Hannah Valantine - 16 Jun 2021 Form 4 Insider Report for PACIFIC BIOSCIENCES OF CALIFORNIA, INC. (PACB)

Role: Director
Signature: /s/ Brett Atkins, Attorney-in-fact
Issuer symbol: PACB
Transactions as of: 16 Jun 2021
Net transactions value: $0
Form type: 4
Filing time: 21 Jun 2021, 21:46:15 UTC
Next filing: 02 Jul 2021
SEC: View on sec.gov

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	+28,992		$0.000000	28,992	16 Jun 2021	Common Stock	28,992	$27.90	Direct	F1

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

Explanation of Responses:

Id	Content
F1	Dr. Valantine was elected to the Board of Directors on June 16, 2021. One-third of the shares subject to the option will vest on the one year anniversary of Dr. Valantine joining the Board, and the remainder will vest in equal monthly installments thereafter for 24 months on the same date of the month as her initial start date, provided she continues to serve as a director through each vesting date.

Content

Dr. Valantine was elected to the Board of Directors on June 16, 2021. One-third of the shares subject to the option will vest on the one year anniversary of Dr. Valantine joining the Board, and the remainder will vest in equal monthly installments thereafter for 24 months on the same date of the month as her initial start date, provided she continues to serve as a director through each vesting date.