EXELIXIS, INC. — Director's Dealing 2017

May 31, 2017

SEC Form 4/A — Form 4/A

Issuer: EXELIXIS, INC. (EXEL)
CIK: 0000939767
Period of Report: 2017-05-25

Reporting Person: PAPADOPOULOS STELIOS (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-05-25	Common Stock	A	5843	—	Acquired	1234314	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-05-25	Option (right to buy)	$19.57	A	11686	Acquired	2024-05-24	Common Stock (11686.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	10000	Indirect

Footnotes

F1: Represents shares of Exelixis, Inc. common stock that will be issued to the Reporting Person upon vesting of restricted stock units. Each restricted stock unit is the economic equivalent of one share of Exelixis, Inc. common stock.

F2: The restricted stock units were granted to the Reporting Person on the Transaction Date pursuant to the Exelixis, Inc. 2017 Equity Incentive Plan. The restricted stock units will vest as to 100% of the shares subject to the restricted stock unit award on May 25, 2018, subject to the Reporting Person's continuous service through such date.

F3: Includes 5.843 shares of Exelixis, Inc. common stock that will be issued to the Reporting Person upon vesting of restricted stock units.

F4: The original Form 4 filed on May 26, 2017, is amended by this Form 4 amendment to include the Reporting Person's indirect beneficial ownership inadvertently omitted in the original Form 4.

F5: Option granted pursuant to the Exelixis, Inc. 2017 Equity Incentive Plan. The option is exercisable immediately, subject to repurchase provisions, and will vest as to 1/12th of the shares subject to the option each month following the date of grant, subject to the Reporting Person's continuous service through such dates.