Form Type: 4

SEC EDGAR Link
Accession Number:0001209191-14-065633
Date:2014-10-29
Issuer: CEPHEID (CPHD)
Original Submission Date:

Reporting Person:

PERSING DAVID H
C/O CEPHEID
904 CARIBBEAN DRIVE SUNNYVALE, CA 94089

Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
Title of SecurityTransaction Date2a. Deemed Execution Date Transaction CodeSharesAcquired or DisposedPrice per share 5. Amount of Securities Beneficially Owned Following Reported Transaction 6. Ownership Form Direct or IndirectNature of Indirect Ownership
COMMON STOCK 2014-10-29 M 366 a $0.00 4,200 direct
COMMON STOCK 2014-10-29 F 138 d $51.90 4,062 direct
COMMON STOCK 2014-10-30 M 15,000 a $8.43 19,062 direct
COMMON STOCK 2014-10-30 S 5,000 d $52.55 14,062 direct
COMMON STOCK 2014-10-30 S 5,000 d $53.07 9,062 direct
COMMON STOCK 2014-10-30 S 5,000 d $53.60 4,062 direct
COMMON STOCK 2014-10-31 M 5,000 a $8.43 9,062 direct
COMMON STOCK 2014-10-31 S 5,000 d $54.14 4,062 direct
Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, convertible securities
Title of Derivative Security Conversion or Exercise Price of Derivative Security Transaction Date Deemed Execution Date Transaction Code Number of Derivative Securities Acquired (A) or Disposed of (D) Date ExercisableExpiration Date Title and Amount of Securities Underlying Derivative Security Price of Derivative Security Number of derivative Securities Beneficially Owned Following Reported Transaction(s) Ownership Form: Direct (D) or Indirect (I) Nature of Indirect Beneficial Ownership
RESTRICTED STOCK UNITS 0.0 2014-10-29 deemed execution date M 366 (d) common stock 366 $0.00 3,656 direct
NON-QUALIFIED STOCK OPTION (RIGHT TO BUY) 8.43 2014-10-30 deemed execution date M 15,000 (d) 2016-04-28 common stock 15,000 $8.43 35,000 direct
NON-QUALIFIED OPTION (RIGHT TO BUY) 8.43 2014-10-31 deemed execution date M 5,000 (d) 2016-04-28 common stock 5,000 $8.43 30,000 direct
Footnotes
IDfootnote
f1 vesting of restricted stock units ("rsus") granted to the reporting person.
f2 exempt 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.
f3 the transactions reported on this form 4 were effected pursuant to a 10b5-1 trading plan adopted by the reporting person.
f4 each rsu represents a contingent right to receive one share of the issuer's common stock.
f5 25% 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.
f6 25% 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.
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