CALIX, INC — Director's Dealing 2016

Feb 13, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CALIX, INC ((CALX))
CIK: 0001406666
Period of Report: 2016-02-10

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-02-10	Common Stock	F	9856	$6.16	Disposed	3242046	Direct

Holdings (Non-Derivative)

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

Footnotes

F1: Represents shares surrendered to the Issuer to satisfy certain tax withholding obligations associated with the vesting of performance-based stock units.

F2: Shares held by The Crescentico Trust, Carl Russo, Trustee.

F3: 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.

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 interst therein.