Activation of factor XI (FXI) by thrombin on stimulated platelets plays a physiological role in hemostasis, providing additional thrombin generation required in cases of severe hemostatic challenge. Using a collection of 53 thrombin mutants, we identified 16 mutants with <50% of the wild-type thrombin FXI-activating activity in the presence of dextran sulfate. These mutants mapped to anion-binding exosite (ABE) I, ABE-II, the Na ؉ -binding site, and the 50-insertion loop. Only the ABE-II mutants showed reduced binding to dextran sulfate-linked agarose. Selected thrombin mutants in ABE-I (R68A, R70A, and R73A), ABE-II (R98A, R245A, and K248A), the 50-insertion loop (W50A), and the Na ؉ -binding site (E229A and R233A) with <10% of the wildtype activity also showed a markedly reduced ability to activate FXI in the presence of stimulated platelets. The ABE-I, 50-insertion loop, and Na ؉ -binding site mutants had impaired binding to FXI, but normal binding to glycocalicin, the soluble form of glycoprotein Ib␣ (GPIb␣). In contrast, the ABE-II mutants were defective in binding to glycocalicin, but displayed normal binding to FXI. Our data support a quaternary complex model of thrombin activation of FXI on stimulated platelets. Thrombin bound to one GPIb␣ molecule, via ABE-II on its posterior surface, is properly oriented for its activation of FXI bound to a neighboring GPI␣ molecule, via ABE-I on its anterior surface. GPIb␣ plays a critical role in the co-localization of thrombin and FXI and the resultant efficient activation of FXI.