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CALIX, INC Director's Dealing 2011

Jul 22, 2011

31174_dirs_2011-07-21_ee60329f-58fa-494e-9694-f9d26b1b5670.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CALIX, INC (calx)
CIK: 0001406666
Period of Report: 2011-07-19

Reporting Person: FLYNN MICHAEL T (Director)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2011-07-19 Common Stock A 3399 Acquired 35663 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2011-07-19 Stock Option (right to buy) $21.67 A 7500 Acquired 2021-07-19 Common Stock (7500) Direct

Footnotes

F1: Restricted stock units ("RSUs"). The Reporting Person is entitled to receive one (1) share of Common Stock for each one (1) RSU upon vesting. 100% of the RSUs shall vest on the first anniversary following July 19, 2011.

F2: Includes 3,399 restricted stock units.

F3: 1/12th of the shares subject to the option will vest and become exercisable in twelve (12) successive and equal monthly installments after July 19, 2011 (the "Vesting Commencement Date"), such that 100% of the shares subject to the option will be fully vested and exercisable on the first anniversary of the Vesting Commencement Date.