CALIX, INC — Director's Dealing 2014

Sep 4, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CALIX, INC ((CALX))
CIK: 0001406666
Period of Report: 2014-09-02

Reporting Person: Russo Carl (Director, President & CEO, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-09-02	Common Stock	S	25000	$10.46	Disposed	3210924	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2239188	Indirect
Common Stock	284653	Indirect
Common Stock	275633	Indirect

Footnotes

F1: Sale reported on the Form 4 was effected pursuant to a previously established Rule 10b5-1 trading plan.

F2: The price reported in Column 4 is a weighted average sale price. These shares were sold in multiple transactions at prices ranging from $10.38 to $10.52, inclusive. Full information on the number of shares sold at each sale price is available upon request.

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

F4: 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.

F5: 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 interst therein.