SEC Form 4 · accession 0001406666-17-000004
CALIX, INC · CALX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William J Atkins
Officer — Executive VP and CFO
Period of report
Feb 7, 2017
Accepted (ET)
Feb 9, 2017 · 7:39 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001406666
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Feb 7, 2017 | M | 25,000 | $0.00 | A | 32,758 | D | |
| Common Stock | Feb 7, 2017 | F | 10,440 | $7.00 | D | 22,318 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF2,F3 | $0.00 | Feb 7, 2017 | M | 25,000 | D | — | Feb 2, 2026 | Common Stock | 25,000 | 25,000 | D |
Explanation of responses
- F1Represents shares earned under the restricted stock unit ("RSU") award granted February 2, 2016 ("February 2016 Award"). Attainment of the performance metrics was determined and certified by the Compensation Committee of the Company's Board of Directors on February 7, 2017 in accordance with the metrics previously established by the Compensation Committee for the fiscal year ending December 31, 2016.
- F2Each restricted stock unit (RSU) represents a contingent right to receive one share of Calix common stock.
- F3Represents remaining RSU's from the February 2016 Award which are scheduled to vest in two equal subsequent annual installments of 25% per year so that the award shall fully vest in February 2019, subject to the Reporting Person's continued service.