4//SEC Filing
CEPHEID 4
Accession 0001209191-16-148756
CIK 0001037760operating
Filed
Nov 6, 7:00 PM ET
Accepted
Nov 7, 7:40 PM ET
Size
10.5 KB
Accession
0001209191-16-148756
Insider Transaction Report
Form 4
CEPHEIDCPHD
Paterson Wayne
Director
Transactions
- Disposition to Issuer
Common Stock
2016-11-04−4,500→ 0 total - Disposition to Issuer
Non-Qualified Stock Option (Right to Buy)
2016-11-04−24,400→ 0 totalExercise: $56.70Exp: 2022-04-28→ Common Stock (24,400 underlying) - Disposition to Issuer
Non-Qualified Stock Option (Right to Buy)
2016-11-04−16,300→ 0 totalExercise: $36.59Exp: 2023-04-26→ Common Stock (16,300 underlying)
Footnotes (6)
- [F1]This number includes RSUs previously reported on Table I that at closing, were accelerated and converted into the right to receive $53 per share, without interest.
- [F2]On September 2, 2016, the Issuer entered into an Agreement and Plan of Merger ("Merger Agreement") with Danaher Corporation, a Delaware corporation (the "Acquirer"), and Copper Merger Sub, Inc., a California corporation and a wholly-owned subsidiary of the Acquirer. Upon the closing of the transactions contemplated by the Merger Agreement on November 4, 2016 (the "Closing"), each of the Reporting Person's shares of the Issuer's Common Stock was cancelled and converted into the right to receive $53.00, without interest (the "Merger Consideration").
- [F3]Upon the Closing, this option was cancelled and ceased to exist without receiving any payment therefor.
- [F4]1/3 of the shares subject to the grant vest and become exercisable on each anniversary of the grant date, subject to the continuing service of the Reporting Person on the vesting date.
- [F5]Upon the Closing, 100% of this option's vesting was accelerated and converted into the right to receive an amount of cash equal to the number of shares outstanding under the option multiplied by $53.00 minus the exercise price.
- [F6]100% of the shares subject to the grant vested and became exercisable on the one-year anniversary of the grant date.
Documents
Issuer
CEPHEID
CIK 0001037760
Entity typeoperating
IncorporatedCA
Related Parties
1- filerCIK 0001037760
Filing Metadata
- Form type
- 4
- Filed
- Nov 6, 7:00 PM ET
- Accepted
- Nov 7, 7:40 PM ET
- Size
- 10.5 KB