Pacific Biosciences of California (PACB) Form 4 PACIFIC BIOSCIENCES OF CALIFORNIA / Michael Hunkapiller ownership change

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Hunkapiller Michael

(Last) (First) (Middle)

PACIFIC BIOSCIENCES OF CALIFORNIA, INC.

1305 O'BRIEN DRIVE

(Street)

MENLO PARK CA 94025

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
PACIFIC BIOSCIENCES OF CALIFORNIA, INC. [ PACB ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
02/24/2021

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	02/24/2021		M		35,727	A	$6.14	884,132	D
Common Stock	02/24/2021		M		90,560	A	$5.72	974,692	D
Common Stock	02/24/2021		M		52,766	A	$7.87	1,027,458	D
Common Stock	02/24/2021		M		87,374	A	$5.27	1,114,832	D
Common Stock	02/24/2021		S(1)		87,349	D	$35.586(2)	1,027,483	D
Common Stock	02/24/2021		S(1)		55,399	D	$36.413(3)	972,084	D
Common Stock	02/24/2021		S(1)		72,303	D	$37.466(4)	899,781	D
Common Stock	02/24/2021		S(1)		51,376	D	$38.359(5)	848,405	D
Common Stock	02/25/2021		M		67,736	A	$5.72	916,141	D
Common Stock	02/25/2021		M		135,882	A	$7.87	1,052,023	D
Common Stock	02/25/2021		M		135,759	A	$5.27	1,187,782	D
Common Stock	02/25/2021		S(1)		110,515	D	$31.045(6)	1,077,267	D
Common Stock	02/25/2021		S(1)		123,383	D	$31.971(7)	953,884	D
Common Stock	02/25/2021		S(1)		23,331	D	$32.877(8)	930,553	D
Common Stock	02/25/2021		S(1)		49,410	D	$34.209(9)	881,143	D
Common Stock	02/25/2021		S(1)		29,500	D	$34.728(10)	851,643	D
Common Stock	02/25/2021		S(1)		3,238	D	$35.68	848,405	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option (right to buy)	$6.14	02/24/2021		M			35,727	(11)	03/17/2024	Common Stock	35,727	$0	0	D
Stock Option (right to buy)	$5.72	02/24/2021		M			90,560	(11)	03/16/2025	Common Stock	90,560	$0	177,485	D
Stock Option (right to buy)	$7.87	02/24/2021		M			52,766	(11)	03/15/2026	Common Stock	52,766	$0	215,245	D
Stock Option (right to buy)	$5.27	02/24/2021		M			87,374	(11)	02/15/2027	Common Stock	87,374	$0	180,893	D
Stock Option (right to buy)	$5.72	02/25/2021		M			67,736	(11)	03/16/2025	Common Stock	67,736	$0	109,749	D
Stock Option (right to buy)	$7.87	02/25/2021		M			135,882	(11)	03/15/2026	Common Stock	135,882	$0	79,363	D
Stock Option (right to buy)	$5.27	02/25/2021		M			135,759	(11)	02/15/2027	Common Stock	135,759	$0	45,134	D

Explanation of Responses:

1. The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 20, 2020.

2. This sale price represents the weighted average sale price of the shares sold ranging from $34.99 to $35.98 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4.

3. This sale price represents the weighted average sale price of the shares sold ranging from $35.99 to $36.98 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4.

4. This sale price represents the weighted average sale price of the shares sold ranging from $36.99 to $37.98 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4.

5. This sale price represents the weighted average sale price of the shares sold ranging from $37.99 to $38.82 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4.

6. This sale price represents the weighted average sale price of the shares sold ranging from $30.52 to $31.51 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4.

7. This sale price represents the weighted average sale price of the shares sold ranging from $31.52 to $32.51 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4.

8. This sale price represents the weighted average sale price of the shares sold ranging from $32.52 to $33.51 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4.

9. This sale price represents the weighted average sale price of the shares sold ranging from $33.53 to $34.52 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4.

10. This sale price represents the weighted average sale price of the shares sold ranging from $34.53 to $35.18 per share. Upon request by the Commission staff, the Issuer, or a security holder of the Issuer, the Reporting Person will provide full information regarding the number of shares sold at each separate price within the range set forth in this Form 4.

11. The shares subject to the option are fully vested and exercisable.

	/s/ Eric Schaefer, Attorney-in fact	02/26/2021
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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