CALIX, INC — Director's Dealing 2011

Mar 9, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CALIX, INC (CALX)
CIK: 0001406666
Period of Report: 2011-03-07

Reporting Person: Ashby Michael (Director, Executive VP and CFO)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-03-07	Stock Option (right to buy)	$20.41	A	200000	Acquired	2021-03-07	Common Stock (200000)	Direct

Footnotes

F1: 25% of the shares subject to the option will vest and become exercisable one (1) year after March 7, 2011 (the "Vesting Commencement Date"), and 1/48th of the total number of shares will vest and become exercisable in thirty-six (36) successive and equal monthly installments thereafter, such that 100% of the shares subject to the option will be fully vested and exercisable on the fourth anniversary of the Vesting Commencement Date.