SEC Form 4 · accession 0001209191-19-018881
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
Mar 9, 2019
Accepted (ET)
Mar 12, 2019 · 5:16 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, 2019 | M | 24,400 | $0.00 | A | 949,753 | D | |
| Common StockF2,F3 | Mar 11, 2019 | S | 11,227 | $87.212 | D | 938,526 | D | |
| Common Stock | holding | — | — | — | 25,913 | I | Held in 401(K) Plan | |
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF4,F5 | — | Mar 9, 2019 | M | 24,400 | D | — | — | Common Stock | 24,400 | 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 March 9, 2019.
- F3In addition to the shares of Common Stock reported on this Form 4, which total 1,029,628 shares, Mr. Conroy also holds, in the aggregate, an additional 1,149,541 vested and unvested options to purchase shares of Common Stock and restricted stock units, with each restricted stock unit representing a contingent right to receive one share of Common Stock.
- F4Each restricted stock unit represents a contingent right to receive one share of common stock.
- F5Represents a restricted stock unit award granted on March 9, 2015 that partially vested on March 9, 2019. The restricted stock units vest in four equal annual installments beginning on March 9, 2016.