CALIX, INC — Director's Dealing 2019

Feb 20, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CALIX, INC ((CALX))
CIK: 0001406666
Period of Report: 2019-02-14

Reporting Person: SINDELAR CORY (Chief Financial Officer)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-02-14	Stock Option (right to buy)	$5.95	A	108000	Acquired	2027-12-29	Common Stock (108000.0)	Direct

Footnotes

F1: On December 29, 2017, the reporting person was awarded a performance-based nonqualified stock option grant covering 108,000 shares of common stock. On February 14, 2019, the Compensation Committee of Calix, Inc. determined that the performance criteria had been achieved. Each nonqualified stock option award shall vest: (i) as to 50% of the shares of common stock subject to the stock option award, on January 1, 2019; and (ii) as to the remaining 50% of the shares of common stock subject to the stock option award, quarterly in equal installments over 24 months from January 1, 2019.

F2: Number of derivative securities beneficially owned includes 260,250 unvested nonqualified stock option awards.