Form Type: 4

SEC EDGAR Link
Accession Number:0000939767-20-000107
Date:2020-07-20
Issuer: EXELIXIS, INC. (EXEL)
Original Submission Date:

Reporting Person:

MORRISSEY MICHAEL
C/O EXELIXIS, INC.
1851 HARBOR BAY PARKWAY ALAMEDA, CA 94502

Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
Title of SecurityTransaction Date2a. Deemed Execution Date Transaction CodeSharesAcquired or DisposedPrice per share 5. Amount of Securities Beneficially Owned Following Reported Transaction 6. Ownership Form Direct or IndirectNature of Indirect Ownership
COMMON STOCK 2020-07-14 G 35,559 d $0.00 85,985 direct
COMMON STOCK 2020-07-14 G 35,559 a $0.00 995,772 indirect f3
COMMON STOCK 2020-07-20 M 100,000 a $6.21 185,985 direct
COMMON STOCK 2020-07-20 F 64,137 d $25.60 121,848 direct
COMMON STOCK 2020-07-22 G 35,863 d $0.00 85,985 direct
COMMON STOCK 2020-07-22 G 35,863 a $0.00 1,031,635 indirect f3
COMMON STOCK 2020-07-20 0 $0.00 17,728 indirect
Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, convertible securities
Title of Derivative Security Conversion or Exercise Price of Derivative Security Transaction Date Deemed Execution Date Transaction Code Number of Derivative Securities Acquired (A) or Disposed of (D) Date ExercisableExpiration Date Title and Amount of Securities Underlying Derivative Security Price of Derivative Security Number of derivative Securities Beneficially Owned Following Reported Transaction(s) Ownership Form: Direct (D) or Indirect (I) Nature of Indirect Beneficial Ownership
OPTION (RIGHT TO BUY) 6.21 2020-07-20 deemed execution date M 100,000 (d) 2016-09-16 2022-09-15 common stock 100,000 $6.21 0 direct
Footnotes
IDfootnote
f1 on july 14, 2020, the reporting person gifted 35,559 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 exelixis, inc. 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 35,863 shares of common stock on the net exercise of a stock option to purchase 100,000 shares of common stock. the issuer withheld 64,137 shares of common stock underlying the stock option for payment of the exercise price and tax withholding using a stock price on july 20, 2020 of $25.60.
f5 on july 22, 2020, the reporting person gifted 35,863 shares of common stock to michael m. morrissey and meghan d. morrissey, trustees of the morrissey family trust dated july 21, 1994, as amended.
f6 represents shares of common stock under the exelixis, inc. 401(k) plan, pursuant to a plan statement dated as of july 20, 2020.
f7 the option, representing the right to purchase a total of 500,000 shares of common stock, became fully exercisable on september 16, 2019.
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