SEC Form 4 · accession 0001231376-16-000066
CALLIDUS SOFTWARE INC · CALD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William B Binch
Director
Period of report
May 12, 2016
Accepted (ET)
May 16, 2016 · 6:17 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 | May 12, 2016 | M | 15,000 | $5.70 | A | 114,082 | D | |
| Common StockF1 | May 12, 2016 | S | 15,000 | $17.2539 | D | 99,082 | D | |
| Common Stock | holding | — | — | — | 3,000 | I | by Family Trust |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionF2 | $5.70 | May 12, 2016 | M | 15,000 | D | Jun 1, 2011 | Jun 1, 2016 | Common Stock | 15,000 | 0 | D |
Explanation of responses
- F1This is the weighted average sales price. Shares were sold in multiple transactions at prices ranging from $17.18 to $17.37. 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.
- F2Option is immediately vested and exercisable.