X0306
4
2013-05-15
0
0000939767
EXELIXIS, INC.
EXEL
0001202103
SIMONTON PAMELA A
C/O EXELIXIS, INC.
210 E. GRAND AVE.
SOUTH SAN FRANCISCO
CA
94080
0
1
0
0
EVP and General Counsel
Common Stock
2013-05-15
4
M
0
1875
0
A
15503
D
Common Stock
2013-05-15
4
F
0
706
0
D
14797
D
Common Stock
9017
I
By 401(K)
Restricted Stock Units
2013-05-15
4
M
0
1875
D
Common Stock
1875
7500
D
Represents the conversion upon vesting of restricted stock units into common stock (the "Converted Common Stock"). On December 9, 2009, the reporting person was granted 30,000 restricted stock units, of which 1/16th of the shares subject to the restricted stock units vested on May 15, 2013. Such restricted stock units were previously reported in Table II on a Form 4 filed with the Securities and Exchange Commission on December 11, 2009.
The reporting person is reporting the withholding by Exelixis, Inc. of 706 shares of common stock to satisfy the reporting person's tax withholding obligations in connection with the delivery of the Converted Common Stock to the reporting person on May 15, 2013.
Represents 9,017 shares of Exelixis, Inc. common stock under the Exelixis, Inc. 401(k) Plan, pursuant to a plan statement dated as of May 15, 2013.
Each restricted stock unit is the economic equivalent of one share of Exelixis, Inc. common stock.
On December 9, 2009, the reporting person was granted 30,000 restricted stock units, of which 1/16th of the shares subject to the restricted stock units vested on May 15, 2013. The common stock into which such vested restricted stock units converted on May 15, 2013 is reported in Table I on this Form 4. The remaining unvested restricted stock units will continue to vest as to 1/16th of the original number of shares subject to the restricted stock units on each succeeding August 15, November 15, February 15 and May 15 until fully vested.
/s/ James B. Bucher, Attorney in Fact
2013-05-17