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CALIX, INC — Director's Dealing 2010
Mar 23, 2010
31174_dirs_2010-03-23_a83f0e65-4839-4e2d-936a-e2308489c33c.zip
Director's Dealing
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SEC Form 3 — Initial Statement of Beneficial Ownership
Issuer: CALIX, INC (CALX)
CIK: 0001406666
Period of Report: 2010-03-23
Reporting Person: LISTWIN DONALD J (Director)
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 25598 | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Series I Preferred Stock | $0.00 | Common Stock (68182) | Direct | ||
| Series J Preferred Stock | $0.00 | Common Stock (253616) | Direct | ||
| Stock Option (right to buy) | $9.54 | 2020-01-25 | Common Stock (5000) | Direct |
Footnotes
F1: Reflects a 2-for-3 reverse stock split of the Issuer's outstanding securities effected immediately prior to the effectiveness of the Issuer's S-1 Registration Statement.
F2: Consists of an aggregate of 25,598 restricted stock units ("RSUs"). The Reporting Person is entitled to receive one (1) share of Common Stock for each one (1) RSU upon vesting. 11,666 of the RSUs will vest on the first day that the Issuer's trading window opens for employees that is more than 180 days following the effective date of the Issuer's initial public offering (the "First Vesting Date"), and 11,666 of the RSUs will vest on the first day the trading window opens for employees that is more than 180 days after the First Vesting Date. The remaining 2,266 RSUs will vest on January 26, 2011.
F3: The shares are immediately convertible.
F4: The shares do not have an expiration date.
F5: Each share of Series I Preferred Stock will automatically convert on a 1.27-for-1 basis into Common Stock upon the closing of the Issuer's initial public offering. Includes 1,550 shares, as converted and adjusted to reflect a 2-for-3 reverse stock split, acquired by the Reporting Person on March 22, 2010 as a payment-in-kind dividend on shares of Series I Preferred Stock.
F6: Each share of Series J Preferred Stock will automatically convert on a 1-for-1 basis into Common Stock upon the closing of the Issuer's initial public offering.
F7: The shares subject to the option vest in twelve (12) successive and equal monthly installments measured from January 26, 2010, such that 100% of the shares subject to the option will be fully vested and exercisable on January 26, 2011.