CEPHEID 4
4 · CEPHEID · Filed Oct 31, 2016
Insider Transaction Report
Form 4
CEPHEIDCPHD
PERSING DAVID H
DirectorExec VP,Chief Med/Tech Officer
Transactions
- Tax Payment
Common Stock
2016-10-27$52.92/sh−147$7,779→ 14,203 total - Tax Payment
Common Stock
2016-10-29$52.76/sh−138$7,281→ 14,430 total - Exercise/Conversion
Restricted Stock Units
2016-10-29−365→ 732 totalExercise: $0.00→ Common Stock (365 underlying) - Exercise/Conversion
Common Stock
2016-10-29+365→ 14,568 total
Footnotes (4)
- [F1]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.
- [F2]Vesting of restricted stock units ("RSUs") granted to the Reporting Person.
- [F3]Each RSU represents a contingent right to receive one share of the Issuer's common stock.
- [F4]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.