SEC Form 4 · accession 0000939767-17-000031
EXELIXIS, INC. · EXEL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeffrey Hessekiel
Officer — EVP and General Counsel
Period of report
Mar 3, 2017
Accepted (ET)
Mar 7, 2017 · 8:00 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 | Mar 3, 2017 | M | 100,000 | $7.27 | A | 346,617 | D | |
| Common Stock | Mar 3, 2017 | S | 36,999 | $23.00 | D | 309,618 | D | |
| Common Stock | Mar 3, 2017 | S | 3,519 | $23.20 | D | 306,099 | D | |
| Common StockF2 | Mar 3, 2017 | S | 59,482 | $23.05 | D | 246,617 | D |
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)F3 | $7.27 | Mar 3, 2017 | M | 100,000 | D | Feb 10, 2015 | Feb 9, 2021 | Common Stock | 100,000 | 130,000 | D |
Explanation of responses
- F1Includes 16,250 shares of Exelixis, Inc. common stock that will be issued to the Reporting Person upon vesting of restricted stock units.
- F2Represents the weighted average sales price. The shares were sold in multiple transactions at prices ranging from $23.03 to $23.14. Reporting Person undertakes to provide Exelixis, Inc., any security holder of Exelixis, Inc., 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 footnote 2 to this Form 4.
- F3The option, representing the right to purchase a total of 230,000 shares of Exelixis, Inc. common stock, was exercisable as to 172,500 shares on the Transaction Date. The remainder of the option will vest as to 1/48th of the original number of shares subject to the option on each monthly anniversary of the February 10, 2014 grant date.