SEC Form 4 · accession 0001231376-15-000014
CALLIDUS SOFTWARE INC · CALD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Leslie Stretch
Officer — President and CEO · Director
Period of report
May 15, 2015
Accepted (ET)
May 15, 2015 · 4:29 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001035748
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | May 15, 2015 | M | 35,000 | $4.15 | A | 620,864 | D | |
| Common StockF1,F2 | May 15, 2015 | S | 35,000 | $14.48 | D | 585,864 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-Qualified Stock Option (right to buy)F1,F3 | $4.15 | May 15, 2015 | M | 35,000 | D | Nov 14, 2006 | Nov 30, 2015 | Common Stock | 35,000 | 70,000 | D |
Explanation of responses
- F1Exercise of options and sale of shares were made in accordance with a 10b5-1 Plan previously executed.
- F2This is the weighted average sales price. Shares were sold in multiple transactions at prices ranging from $14.19 to $14.57. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this Form 4.
- F3The option vested and became exercisable as to 25% of the shares on November 14, 2006 and thereafter vested and became exercisable as to the remaining shares in equal monthly installments over the subsequent 36 months.