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CEPHEID's Chairman of the Board and CEO just picked up 1,423 shares

John L Bishop, CEPHEID's Chairman of the Board and CEO and a director of the company, recently acquired 1,423 shares of the company. The buys took place at prices ranging from $0.00 to $35.34 per share, on dates ranging from April 21 to April 24, 2016. Bishop now owns 84,449 shares of the company. Bishop operates out of Sunnyvale, CA. Some additional info was provided as follows:

Vesting of restricted stock units ("RSUs") granted to the Reporting Person. 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 Repor ting 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. Each RSU represents a contingent right to receive one share of the Issuer's common stock. 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.

The above information was disclosed in a filing to the SEC. To see the filing, click here.

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Other recent filings from the company include the following:

CEPHEID's President & COO just picked up 176 shares - April 25, 2016
CEPHEID's Corporate VP & CRO just disposed of 28 shares - April 25, 2016
EVP of CEPHEID just picked up 387 shares - April 25, 2016
EVP of CEPHEID just disposed of 40 shares - April 25, 2016