EXELIXIS, INC. — Director's Dealing 2020

Sep 11, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: EXELIXIS, INC. (EXEL)
CIK: 0000939767
Period of Report: 2020-09-08

Reporting Person: Hessekiel Jeffrey (EVP and General Counsel)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-09-08	Common Stock	M	59692	$1.90	Acquired	313692	Direct
2020-09-08	Common Stock	M	190000	$6.21	Acquired	503692	Direct
2020-09-08	Common Stock	F	160666	$20.71	Disposed	343026	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-09-08	Option (right to buy)	$1.9	M	59692	Disposed	2022-02-04	Common Stock (59692.0)	Direct
2020-09-08	Option (right to buy)	$6.21	M	190000	Disposed	2022-09-15	Common Stock (190000.0)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	999	Indirect

Footnotes

F1: Includes 39,058 shares of Exelixis, Inc. common stock ("Common Stock") that will be issued to the Reporting Person upon vesting of restricted stock units.

F2: Represents a "net exercise" of outstanding stock options. The Reporting Person received 89,026 shares of Common Stock on the net exercise of stock options to purchase 249,692 shares of Common Stock. The Issuer withheld 160,666 shares of Common Stock underlying the stock options for payment of the exercise prices and tax withholdings using a stock price on September 8, 2020 of $20.71.

F3: Represents shares of Common Stock under the Exelixis, Inc. 401(k) Plan, pursuant to a plan statement dated as of September 8, 2020.

F4: The option, representing the right to purchase a total of 200,000 shares of Common Stock, became fully exercisable on April 28, 2016.

F5: The option, representing the right to purchase a total of 190,000 shares of Common Stock, became fully exercisable on September 16, 2019.