Alexander Aravanis - Mar 1, 2022 Form 4 Insider Report for ILLUMINA, INC. (ILMN)

Role: SVP, Chief Technology Officer
Signature: By: Robert Maynes for Alexander Aravanis
Stock symbol: ILMN
Transactions as of: Mar 1, 2022
Transactions value $: $11,558,420
Form type: 4
Date filed: 3/3/2022, 05:21 PM
Previous filing: Nov 16, 2021
Next filing: Jul 7, 2022

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	ILMN	Non-qualified Stock Option (Right to Buy)	Award	$11.6M	+35K		$330.25	35K	Mar 1, 2022	Common Stock	35K	$330.25	Direct	F1
transaction	ILMN	Performance Shares	Award	$0	+12.1K		$0.00	12.1K	Mar 1, 2022	Common Stock	12.1K		Direct	F2

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

Explanation of Responses:

Id	Content
F1	Twenty-five percent (25%) of the shares subject to the option become exercisable on the date indicated above, subject to optionee's continuing to be a service provider on such date. An additional 25% of the shares subject to the option shall become exercisable each year thereafter, subject to optionee's continuing to be a service provider on such date.
F2	Each performance stock unit represents a contingent right to receive one share of common stock based on the Company's earnings per share for the fiscal year ending December 29, 2024. The number of shares issued will range from 0% to 200% of the amount specified above, based on the company's actual earnings per share for the fiscal year ending December 29, 2024, relative to pre-defined objectives, subject to the awardee's continuing status as a service provider on such dates.

Content

Twenty-five percent (25%) of the shares subject to the option become exercisable on the date indicated above, subject to optionee's continuing to be a service provider on such date. An additional 25% of the shares subject to the option shall become exercisable each year thereafter, subject to optionee's continuing to be a service provider on such date.

Each performance stock unit represents a contingent right to receive one share of common stock based on the Company's earnings per share for the fiscal year ending December 29, 2024. The number of shares issued will range from 0% to 200% of the amount specified above, based on the company's actual earnings per share for the fiscal year ending December 29, 2024, relative to pre-defined objectives, subject to the awardee's continuing status as a service provider on such dates.