SEC Form 4 · accession 0001209191-17-015564
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
Feb 24, 2017
Accepted (ET)
Feb 28, 2017 · 8:55 pm 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 | Feb 24, 2017 | S | 2,662 | $21.57 | D | 535,940 | D | |
| Common StockF2 | Feb 24, 2017 | M | 11,000 | $0.00 | A | 546,940 | D | |
| Common StockF2 | Feb 26, 2017 | M | 12,150 | $0.00 | A | 559,090 | D | |
| Common StockF3 | Feb 27, 2017 | S | 8,452 | $21.48 | D | 550,638 | D | |
| Common Stock | holding | — | — | — | 13,198 | 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 UnitsF4,F5 | — | Feb 24, 2017 | M | 11,000 | D | — | — | Common Stock | 11,000 | 11,000 | D |
| Restricted Stock UnitsF4,F6 | — | Feb 26, 2017 | M | 12,150 | D | — | — | Common Stock | 12,150 | 36,450 | D |
Explanation of responses
- F1Represents 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 February 22, 2017.
- 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 February 24, 2017 and February 26, 2017.
- F4Each restricted stock unit represents a contingent right to receive one share of common stock.
- F5Represents a restricted stock unit award granted on February 24, 2014 that partially vested on February 24, 2017. The restricted stock units vest in four equal annual installments beginning on February 24, 2015.
- F6Represents a restricted stock unit award granted on February 26, 2016 that partially vested on February 26, 2017. The restricted stock units vest in four equal annual installments beginning on February 26, 2017.