The effect of replacing the ␥-carboxyglutamic acid domain of activated protein C (APC) with that of prothrombin on the topography of the membrane-bound enzyme was examined using fluorescence resonance energy transfer. The average distance of closest approach (assuming 2 ؍ 2/3) between a fluorescein in the active site of the chimera and octadecylrhodamine at the membrane surface was 89 Å, compared with 94 Å for wildtype APC. The ␥-carboxyglutamic acid domain substitution therefore lowered and/or reoriented the active site, repositioning it close to the 84 Å observed for the APC⅐protein S complex. Protein S enhances wild-type APC cleavage of factor Va at Arg 306 , but the inactivation rate of factor Va Leiden by the chimera alone is essentially equal to that by wild-type APC plus protein S. These data suggest that the activities of the chimera and of the APC⅐protein S complex are equivalent because the active site of the chimeric protein is already positioned near the optimal location above the membrane surface to cleave Arg 306 . Thus, one mechanism by which protein S regulates APC activity is by relocating its active site to the proper position above the membrane surface to optimize factor Va cleavage.