SEC Form 4 · accession 0001209191-17-001648
EXACT SCIENCES CORP · EXAS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
D Scott Coward
Officer — SVP and General Counsel
Period of report
Dec 31, 2016
Accepted (ET)
Jan 5, 2017 · 6:32 am EST
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 | Oct 31, 2016 | A | 1,558 | $5.95 | A | 29,242 | D | |
| Common StockF2 | Dec 31, 2016 | M | 4,687 | $0.00 | A | 33,929 | D | |
| Common StockF3 | Jan 3, 2017 | S | 1,535 | $13.61 | D | 32,394 | D | |
| Common Stock | holding | — | — | — | 2,524 | I | Held in 401(K) Account |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF4,F5 | — | Dec 31, 2016 | M | 4,687 | D | — | — | Common Stock | 4,687 | 37,500 | D |
Explanation of responses
- F1Represents shares purchased through Employee Stock Purchase Plan.
- F2Represents shares of common stock received upon vesting of a restricted stock unit award.
- F3Represents 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 December 31, 2016.
- F4Each restricted stock unit represents a contingent right to receive one share of common stock.
- F5Represents a restricted stock unit award granted on January 1, 2015 that partially vested on December 31, 2016. The restricted stock units vest as follows: one-quarter on the first anniversary of the grant date and the balance in equal quarterly installments over the three year period beginning on the one-year anniversary of the grant date.