X0306 4 2016-01-29 0 0001037760 CEPHEID CPHD 0001287855 KOCMOND WARREN C JR C/O CEPHEID 904 CARIBBEAN DRIVE SUNNYVALE CA 94089 0 1 0 0 EVP & Chief Operating Officer Common Stock 2016-01-29 4 F 0 274 29.45 D 13476 D Common Stock 2016-02-01 4 S 0 351 28.4383 D 13125 D 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. The transactions reported on this Form 4 were effected pursuant to a 10b5-1 trading plan adopted by the reporting person. The sales price reported is the weighted average sale price for the number of shares sold. Full information regarding the number of shares sold at each separate price will be supplied upon request by the Securities & Exchange Commission staff, the Issuer or a security holder of the Issuer. Jacobin Zorin, Attorney-In-Fact 2016-02-02