Jeff Eidel - Aug 16, 2022 Form 4 Insider Report for PACIFIC BIOSCIENCES OF CALIFORNIA, INC. (PACB)

Signature
/s/ Michele Farmer, Attorney-in-fact
Stock symbol
PACB
Transactions as of
Aug 16, 2022
Transactions value $
$0
Form type
4
Date filed
8/18/2022, 12:29 PM
Next filing
Sep 6, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PACB Common Stock Award $0 +300K +52631.58% $0.00 301K Aug 16, 2022 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 +600K $0.00 600K Aug 16, 2022 Common Stock 600K $8.00 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 August 16th of each of 2023, 2024, 2025, and 2026, 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.

Remarks:

Chief Commercial Officer