EXELIXIS, INC. — Director's Dealing 2020

Jan 10, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: EXELIXIS, INC. (EXEL)
CIK: 0000939767
Period of Report: 2020-01-07

Reporting Person: Garber Alan M (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-01-07	Common Stock	M	30000	$4.58	Acquired	91329	Direct
2020-01-07	Common Stock	M	56956	$5.82	Acquired	148285	Direct
2020-01-07	Common Stock	S	86956	$18.01	Disposed	61329	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-01-07	Option (right to buy)	$4.58	M	30000	Disposed	2020-05-22	Common Stock (30000.0)	Direct
2020-01-07	Option (right to buy)	$5.82	M	56956	Disposed	2020-12-05	Common Stock (56956.0)	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, 2019.

F2: Represents the weighted average sales price. The shares were sold in multiple transactions at prices ranging from $18.00 to $18.02. 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 30,000 shares of Exelixis, Inc. common stock, became fully exercisable on May 23, 2013.

F4: The option, representing the right to purchase a total of 56,956 shares of Exelixis, Inc. common stock, became fully exercisable on December 6, 2013.