Michael Weening - Feb 9, 2023 Form 4 Insider Report for CALIX, INC (CALX)

Signature
/s/ Tom Gemetti as Attorney-in-Fact for Michael Weening
Stock symbol
CALX
Transactions as of
Feb 9, 2023
Transactions value $
$0
Form type
4
Date filed
2/10/2023, 05:59 PM
Previous filing
Nov 28, 2022
Next filing
Feb 16, 2023

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction CALX Common Stock Award $0 +100K $0.00 100K Feb 9, 2023 Common Stock 100K $55.96 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On February 10, 2022, the reporting person was awarded a performance-based nonqualified stock option grant covering 100,000 shares of common stock. On February 9, 2023, the Compensation Committee of Calix, Inc. determined that the performance criteria governing 100% of the grant had been achieved, resulting in a nonqualified stock option award of 100,000 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 10, 2023; 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 10, 2023.