King Laurie 4
4 · CEPHEID · Filed May 3, 2010
Insider Transaction Report
Form 4
CEPHEIDCPHD
King Laurie
Sr. VP, Human Resources
Transactions
- Award
Restricted Stock Units
2010-04-29+4,333→ 4,333 totalExercise: $0.00→ Common Stock (4,333 underlying) - Award
Non-Qualified Stock Option (right to buy)
2010-04-29+39,000→ 39,000 totalExercise: $20.47Exp: 2017-04-28→ Common Stock (39,000 underlying)
Footnotes (3)
- [F1]25% of the shares subject to the grant vest and become exercisable on the one-year anniversary of the grant date, then 2.083% 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.
- [F2]Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock.
- [F3]25% of the restricted stock units ("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.