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CALIX, INC Director's Dealing 2010

Mar 23, 2010

31174_dirs_2010-03-23_85fcc5fb-a1d0-43d7-9752-d632971ca43a.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: FINZI ROBERT (Director)

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 2521 Indirect
Common Stock 25 Indirect
Common Stock 325 Indirect
Common Stock 3 Indirect

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Series H Preferred Stock $0.00 Common Stock (9868) Indirect
Series H Preferred Stock $0.00 Common Stock (32841) Indirect
Series H Preferred Stock $0.00 Common Stock (822869) Indirect
Series H Preferred Stock $0.00 Common Stock (3251) Indirect
Series H Preferred Stock $0.00 Common Stock (5014) Indirect
Series J Preferred Stock $0.00 Common Stock (1912) Indirect
Series J Preferred Stock $0.00 Common Stock (6362) Indirect
Series J Preferred Stock $0.00 Common Stock (159424) Indirect
Series J Preferred Stock $0.00 Common Stock (630) Indirect
Series J Preferred Stock $0.00 Common Stock (972) Indirect

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: Shares held by DLJ Capital Corporation.

F3: Shares held by DLJ ESC II, L.P.

F4: Shares held by Sprout Capital IX, L.P.

F5: Shares held by Sprout Entrepreneur's Fund L.P.

F6: The shares are immediately convertible.

F7: The shares do not have an expiration date.

F8: Each share of Series H Preferred Stock will automatically convert on a 1.153-for-1 basis into Common Stock upon the closing of the Issuer's initial public offering.

F9: Shares held by Sprout IX Plan Investors, L.P.

F10: 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.

F11: The members of the investment committee representing Sprout Capital IX, L.P., DLJ ESC II, L.P., DLJ Capital Corporation, Sprout IX Plan Investors, L.P. and Sprout Entrepreneurs Fund L.P. (collectively, the "Sprout Funds") have voting and dispositive power over the shares held by the Sprout Funds. The investment committee consists of Robert Finzi, Janet Hickey, Kathleen LaPorte, Philippe Chambon and Nicole Arnaboldi. Each of Ms. Arnaboldi, Ms. Hickey, Ms. LaPorte and Messrs. Finzi and Chambon disclaim beneficial ownership of the shares held by the Sprout Funds, except to the extent of her or his pecuniary interest therein. (Continued to Footnote 12).

F12: DLJ Capital Corporation is the managing general partner of Sprout Capital IX, L.P. and the general partner of Sprout Entrepreneurs Fund, L.P. DLJ LBO Plans Management Corporation is the general partner of DLJ ESC II, L.P. DLJ LBO Plans Management Corporation II is the general partner of Sprout IX Plan Investors, L.P. DLJ LBO Plans Management Corporation, DLJ LBO Plans Management Corporation II and DLJ Capital Corporation are each wholly owned subsidiaries of Credit Suisse (USA) Inc., or CS-USA.

F13: Credit Suisse, a Swiss bank, owns the majority of the voting stock of Credit Suisse Holdings (USA), Inc., which in turn owns all of the voting stock of CS-USA. The entities discussed above are private equity funds managed by indirect subsidiaries of CS-USA and form part of Credit Suisse's asset management business. The ultimate parent company of Credit Suisse is Credit Suisse Group AG, or CSG. CSG disclaims beneficial ownership of the reported Shares that are beneficially owned by its direct and indirect subsidiaries.