X0303 4 2009-12-15 0 0000939767 EXELIXIS INC EXEL 0001387306 Lamb Peter 249 EAST GRAND AVE. P.O. BOX 511 SOUTH SAN FRANCISCO CA 94083-0511 0 1 0 0 EVP, Discovery Research & CSO Non-Qualified Stock Option (Right to Buy) 7.51 2009-12-15 4 A 0 25000 0 A 2010-12-15 2019-12-14 Common Stock 25000 25000 D Restricted Stock Units 2009-12-15 4 A 0 12500 0 A Common Stock 12500 12500 D Options granted pursuant to Issuer's 2000 Equity Incentive Plan. Twenty five percent (25%) of the shares vest one year from the grant date, and the remaining shares vest in 36 equal monthly installments thereafter. Each Restricted Stock Unit represents a contingent right to receive one share of Issuer's common stock. Restricted Stock Units granted pursuant to Issuer's 2000 Equity Incentive Plan. 1/4th of the original number of shares subject to the Restricted Stock Units will vest on February 15, 2011 and thereafter as to 1/16th of the original number of shares subject to the Restricted Stock Units on each succeeding May 15, August 15, November 15 and February 15. Vested shares will be delivered to the reporting person on the vesting date, provided that delivery may be delayed pursuant to the terms of the award agreement /s/ James B. Bucher, Attorney in Fact 2009-12-16