Human blood coagulation factor V (FV)2 is as a single-chain glycoprotein that consists of a mosaic domain structure composed of three homologous A-type domains, two smaller C-type domains, and a large B-domain (A1-A2-B-A3-C1-C2) (1). FV, which has little or no intrinsic procoagulant cofactor activity, is activated by thrombin or factor Xa (FXa) through limited proteolysis (2). Proteolytic activation of FV results in the removal of the FV B-domain and the exposure of regions in the FV molecule that are important for the expression of its procoagulant activity (3, 4). Activated FV (FVa) is a heterodimer that consists of a heavy chain (A3-A2 domains) and a light chain (A1-C1-C2 domains) that are noncovalently associated in a calcium-dependent manner (5, 6). FVa is the essential nonenzymatic cofactor of the prothrombinase complex, which upon complex formation with FXa accelerates FXa-catalyzed prothrombin activation in the presence of calcium ions and a phospholipid membrane surface by several orders of magnitude (2, 7).Although FV can be activated by a number of proteases (8, 9), thrombin is the most potent physiological activator of FV. Activation of FV by thrombin is achieved through limited proteolysis at Arg 709 , Arg 1018 , and Arg 1545 , of which the cleavage after Arg 1545 is required for full expression of FVa activity (10). Thrombin-catalyzed activation of FV follows a kinetically preferred order of bond cleavage, in which cleavage at Arg 709 occurs first, followed closely by cleavage at Arg 1018 and slow cleavage at Arg 1545 , which results in formation of the FVa light chain (11,12).A characteristic feature of thrombin are two distinct electropositive surface regions, termed exosite I and exosite II, that contribute to the specificity of thrombin by mediating the recognition of its substrates, inhibitors and receptors (13,14). Although both exosites have been implicated in FV activation (15-18), their role in the recognition of the individual thrombin cleavage sites is still unclear. In this study, we have used FV cleavage site mutants in combination with specific thrombin exosite I and II inhibitors to elucidate the importance of each exosite for the individual FV activation cleavages.Furthermore, we have used FV B-domain deletion mutants to probe the structural requirements for thrombin exosite interactions located in the B-domain and compared them with the structural requirements for FV activation by RVV-V and LVV-V, which are snake venom proteases that are known to activate FV by a single cleavage at Arg 1545 (19 -21