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EXELIXIS, INC. — Director's Dealing 2020
May 30, 2020
30561_dirs_2020-05-29_be8422ef-4b45-4593-93c5-58516b09eae1.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: EXELIXIS, INC. (EXEL)
CIK: 0000939767
Period of Report: 2020-05-29
Reporting Person: MORRISSEY MICHAEL (Director, President and CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2020-05-19 | Common Stock | G | 35935 | — | Disposed | 85985 | Direct |
| 2020-05-19 | Common Stock | G | 35935 | — | Acquired | 889574 | Indirect |
| 2020-05-29 | Common Stock | M | 100000 | $6.21 | Acquired | 185985 | Direct |
| 2020-05-29 | Common Stock | F | 64550 | $24.71 | Disposed | 121435 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2020-05-29 | Option (right to buy) | $6.21 | M | 100000 | Disposed | 2022-09-15 | Common Stock (100000.0) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 17728 | Indirect |
Footnotes
F1: On May 19, 2020, the Reporting Person gifted 35,935 shares of Exelixis, Inc. common stock ("Common Stock") to Michael M. Morrissey and Meghan D. Morrissey, Trustees of the Morrissey Family Trust dated July 21, 1994, as amended.
F2: Includes 85,985 shares of Common Stock that will be issued to the Reporting Person upon vesting of restricted stock units.
F3: Shares held by Michael M. Morrissey and Meghan D. Morrissey, Trustees of the Morrissey Family Living Trust dated July 21, 1994, as amended.
F4: Represents a "net exercise" of an outstanding stock option. The Reporting Person received 35,450 shares of Common Stock on the net exercise of a stock option to purchase 100,000 shares of Common Stock. The Issuer withheld 64,550 shares of Common Stock underlying the stock option for payment of the exercise price and tax withholding using a stock price on May 29, 2020 of $24.71.
F5: Represents shares of Common Stock under the Exelixis, Inc. 401(k) Plan, pursuant to a plan statement dated as of May 28, 2020.
F6: The option, representing the right to purchase a total of 500,000 shares of Exelixis, Inc. common stock, became fully exercisable on September 16, 2019.