EXELIXIS, INC. — Director's Dealing 2016

Dec 16, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: EXELIXIS, INC. (EXEL)
CIK: 0000939767
Period of Report: 2016-12-16

Reporting Person: FELDBAUM CARL B (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-12-16	Common Stock	M	25000	$10.41	Acquired	73721	Direct
2016-12-16	Common Stock	S	25000	$17.03	Disposed	48721	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-12-16	Option (right to buy)	$10.41	M	25000	Disposed	2017-02-07	Common Stock (25000.0)	Direct

Footnotes

F1: Includes 2,172 shares of Exelixis, Inc. common stock that will be issued to the Reporting Person upon vesting of restricted stock units.

F2: Represents the weighted average sales price. The shares were sold in multiple transactions at prices ranging from $17.02 to $17.08. 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.

F3: The option, representing the right to purchase a total of 25,000 shares of Exelixis, Inc. common stock, was exercisable immediately upon grant and became fully vested on February 8, 2011.