SEC Form 4 · accession 0001209191-16-134031
EXACT SCIENCES CORP · EXAS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Maneesh Arora
Officer — COO · Director
Period of report
Jul 25, 2016
Accepted (ET)
Jul 27, 2016 · 12:37 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001124140
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Jul 25, 2016 | M | 25,000 | $0.00 | A | 538,736 | D | |
| Common StockF2 | Jul 26, 2016 | S | 7,359 | $14.82 | D | 531,377 | D | |
| Common Stock | holding | — | — | — | 12,359 | I | Held in 401(K) Account | |
| Common Stock | holding | — | — | — | 65,000 | I | Held in Grantor Retained Annuity Trust |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF3,F4 | — | Jul 25, 2016 | M | 25,000 | D | — | — | Common Stock | 25,000 | 0 | D |
Explanation of responses
- F1Represents shares of common stock received upon vesting of a restricted stock unit award.
- F2Represents shares sold pursuant to a Sell-to-Cover Rule 10b5-1 Plan to pay withholding taxes due in connection with the vesting of certain restricted stock units on July 25, 2016.
- F3Each restricted stock unit represents a contingent right to receive one share of common stock.
- F4Represents a restricted stock unit award granted on July 25, 2013 that partially vested on July 25, 2016. The restricted stock units vest in three equal annual installments beginning on July 25, 2014.