Sec Form 3 Filing - Nikka David @ EXACT SCIENCES CORP - 2007-07-18

Insider filing report for Changes in Beneficial Ownership
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FORM 3
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
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, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Nikka David
2. Issuer Name and Ticker or Trading Symbol
EXACT SCIENCES CORP [ EXAS]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
Chief Operating Officer
(Last) (First) (Middle)
C/O EXACT SCIENCES CORPORATION, 100 CAMPUS DRIVE
3. Date of Earliest Transaction (MM/DD/YY)
07/18/2007
(Street)
MARLBOROUGH, MA01752
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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 4,020 D
Common Stock 5,580 ( 1 ) I By 401(k) Plan
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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(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 of Derivative Security: 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) $ 2.77 ( 2 ) 02/15/2017 Common Stock, $.01 par value per share 75,000 D
Stock Option (right to buy) $ 2.61 ( 3 ) 02/16/2016 Common Stock, $.01 par value per share 75,000 D
Stock Option (right to buy) $ 4.22 ( 4 ) 02/17/2015 Common Stock, $.01 par value per share 20,000 D
Stock Option (right to buy) $ 3.61 ( 5 ) 12/23/2014 Common Stock, $.01 par value per share 60,000 D
Stock Option (right to buy) $ 7.72 ( 6 ) 02/11/2014 Common Stock, $.01 par value per share 30,000 D
Stock Option (right to buy) $ 6.78 ( 6 ) 02/12/2013 Common Stock, $.01 par value per share 40,000 D
Stock Option (right to buy) $ 7.93 ( 6 ) 02/11/2012 Common Stock, $.01 par value per share 28,000 D
Stock Option (right to buy) $ 11.32 ( 6 ) 06/18/2011 Common Stock, $.01 par value per share 100,000 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Nikka David
C/O EXACT SCIENCES CORPORATION
100 CAMPUS DRIVE
MARLBOROUGH, MA01752
Chief Operating Officer
Signatures
/s/ David Nikka 07/26/2006
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Represents a Company match of 544 units in the EXACT Sciences Fund under the Company's qualified 401(k) retirement saving plan for the plan year ended December 31, 2006, valued as of May 15, 2007, and 700 units in the EXACT Sciences Fund under the Company's qualified 401(k) retirement saving plan for the plan year ended December 31, 2005, valued as of July 27, 2006.
( 2 )Option becomes exercisable in equal monthly installments over a three year period beginning March 15, 2007, with 2.7778% of the option becoming exercisable on the first day of each subsequent one month period thereafter until fully exercisable.
( 3 )Option becomes exercisable in equal monthly installments over a three year period beginning March 16, 2006, with 2.7778% of the option becoming exercisable on the first day of each subsequent one month period thereafter until fully exercisable.
( 4 )Option is subject to a four year vesting schedule, with 25% of the option becoming exercisable on February 17, 2006, and 2.083% of the option becoming exercisable each month thereafter for the next 36 months.
( 5 )Option becomes exercisable in equal monthly installments over a three year period beginning January 23, 2005, with 2.7778% of the option becoming exercisable on the first day of each subsequent one month period thereafter until fully exercisable.
( 6 )Option is currently exercisable.

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