CALIX, INC — Director's Dealing 2012

Dec 26, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CALIX, INC (calx)
CIK: 0001406666
Period of Report: 2012-12-23

Reporting Person: CALIX, INC (Director, President and CEO, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-12-12	Common Stock	G	210895	—	Disposed	3611425	Direct
2012-12-23	Common Stock	F	117136	$7.37	Disposed	3494289	Direct
2012-12-12	Common Stock	G	210895	—	Acquired	284653	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2239188	Indirect
Common Stock	275633	Indirect

Footnotes

F1: Includes 560,000 restricted stock units.

F2: Includes 280,000 restricted stock units.

F3: Shares held by The Crescentico Trust, Carl Russo, Trustee.

F4: Shares held by Equanimous Investments. The managing members of Equanimous Investments are Carl Russo and Tim Pasquinelli. These individuals may be deemed to have shared voting and investment power over the shares held by Equanimous Investments. Each of these individuals disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein.

F5: Shares held by Calgrat Partners, L.P.. The managing partner of Calgrat Partners, L.P. is Tim Pasquinelli. Carl Russo and Tim Pasquinelli may be deemed to have shared voting and investment power over the shares held by Calgrat Partners, L.P. Each of these individuals disclaims beneficial ownership of such shares, except to the extent of his pecuniary interest therein.