X0305 4 2012-04-24 0 0001037760 CEPHEID CPHD 0001269131 STEELE GLENN JR MD PHD C/O CEPHEID 904 CARIBBEAN DRIVE SUNNYVALE CA 94089 1 0 0 0 Common Stock 2012-04-26 4 M 0 700 0 A 1217 D Restricted Stock Units 0 2012-04-24 4 A 0 1050 0 A Common Stock 1050 1050 D Non-qualified stock option (right to buy) 35.72 2012-04-24 4 A 0 9375 0 A 2019-04-24 Common Stock 9375 9375 D Restricted Stock Units 0 2012-04-26 4 M 0 700 0 D Common Stock 700 1400 D Vesting of restricted stock units ("RSUs") granted to the Reporting Person on April 26, 2011. 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. One third (1/3rd) of the restricted stock units vest annually on the anniversary of the grant date, provided the Reporting Person serves continuously on the Issuer's Board of Directors. Shares of the Issuer's common stock will be delivered to the Reporting Person upon vesting. /s/ Glenn D. Steele, Jr., M.D., Ph.D. by Joseph H. Smith, Attorney-in-Fact 2012-04-26