CALIX, INC — Director's Dealing 2020

Feb 14, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CALIX, INC ((CALX))
CIK: 0001406666
Period of Report: 2020-02-13

Reporting Person: SINDELAR CORY (Chief Financial Officer)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-02-13	Stock Option (right to buy)	$8.03	A	72000	Acquired	2029-02-14	Common Stock (72000.0)	Direct

Footnotes

F1: On February 14, 2019, the reporting person was awarded a performance-based nonqualified stock option grant covering 240,000 shares of common stock. On February 13, 2020, the Compensation Committee of Calix, Inc. determined that the performance criteria governing 30% of the grant had been achieved, resulting in a nonqualified stock option award of 72,000 shares of common stock for the reporting person. The nonqualified stock option award shall vest: (i) as to 25% of the shares of common stock subject to the stock option award, on February 13, 2020; and (ii) as to the remaining 75% of the shares of common stock subject to the stock option award, quarterly in equal installments over 36 months from February 13, 2020.

F2: Amount of derivative securities beneficially owned includes 430,250 unvested nonqualified stock option awards.