Form Type: 4

SEC EDGAR Link
Accession Number:0000939767-21-000051
Date:2021-05-12
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 2021-05-10 G 40,616 d $0.00 1,019,067 indirect f2
COMMON STOCK 2021-05-12 M 50,000 a $4.20 541,813 direct
COMMON STOCK 2021-05-12 F 30,278 d $25.16 511,535 direct
COMMON STOCK 2021-05-14 G 19,722 d $0.00 491,813 direct
COMMON STOCK 2021-05-14 G 19,722 a $0.00 1,038,789 indirect
COMMON STOCK 2021-05-12 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) 4.2 2021-05-12 deemed execution date M 50,000 (d) 2017-02-11 2023-02-10 common stock 50,000 $4.20 100,000 direct
Footnotes
IDfootnote
f1 represents shares of exelixis, inc. common stock ("common stock") that the reporting person donated as a gift to a donor advised fund.
f2 shares held by michael m. morrissey and meghan d. morrissey, trustees of the morrissey family living trust dated july 21, 1994, as amended.
f3 includes 491,813 shares of common stock that will be issued to the reporting person upon vesting of restricted stock units.
f4 represents a "net exercise" of an outstanding stock option. the reporting person received 19,722 shares of common stock on the net exercise of a stock option to purchase 50,000 shares of common stock. the issuer withheld 30,278 shares of common stock underlying the stock option for payment of the exercise price and tax withholding using a stock price on may 12, 2021 of $25.16.
f5 on may 14, 2021, the reporting person gifted 19,722 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 may 11, 2021.
f7 the option, representing the right to purchase a total of 150,000 shares of common stock, became fully exercisable on february 11, 2020.
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