SEC Form 4 · accession 0000939767-18-000234
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
Nov 15, 2018
Accepted (ET)
Nov 16, 2018 · 8:22 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 | Nov 15, 2018 | F | 9,916 | $17.45 | D | 115,084 | D | |
| Common StockF3 | Nov 15, 2018 | F | 7,437 | $17.45 | D | 107,647 | D | |
| Common Stock | Nov 15, 2018 | M | 25,000 | $4.42 | A | 132,647 | D | |
| Common StockF4 | Nov 15, 2018 | S | 25,000 | $17.22 | D | 107,647 | D | |
| Common StockF5 | holding | — | — | — | 176,351 | I | By Trust | |
| Common StockF6 | holding | — | — | — | 17,354 | 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 | $4.42 | Nov 15, 2018 | M | 25,000 | D | Feb 26, 2010 | Feb 25, 2019 | Common Stock | 25,000 | 0 | D |
Explanation of responses
- F1Shares withheld by Exelixis, Inc. to satisfy taxes payable in connection with the vesting of restricted stock units awarded October 3, 2017.
- F2Includes 90,000 shares of Exelixis, Inc. common stock that will be issued to the Reporting Person upon vesting of restricted stock units.
- F3Shares withheld by Exelixis, Inc. to satisfy taxes payable in connection with the vesting of restricted stock units awarded September 26, 2016.
- F4Represents the weighted average sales price. The shares were sold in multiple transactions at prices ranging from $17.16 to $17.30. 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 4 to this Form 4.
- F5Shares held by Michael M. Morrissey and Meghan D. Morrissey, Trustees of the Morrissey Family Living Trust dated July 21, 1994, as amended.
- F6Represents shares of Exelixis, Inc. common stock under the Exelixis, Inc. 401(k) Plan, pursuant to a plan statement dated as of November 14, 2018.
- F7The option, representing the right to purchase a total of 25,000 shares of Exelixis, Inc. common stock, became fully exercisable on February 26, 2013.