SEC Form 4 · accession 0001209191-16-089968
CEPHEID · CPHD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Bill Murray
Officer — EVP, General Counsel
Period of report
Jan 1, 2016
Accepted (ET)
Jan 6, 2016 · 5:17 pm EST
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 | Jan 1, 2016 | A | 22,500 | $0.00 | A | 31,564 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (Right to Buy)F2 | $36.53 | Jan 1, 2016 | A | 67,500 | A | Jan 1, 2017 | Jan 1, 2023 | Common Stock | 67,500 | 67,500 | 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.
- F225% 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.