EXELIXIS, INC. — Director's Dealing 2018

May 17, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: EXELIXIS, INC. (EXEL)
CIK: 0000939767
Period of Report: 2018-05-15

Reporting Person: SCANGOS GEORGE A (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-05-15	Common Stock	M	15000	$11.66	Acquired	1478648	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-05-15	Option (right to buy)	$11.66	M	15000	Disposed	2018-05-18	Common Stock (15000.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	8963	Indirect
Common Stock	8963	Indirect
Common Stock	5669	Indirect

Footnotes

F1: Shares held by George A. Scangos and Leslie S. Wilson, as Trustees of the Jennifer Scangos Trust.

F2: Shares held by George A. Scangos and Leslie S. Wilson, as Trustees of the Katherine Scangos Trust.

F3: Represents shares of Exelixis, Inc. common stock under the Exelixis, Inc. 401(k) Plan, pursuant to a plan statement dated as of May 14, 2018.

F4: The option, representing the right to purchase a total of 15,000 shares of Exelixis, Inc. common stock, became fully exercisable on May 19, 2011.