SEC Form 4 · accession 0000939767-17-000160
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
Sep 27, 2017
Accepted (ET)
Sep 28, 2017 · 7:47 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 | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Sep 27, 2017 | M | 2,302 | $1.90 | A | 270,248 | D | |
| Common Stock | Sep 27, 2017 | S | 2,302 | $23.90 | D | 267,946 | D | |
| Common Stock | Sep 28, 2017 | M | 25,000 | $1.90 | A | 292,946 | D | |
| Common StockF2 | Sep 28, 2017 | S | 25,000 | $24.32 | D | 267,946 | D | |
| Common StockF3 | holding | — | — | — | 314 | 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)F4 | $1.90 | Sep 27, 2017 | M | 2,302 | D | Jul 20, 2015 | Feb 4, 2022 | Common Stock | 2,302 | 197,698 | D |
| Option (right to buy)F4 | $1.90 | Sep 28, 2017 | M | 25,000 | D | Jul 20, 2015 | Feb 4, 2022 | Common Stock | 25,000 | 172,698 | 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 $24.20 to $24.40. 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.
- F3Represents 314 shares of Exelixis, Inc. common stock under the Exelixis, Inc. 401(k) Plan, pursuant to a plan statement dated as of September 26, 2017.
- F4The option, representing the right to purchase a total of 200,000 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.