SEC Form 4 · accession 0001209191-18-019479
EXACT SCIENCES CORP · EXAS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Graham Peter Lidgard
Officer — Chief Science Officer
Period of report
Mar 9, 2018
Accepted (ET)
Mar 13, 2018 · 9:37 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 | Mar 9, 2018 | M | 6,125 | $23.38 | A | 200,074 | D | |
| Common StockF2,F3 | Mar 9, 2018 | S | 6,125 | $50.939 | D | 193,949 | D | |
| Common StockF4 | Mar 9, 2018 | M | 8,425 | $0.00 | A | 202,374 | D | |
| Common StockF5 | Mar 12, 2018 | S | 3,961 | $52.194 | D | 198,413 | D | |
| Common StockF2 | Mar 13, 2018 | S | 4,464 | $53.21 | D | 193,949 | D | |
| Common Stock | holding | — | — | — | 12,340 | I | Held in 401(K) Plan |
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)F6 | $23.38 | Mar 9, 2018 | M | 6,125 | D | — | Mar 9, 2025 | Common Stock | 6,125 | 6,125 | D |
| Restricted Stock UnitsF7,F8 | — | Mar 9, 2018 | M | 8,425 | D | — | — | Common Stock | 8,425 | 8,425 | D |
Explanation of responses
- F1Represents shares of common stock received upon exercise of a stock option award.
- F2The sales reported in this field were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 10, 2017.
- F3The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $50.85 to $50.96, inclusive. The reporting person undertakes to provide to Exact Sciences Corporation, any security holder of Exact Sciences Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote (3) to this Form 4.
- F4Represents shares of common stock received upon vesting of a restricted stock unit award.
- F5Represents 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 March 9, 2018.
- F6This option vests and becomes exercisable in four equal annual installments beginning on March 9, 2016.
- F7Each restricted stock unit represents a contingent right to receive one share of common stock.
- F8Represents a restricted stock unit award granted on March 9, 2015 that partially vested on March 9, 2018. The restricted stock units vest in four equal annual installments beginning on March 9, 2016.