Michele Farmer - 17 May 2021 Form 4 Insider Report for PACIFIC BIOSCIENCES OF CALIFORNIA, INC. (PACB)

Role: Chief Accounting Officer
Signature: /s/ Brett Atkins, Attorney-in-fact
Issuer symbol: PACB
Transactions as of: 17 May 2021
Net transactions value: $0
Form type: 4
Filing time: 19 May 2021, 16:25:20 UTC
Next filing: 04 Mar 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PACB	Common Stock	Award	$0	+40,000		$0.000000	40,000	17 May 2021	Direct	F1

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	PACB	Stock Option (right to buy)	Award	$0	+80,000		$0.000000	80,000	17 May 2021	Common Stock	80,000	$23.39	Direct	F2

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

Explanation of Responses:

Id	Content
F1	Each share is represented by a Restricted Stock Unit ("RSU"). The RSUs will vest in equal annual installments on May 17 of each of 2022, 2023, 2024, and 2025, provided that the Reporting Person continues to serve through each vesting date.
F2	1/4 of the shares subject to the option will vest on the one year anniversary of the date of grant, and the balance of shares will vest monthly thereafter over the next three years, provided that the Reporting Person continues to serve through each vesting date.