CALIX, INC — Director's Dealing 2011

Jan 6, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CALIX, INC (CALX)
CIK: 0001406666
Period of Report: 2011-01-03

Reporting Person: Weingarth Roger (EVP and COO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-01-03	Common Stock	M	20000	$0.49	Acquired	333051	Direct
2011-01-03	Common Stock	S	40000	$16.8947	Disposed	293051	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-01-03	Employee Stock Options (right to buy)	$0.49	M	20000	Disposed	2013-03-28	Common Stock (20000)	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 $16.5000 to $17.1800, 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.