buy)F5 | $56.88 | Apr 27, 2015 | A | 56,250 | A | Apr 27, 2016 | Apr 27, 2022 | Common Stock | 56,250 | 56,250 | D |
Explanation of responses
- F1Vesting of restricted stock units ("RSUs") granted to the Reporting Person.
- F2Exempt 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.
- F325% 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.
- F4Each RSU represents a contingent right to receive one share of the Issuer's common stock.
- F525% 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.