NON-EMPLOYEE DIRECTORS OPTION ELECTION
STOCK OPTION AGREEMENT
A. Pharmacyclics, Inc. (the "Corporation") has approved and implemented the 1995 Stock Option
Plan (the "Plan") pursuant to which eligible non-employee members of the Corporation's Board of
Directors (the "Board) are eligible to receive stock option grants in order to provide such
individuals with a meaningful incentive to continue to serve as a member of the Board.
B. Optionee is eligible as a non-employee Board member, and this Agreement is executed pursuant
to, and is intended to carry out the purposes of, the Plan in connection with a grant of a stock
option to purchase shares of the Corporation's common stock ("Common Stock") under the Plan.
C. The granted option is intended to be a non-statutory option which does not meet the
requirements of Section 422 of the Internal Revenue Code.
NOW, THEREFORE , it is hereby agreed as follows:
1. Grant of Option . Subject to and upon the terms and conditions set forth in this
Agreement, there is hereby granted to Optionee, as of the date of grant (the "Grant Date")
specified in the accompanying Notice of Grant of Stock Option (the "Grant Notice"), a
stock option to purchase up to that number of shares of Common Stock (the "Option
Shares") as is specified in the Grant Notice. The Option Shares shall be purchasable from
time to time during the option term at the price per share (the "Exercise Price") specified in
the Grant Notice.
2. Option Term . This option shall have a maximum term of ten (10) years measured from the
Grant Date and shall expire at the close of business on the Expiration Date specified in the
Grant Notice, unless sooner terminated under Paragraph 5.
3. Limited Transferability . This option shall be neither transferable nor assignable by
Optionee, other than a transfer of this option effected by will or by the laws of descent
and distribution following Optionee's death, and may be exercised, during Optionee'