SEC Form 4 · accession 0001209191-17-046562
EXACT SCIENCES CORP · EXAS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kevin T Conroy
Officer — President and CEO · Director
Period of report
Jul 27, 2017
Accepted (ET)
Jul 28, 2017 · 4:13 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 | May 1, 2017 | A | 3,571 | $5.95 | A | 820,810 | D | |
| Common Stock | holding | — | — | — | 24,990 | I | Held in 401(K) Account | |
| Common Stock | holding | — | — | — | 65,189 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (right to buy)F2,F3 | $21.68 | Jul 27, 2017 | A | 240,000 | A | Feb 23, 2018 | Feb 23, 2027 | Common Stock | 240,000 | 240,000 | D |
| Restricted Stock UnitsF5,F4,F6 | — | Jul 27, 2017 | A | 137,300 | A | — | — | Common Stock | 137,300 | 137,300 | D |
Explanation of responses
- F1Reprsents shares of common stock purchased through Employee Stock Purchase Plan.
- F2This option award was granted by the Compensation Committee of the Board of Directors of Exact Sciences Corporation (the "Company") on February 23, 2017, contingent upon stockholder approval of Amendment No. 1 to the Company's 2010 Omnibus Long-Term Incentive Plan (As Amended and Restated Effective April 28, 2015) (the "Plan Amendment"). The Company's stockholders approved the Plan Amendment at the Company's 2017 Annual Meeting of Stockholders on July 27, 2017.
- F3These options vest and become exercisable in four equal annual installments beginning on February 23, 2018.
- F4Each restricted stock unit represents a contingent right to receive one share of common stock.
- F5This restricted stock unit award was granted by the Compensation Committee of the Company's Board of Directors on February 23, 2017, contingent upon stockholder approval of the Plan Amendment. The Company's stockholders approved the Plan Amendment at the Company's 2017 Annual Meeting of Stockholders on July 27, 2017.
- F6These restricted stock units vest in four equal annual installments beginning on February 23, 2018.