SEC Form 4 · accession 0001231376-16-000085
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 9, 2016
Accepted (ET)
Aug 11, 2016 · 6:22 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 9, 2016 | M | 37,500 | $7.69 | A | 511,670 | D | |
| Common StockF1 | Aug 9, 2016 | S | 37,500 | $19.21 | D | 474,170 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionF2 | $7.69 | Aug 9, 2016 | M | 37,500 | D | Sep 30, 2013 | Aug 30, 2023 | Common Stock | 37,500 | 62,500 | D |
Explanation of responses
- F1This is the weighted average sales price. Shares were sold in multiple transactions at prices ranging from $19.20 to $19.24. 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.
- F2The stock option vests in equal monthly installments over a period of four years from the grant date.