EXELIXIS, INC. — Director's Dealing 2018

Jan 11, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: EXELIXIS, INC. (EXEL)
CIK: 0000939767
Period of Report: 2018-01-08

Reporting Person: Garber Alan M (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-01-08	Common Stock	M	3500	$7.97	Acquired	64829	Direct
2018-01-08	Common Stock	S	3500	$31.29	Disposed	61329	Direct
2018-01-09	Common Stock	M	11500	$7.97	Acquired	72829	Direct
2018-01-09	Common Stock	S	11500	$30	Disposed	61329	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-01-08	Option (right to buy)	$7.97	M	3500	Disposed	2018-05-01	Option (right to buy) (3500.0)	Direct
2018-01-09	Option (right to buy)	$7.97	M	11500	Disposed	2018-05-01	Option (right to buy) (11500.0)	Direct

Footnotes

F1: The sale reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 26, 2017.

F2: Represents the weighted average sales price. The shares were sold in multiple transactions at prices ranging from $31.00 to $31.51. 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 15,000 shares of Exelixis, Inc. common stock, became fully exercisable on May 2, 2009.