Alexander Aravanis - 18 Aug 2021 Form 4 Insider Report for ILLUMINA, INC. (ILMN)

Role: SVP, Chief Technology Officer
Signature: By: Robert Maynes for Alexander Aravanis
Issuer symbol: ILMN
Transactions as of: 18 Aug 2021
Net transactions value: +$5,976,179
Form type: 4
Filing time: 03 Sep 2021, 19:17:42 UTC
Previous filing: 07 Jul 2021
Next filing: 14 Oct 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ILMN	Common Stock	Award	$11,056,238	+21,653	+463%	$510.61	26,332	18 Aug 2021	Direct	F1
transaction	ILMN	Common Stock	Tax liability	$5,080,059	-9,949	-38%	$510.61	16,383	18 Aug 2021	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents shares acquired by the reporting person pursuant to the terms of the Agreement and Plan of Merger, dated as of September 20, 2020, as amended, by and among Illumina, Inc. and GRAIL, Inc. ("GRAIL"), among others (the "Merger Agreement"). At the closing of the transactions contemplated by the Merger Agreement (the "Closing"), the reporting person became entitled to receive in respect of the shares of Class A Common Stock of GRAIL and GRAIL stock options held by him as of immediately prior to the Closing the shares of Illumina common stock reported above, based on, in each case, an exchange ratio determined pursuant to the terms of the Merger Agreement.
F2	Represents tax withholding, required pursuant to the terms of the Merger Agreement, in connection with the shares received in respect of the GRAIL stock options held by the reporting person as of immediately prior to the Closing.

Content

Represents shares acquired by the reporting person pursuant to the terms of the Agreement and Plan of Merger, dated as of September 20, 2020, as amended, by and among Illumina, Inc. and GRAIL, Inc. ("GRAIL"), among others (the "Merger Agreement"). At the closing of the transactions contemplated by the Merger Agreement (the "Closing"), the reporting person became entitled to receive in respect of the shares of Class A Common Stock of GRAIL and GRAIL stock options held by him as of immediately prior to the Closing the shares of Illumina common stock reported above, based on, in each case, an exchange ratio determined pursuant to the terms of the Merger Agreement.

Represents tax withholding, required pursuant to the terms of the Merger Agreement, in connection with the shares received in respect of the GRAIL stock options held by the reporting person as of immediately prior to the Closing.