CALIX, INC — Director's Dealing 2017

Feb 10, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CALIX, INC ((CALX))
CIK: 0001406666
Period of Report: 2017-02-07

Reporting Person: Atkins William J (Executive VP and CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-02-07	Common Stock	M	25000	—	Acquired	32758	Direct
2017-02-07	Common Stock	F	10440	$7	Disposed	22318	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-02-07	Restricted Stock Units	$0.0	M	25000	Disposed	2026-02-02	Common Stock (25000.0)	Direct

Footnotes

F1: Represents shares earned under the restricted stock unit ("RSU") award granted February 2, 2016 ("February 2016 Award"). Attainment of the performance metrics was determined and certified by the Compensation Committee of the Company's Board of Directors on February 7, 2017 in accordance with the metrics previously established by the Compensation Committee for the fiscal year ending December 31, 2016.

F2: Each restricted stock unit (RSU) represents a contingent right to receive one share of Calix common stock.

F3: Represents remaining RSU's from the February 2016 Award which are scheduled to vest in two equal subsequent annual installments of 25% per year so that the award shall fully vest in February 2019, subject to the Reporting Person's continued service.