SEC Form 4 · accession 0001209191-16-097711

CEPHEID · CPHD

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — President & COO

Period of report

Feb 9, 2016

Accepted (ET)

Feb 11, 2016 · 8:07 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 Stock^F1	Feb 9, 2016	A	12,500	$0.00	A	25,625	D

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	$29.50	Feb 9, 2016	A	112,500	A	Feb 9, 2017	Feb 9, 2023	Common Stock	112,500	112,500	D

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.