Form 4 for CALX CALIX, INC

Accepted 2024-02-12 00:00:00 ET · period of report 2024-02-08 · accession 0001406666-24-000006 · SEC index · Original document

Summary rows

Aggregated the way they appear in lists: one row per insider, transaction code and security table.

X	Filed	Traded	Ticker	Insider	Title	Type	Price	Qty	Owned	ΔOwn	Value
D	2024-02-12	2023-08-14	CALX	Weening Michael	Pres, CEO, Dir	P - Purchase	$34.98	+341	14.7K	+2%	+$11.9K
D	2024-02-12	2024-02-08	CALX	Weening Michael	Pres, CEO, Dir	A - Grant	$0.00	+54.5K	54.5K	New	$0

Purchase Sale Sale after option exercise All abbreviations

#	Table	Security	Date	Code	A/D	Shares	Price	Owned after	Own	Exercise / expiry	Underlying	Footnotes
1	Common	Common Stock	2023-08-14	P	A	341	$34.98	14,685	D	—	—	(F1) The reporting person is voluntarily reporting the acquisition of shares of the issuer's common stock pursuant to the Calix, Inc. Amended and Restated Employee Stock Purchase Plan ("ESPP") for the ESPP purchase period of February 15, 2022 through August 14, 2023. This transaction is exempt under Rule 16b-3(c). (F2) In accordance with the ESPP, these shares were purchased based on 85% of the closing price of the issuer's common stock on August 14, 2023, the last trading day of the purchase period.
2	Derivative	Stock Option (right to buy)	2024-02-08	A	A	54,500	$0.00	54,500	D	$51.55 · 2024-02-08 to 2033-02-09	54,500 Common Stock	(F3) On February 9, 2023, the reporting person was awarded a performance-based nonqualified stock option grant covering 100,000 shares of common stock. On February 8, 2024, the Compensation Committee of Calix, Inc. determined that the performance criteria governing 54.5% of the grant had been achieved, resulting in a nonqualified stock option award of 54,500 shares of common stock for the reporting person. The nonqualified stock option award shall vest: (i) as to 25% of the shares of common stock subject to the stock option award, on February 8, 2024; and (ii) as to the remaining 75% of the shares of common stock subject to the stock option award, quarterly in equal installments over 36 months from February 8, 2024.