SEC Form 4 · accession 0000939767-16-000138
EXELIXIS, INC. · EXEL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael Morrissey
Officer — President and CEO · Director
Period of report
Feb 11, 2016
Accepted (ET)
Feb 16, 2016 · 8:48 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000939767
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2,F3 | Feb 11, 2016 | A | 114,286 | $0.00 | A | 114,286 | D | |
| Common StockF4 | Feb 11, 2016 | F | 43,149 | $4.20 | D | 71,137 | D | |
| Common StockF5 | holding | — | — | — | 103,561 | I | By Trust | |
| Common StockF6 | holding | — | — | — | 15,153 | I | By 401(k) |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Option (right to buy)F7 | $4.20 | Feb 11, 2016 | A | 150,000 | A | Feb 11, 2017 | Feb 10, 2023 | Common Stock | 150,000 | 150,000 | D |
Explanation of responses
- F1Represents shares of Exelixis, Inc. common stock issued to the Reporting Person upon vesting of restricted stock units. Each restricted stock unit is the economic equivalent of one share of Exelixis, Inc.common stock.
- F2The restricted stock units were granted to the Reporting Person on the Transaction Date pursuant to the Exelixis, Inc. 2014 Equity Incentive Plan and vested in full on the Transaction Date.
- F3Excludes 1,890 shares previously owned directly which were contributed to the Morrissey Family Living Trust dated July 21, 1994, as amended.
- F4Shares withheld by Exelixis, Inc. to satisfy taxes payable in connection with the vesting of restricted stock units awarded on the Transaction Date.
- F5Shares held by Michael M. Morrissey and Meghan D. Morrissey, Trustees of the Morrissey Family Living Trust dated July 21, 1994, as amended.
- F6Represents 15,153 shares of Exelixis, Inc. common stock under the Exelixis, Inc. 401(k) Plan, pursuant to a plan statement dated as of February 12, 2016.
- F7Option granted pursuant to the Exelixis, Inc. 2014 Equity Incentive Plan. Option will vest as to 1/4th of the original number of shares subject to the option on the one-year anniversary of the Transaction Date, and thereafter as to 1/48th of the original number of shares subject to the option on each monthly anniversary of the Transaction Date.