EXELIXIS, INC. — Director's Dealing 2015

Oct 19, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: EXELIXIS, INC. (EXEL)
CIK: 0000939767
Period of Report: 2015-10-16

Reporting Person: Lamb Peter (EVP, Discovery Research & CSO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-10-16	Common Stock	M	2881	$5.63	Acquired	39354	Direct
2015-10-16	Common Stock	M	12000	$5.63	Acquired	51354	Direct
2015-10-16	Common Stock	M	12667	$5.63	Acquired	64021	Direct
2015-10-16	Common Stock	M	24001	$5.63	Acquired	88022	Direct
2015-10-16	Common Stock	S	51549	$5.80	Disposed	36473	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-10-16	Option (right to buy)	$5.63	M	2881	Disposed	2015-10-17	Common Stock (2881.0)	Direct
2015-10-16	Option (right to buy)	$5.63	M	12000	Disposed	2015-10-17	Common Stock (12000.0)	Direct
2015-10-16	Option (right to buy)	$5.63	M	12667	Disposed	2015-10-17	Common Stock (12667.0)	Direct
2015-10-16	Option (right to buy)	$5.63	M	24001	Disposed	2015-10-17	Common Stock (24001.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	14478	Indirect

Footnotes

F1: Represents 14,478 shares of Exelixis, Inc. common stock under the Exelixis, Inc. 401(k) Plan, pursuant to a plan statement dated as of October 13, 2015.

F2: Option granted pursuant to Issuer's 2000 Equity Incentive Plan. Thirty-three percent (33%) of the shares vest one year from date of grant, and the remaining shares vest in 24 equal monthly installments thereafter.