SEC Form 4 · accession 0001406666-19-000019
CALIX, INC · CALX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Cory Sindelar
Officer — Chief Financial Officer
Period of report
Feb 14, 2019
Accepted (ET)
Feb 19, 2019 · 9:14 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001406666
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (right to buy)F2,F1 | $5.95 | Feb 14, 2019 | A | 108,000 | A | — | Dec 29, 2027 | Common Stock | 108,000 | 408,000 | D |
Explanation of responses
- F1On December 29, 2017, the reporting person was awarded a performance-based nonqualified stock option grant covering 108,000 shares of common stock. On February 14, 2019, the Compensation Committee of Calix, Inc. determined that the performance criteria had been achieved. Each nonqualified stock option award shall vest: (i) as to 50% of the shares of common stock subject to the stock option award, on January 1, 2019; and (ii) as to the remaining 50% of the shares of common stock subject to the stock option award, quarterly in equal installments over 24 months from January 1, 2019.
- F2Number of derivative securities beneficially owned includes 260,250 unvested nonqualified stock option awards.