X0306 4 2013-04-30 0 0001037760 CEPHEID CPHD 0001187325 GUTSHALL THOMAS L C/O CEPHEID 904 CARIBBEAN DRIVE SUNNYVALE CA 94089 1 0 0 0 Restricted Stock Units 0 2013-04-30 4 A 0 867 0 A Common Stock 867 867 D Non-qualified stock option (right to buy) 38.13 2013-04-30 4 A 0 7800 0 A 2020-04-30 Common Stock 7800 7800 D Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock. 100% of the RSUs vest on the one-year anniversary of the grant date, subject to the continuing service of the Reporting Person on the vesting date. Shares of the Issuer's common stock will be delivered to the Reporting Person upon vesting. 100% of the shares subject to the grant vest and become exercisable on the one-year anniversary of the grant date, subject to the continuing service of the Reporting Person on the vesting date. /s/ Thomas L. Gutshall by Joseph H. Smith, Attorney-in-Fact 2013-05-01