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EVP of CEPHEID just disposed of 631 shares

Peter V. Farrell, EVP of CEPHEID, recently disposed of 631 shares of the company. The disposals took place at prices ranging from $50.54 to $50.72 per share, on dates ranging from September 09 to September 10, 2015. Farrell still owns 25,107 shares of the company. Farrell operates out of Sunnyvale, CA. Some additional info was provided as follows:

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...