SEC Form 4 · accession 0000939767-19-000014
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
Jan 16, 2019
Accepted (ET)
Jan 18, 2019 · 8:16 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 | Jan 16, 2019 | M | 40,000 | $5.56 | A | 130,000 | D | |
| Common StockF3 | Jan 16, 2019 | S | 39,600 | $23.28 | D | 90,400 | D | |
| Common StockF4 | Jan 16, 2019 | S | 400 | $23.92 | D | 90,000 | D | |
| Common StockF5 | holding | — | — | — | 193,998 | I | By Trust | |
| Common StockF6 | holding | — | — | — | 17,400 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Common StockF7 | $5.56 | Jan 16, 2019 | M | 39,600 | D | Sep 21, 2013 | Sep 20, 2019 | Common Stock | 39,600 | 322,400 | D |
| Common StockF7 | $5.56 | Jan 16, 2019 | M | 400 | D | Sep 21, 2013 | Sep 20, 2019 | Common Stock | 400 | 322,000 | D |
Explanation of responses
- F1Includes 90,000 shares of Exelixis, Inc. common stock that will be issued to the Reporting Person upon vesting of restricted stock units.
- F2The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 29, 2018.
- F3Represents the weighted average sales price. The shares were sold in multiple transactions at prices ranging from $22.90 to $23.89. 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 3 to this Form 4.
- F4Represents the weighted average sales price. The shares were sold in multiple transactions at prices ranging from $23.90 to $23.93. 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 January 16, 2019.
- F7The option, representing the right to purchase a total of 402,000 shares of Exelixis, Inc. common stock, became fully exercisable on September 21, 2016.