SEC Form 4 · accession 0001231376-15-000044
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
Aug 14, 2015
Accepted (ET)
Aug 18, 2015 · 4:20 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 Stock | Aug 14, 2015 | J | 1,307 | $9.3245 | A | 347,400 | D | |
| Common StockF2 | Aug 14, 2015 | M | 35,000 | $4.15 | A | 382,400 | D | |
| Common StockF2,F3 | Aug 14, 2015 | S | 35,000 | $16.498 | D | 347,400 | 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)F2,F4 | $4.15 | Aug 14, 2015 | M | 35,000 | D | Nov 14, 2006 | Nov 30, 2015 | Common Stock | 35,000 | 35,000 | D |
Explanation of responses
- F1Securities acquired in exempt purchase under the Issuer's Section 423 Employee Stock Purchase Plan.
- F2Exercise of options and sale of shares were made in accordance with a 10b5-1 Plan previously executed.
- F3This is the weighted average sales price. Shares were sold in multiple transactions at prices ranging from $16.26 to $16.74. 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.
- F4The 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.