SEC Form 4 · accession 0001209191-16-098057
CEPHEID · CPHD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas D Brown
Director
Period of report
Feb 10, 2016
Accepted (ET)
Feb 12, 2016 · 4:22 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 | Feb 10, 2016 | A | 685 | $29.08 | A | 36,292 | D | |
| Common Stock | Feb 11, 2016 | A | 12,500 | $27.34 | A | 48,792 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to Buy)F2 | $9.26 | Feb 11, 2016 | M | 12,500 | D | Apr 29, 2010 | Apr 29, 2016 | Common Stock | 12,500 | 0 | D |
Explanation of responses
- F1The shares were issued pursuant to the Issuer's director stock election policy whereby non-employee directors may elect to receive fully-vested shares of common stock in lieu of between 50-100% of their annual cash retainers and committee chair fees. The price per share was based on the NASDAQ closing price of the Issuer's common stock on the date of issuance.
- F2100% of the shares subject to the grant vested and became exercisable on the one-year anniversary of the grant date.