SEC Form 4 · accession 0001483786-16-000004
CALIX, INC · CALX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Andy Glen Lockhart
Officer — SVP, International Sales
Period of report
Feb 2, 2016
Accepted (ET)
Feb 4, 2016 · 7:48 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F2 | $0.00 | Feb 2, 2016 | A | 50,000 | A | — | Feb 2, 2026 | Common Stock | 50,000 | 50,000 | D |
Explanation of responses
- F1Each restricted stock unit (RSU) represents a contingent right to receive one share of Calix common stock.
- F2The grant is subject to achievement of certain performance criteria related to fiscal year 2016. Upon achievement of such criteria the award will vest as to 50% in February 2017, and in two equal subsequent annual installments of 25% per year so that the award may be fully vested in February 2019. The number of restricted stock units reported is the targeted amount to be achieved.