SEC Form 4 · accession 0000939767-17-000045

EXELIXIS, INC. · EXEL

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — EVP and General Counsel

Period of report

Mar 22, 2017

Accepted (ET)

Mar 24, 2017 · 7:41 pm EDT

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
Common Stock^F1	Mar 22, 2017	M	55,000	$1.70	A	301,617	D
Common Stock^F2	Mar 22, 2017	S	23,787	$20.54	D	277,830	D
Common Stock	Mar 16, 2017	G	3,000	$0.00	D	274,830	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Option (right to buy)^F3	$1.70	Mar 22, 2017	M	55,000	D	Jul 20, 2015	Sep 18, 2021	Common Stock	55,000	145,000	D

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 $20.53 to $20.58. 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 400,000 shares of Exelixis, Inc. common stock, became exercisable as to fifty percent (50%) of the shares subject to the option on July 20, 2015, as to twenty-five (25%) of the shares subject to the option on March 7, 2016 and as to the remaining twenty-five (25%) of the shares subject to the option on April 28, 2016.