Jacon Philippe 4
4 · CEPHEID · Filed Mar 19, 2013
Insider Transaction Report
Form 4
CEPHEIDCPHD
Jacon Philippe
EVP, Emerging Markets
Transactions
- Award
Restricted stock units
2013-03-15+4,350→ 4,350 totalExercise: $0.00→ Common Stock (4,350 underlying) - Award
Non-Qualified Stock Option (right to buy)
2013-03-15+39,150→ 39,150 totalExercise: $39.13Exp: 2019-06-15→ Common Stock (39,150 underlying)
Footnotes (3)
- [F1]Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock.
- [F2]50% of the RSUs will vest on the two-year anniversary of the grant date, and an additional 12.5% of the RSUs will vest on each quarterly anniversary of the grant date, 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.
- [F3]25% of the shares subject to the option will vest and become exercisable on March 15, 2014; then 2.0833% of the shares will vest and become exercisable monthly thereafter until 100% vested.