CALIX, INC — Director's Dealing 2010

Nov 30, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CALIX, INC (CALX)
CIK: 0001406666
Period of Report: 2010-11-26

Reporting Person: Weingarth Roger (EVP and COO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-11-26	Common Stock	M	13700	$0.49	Acquired	313668	Direct
2010-11-26	Common Stock	S	13700	$12.7261	Disposed	299968	Direct
2010-11-29	Common Stock	M	6300	$0.49	Acquired	306268	Direct
2010-11-29	Common Stock	S	6300	$12.6151	Disposed	299968	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-11-26	Employee Stock Options (right to buy)	$0.49	M	13700	Disposed	2013-03-27	Common Stock (13700)	Direct
2010-11-29	Employee Stock Options (right to buy)	$0.49	M	6300	Disposed	2013-03-27	Common Stock (6300)	Direct

Footnotes

F1: Includes 170,332 restricted stock units.

F2: The sale reported in the Form 4 was effected pursuant to a Rule 10b5-1 trading plan.

F3: The price reported in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $12.5600 to $12.9200, inclusive. Full information on the number of shares sold at each sale price is available upon request.

F4: 100% of the shares subject to the option are fully vested and exercisable.

F5: The price reported in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $12.4500 to $12.8100, inclusive. Full information on the number of shares sold at each sale price is available upon request.