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EXELIXIS, INC. Director's Dealing 2012

May 25, 2012

30561_dirs_2012-05-25_a1dd0f7c-b8d5-4d81-88b1-bcb81c60d460.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: EXELIXIS INC (EXEL)
CIK: 0000939767
Period of Report: 2012-05-24

Reporting Person: PAPADOPOULOS STELIOS (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-05-24	Option (right to buy)	$4.57	A	15000	Acquired	2019-05-23	Common Stock (15000)	Direct

Footnotes

F1: Option granted pursuant to Issuer's 2000 Non-Employee Directors' Stock Option Plan. The option is exercisable immediately, subject to repurchase provisions, and will vest monthly over the following year.