EXELIXIS, INC. — Director's Dealing 2019

Apr 4, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: EXELIXIS, INC. (EXEL)
CIK: 0000939767
Period of Report: 2019-04-01

Reporting Person: Garber Alan M (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-04-01	Common Stock	M	15000	$5.92	Acquired	76329	Direct
2019-04-01	Common Stock	S	15000	$24	Disposed	61329	Direct
2019-04-01	Common Stock	M	15000	$4.57	Acquired	76329	Direct
2019-04-01	Common Stock	S	15000	$23.97	Disposed	61329	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-04-01	Option (right to buy)	$5.92	S	15000	Disposed	2020-05-18	Common Stock (15000.0)	Direct
2019-04-01	Option (right to buy)	$4.57	S	15000	Disposed	2019-05-23	Common Stock (15000.0)	Direct

Footnotes

F1: The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on August 30, 2018 and modified on February 28, 2019.

F2: Represents the weighted average sales price. The shares were sold in multiple transactions at prices ranging from $23.89 to $24.14. 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 19, 2010.

F4: The option, representing the right to purchase a total of 15,000 shares of Exelixis, Inc. common stock, became fully exercisable on May 24, 2012.