SEC Form 4 · accession 0001231376-15-000049
CALLIDUS SOFTWARE INC · CALD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michele Vion Choka
Director
Period of report
Nov 13, 2015
Accepted (ET)
Nov 16, 2015 · 4:58 pm EST
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 | Nov 13, 2015 | M | 10,000 | $6.25 | A | 61,200 | D | |
| Common StockF1,F2 | Nov 13, 2015 | S | 10,000 | $19.7225 | D | 51,200 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionF1,F3 | $6.25 | Nov 13, 2015 | M | 10,000 | D | Jun 5, 2013 | Jun 5, 2023 | Common Stock | 10,000 | 0 | 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 $19.48 to $19.96. 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.
- F3Option is immediately vested and exercisable.