Amendment # 6

 

 

Securities and Exchange Commission

Washington, D.C. 20549

 

 

Schedule 13G

(Rule 13d-102)

Information to be Included in Statements Filed Pursuant

to § 240.13d-1(b), (c) and (d) and Amendments Thereto Filed

Pursuant to § 240.13d-2

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 6)*

 

 

Calix, Inc.

(Name of Issuer)

Common Stock, $0.025 par value

(Title of Class of Securities)

13100M509

(CUSIP Number)

December 31, 2016

(Date of Event Which Requires Filing of this Statement)

 

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

☐ Rule 13d-1(b)

☐ Rule 13d-1(c)

☒ Rule 13d-1(d)

 

* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 

 


CUSIP No. 13100M509    Schedule 13G    Page 1 of 10 Pages

 

  1     

Names of Reporting Persons

 

Carl Russo

  2  

Check the Appropriate Box if a Member of a Group

(a)  ☐        (b)  ☐

 

  3  

SEC Use Only

 

  4  

Citizen or Place of Organization

 

United States of America

Number of

Shares

Beneficially 

Owned by

Each

Reporting

Person

With

     

Sole Voting Power

 

5,960,053

   6     

Shared Voting Power

 

560,286

   7   

Sole Dispositive Power

 

5,960,053

   8   

Shared Dispositive Power

 

560,286

  9  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

6,520,339

10    

Check if the Aggregate Amount in Row (9) Excludes Certain Shares

 

Not Applicable

11  

Percent of Class Represented by Amount in Row 9

 

13.3%

12  

Type of Reporting Person

 

IN


CUSIP No. 13100M509    Schedule 13G    Page 2 of 10 Pages

 

  1     

Names of Reporting Persons

 

The Crescentico Trust

  2  

Check the Appropriate Box if a Member of a Group

(a)  ☐        (b)  ☐

 

  3  

SEC Use Only

 

  4  

Citizen or Place of Organization

 

California

Number of

Shares

Beneficially 

Owned by

Each

Reporting

Person

With

     

Sole Voting Power

 

2,239,188

   6     

Shared Voting Power

 

0

   7   

Sole Dispositive Power

 

2,239,188

   8   

Shared Dispositive Power

 

0

  9  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

2,239,188

10    

Check if the Aggregate Amount in Row (9) Excludes Certain Shares

 

Not Applicable

11  

Percent of Class Represented by Amount in Row 9

 

4.6%

12  

Type of Reporting Person

 

OO


CUSIP No. 13100M509    Schedule 13G    Page 3 of 10 Pages

 

  1     

Names of Reporting Persons

 

Equanimous Investments

  2  

Check the Appropriate Box if a Member of a Group

(a)  ☐        (b)  ☐

 

  3  

SEC Use Only

 

  4  

Citizen or Place of Organization

 

California

Number of

Shares

Beneficially 

Owned by

Each

Reporting

Person

With

     

Sole Voting Power

 

0

   6     

Shared Voting Power

 

275,633

   7   

Sole Dispositive Power

 

0

   8   

Shared Dispositive Power

 

275,633

  9  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

275,633

10    

Check if the Aggregate Amount in Row (9) Excludes Certain Shares

 

Not Applicable

11  

Percent of Class Represented by Amount in Row 9

 

0.6%

12  

Type of Reporting Person

 

OO


CUSIP No. 13100M509    Schedule 13G    Page 4 of 10 Pages

 

  1     

Names of Reporting Persons

 

Calgrat Partners, L.P.

  2  

Check the Appropriate Box if a Member of a Group

(a)  ☐        (b)  ☐

 

  3  

SEC Use Only

 

  4  

Citizen or Place of Organization

 

California

Number of

Shares

Beneficially 

Owned by

Each

Reporting

Person

With

     

Sole Voting Power

 

0

   6     

Shared Voting Power

 

284,653

   7   

Sole Dispositive Power

 

0

   8   

Shared Dispositive Power

 

284,653

  9  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

284,653

10    

Check if the Aggregate Amount in Row (9) Excludes Certain Shares

 

Not Applicable

11  

Percent of Class Represented by Amount in Row 9

 

0.6%

12  

Type of Reporting Person

 

PN


CUSIP No. 13100M509    Schedule 13G    Page 5 of 10 Pages

 

  1     

Names of Reporting Persons

 

Tim Pasquinelli

  2  

Check the Appropriate Box if a Member of a Group

(a)  ☐        (b)  ☐

 

  3  

SEC Use Only

 

  4  

Citizen or Place of Organization

 

United States of America

Number of

Shares

Beneficially 

Owned by

Each

Reporting

Person

With

     

Sole Voting Power

 

0

   6     

Shared Voting Power

 

560,286

   7   

Sole Dispositive Power

 

0

   8   

Shared Dispositive Power

 

560,286

  9  

Aggregate Amount Beneficially Owned by Each Reporting Person

 

560,286

10    

Check if the Aggregate Amount in Row (9) Excludes Certain Shares

 

Not Applicable

11  

Percent of Class Represented by Amount in Row 9

 

1.1%

12  

Type of Reporting Person

 

IN


CUSIP No. 13100M509    Schedule 13G    Page 6 of 10 Pages

 

ITEM 1. (a)    Name of Issuer:

Calix, Inc. (the “Issuer”)

 

  (b) Address of Issuer’s Principal Executive Offices:

1035 N. McDowell Boulevard,

Petaluma, California, 94954

 

ITEM 2. (a)    Name of Person Filing:

Each of the following is hereinafter individually referred to as a “Reporting Person” and collectively as the “Reporting Persons.” This statement is filed on behalf of:

 

  (i) Carl Russo

 

  (ii) The Crescentico Trust

 

  (iii) Equanimous Investments

 

  (iv) Calgrat Partners, L.P.

 

  (v) Tim Pasquinelli

 

  (b) Address of Principal Business Office:

The address for each of the Reporting Persons is 1960 The Alameda, Suite 150, San Jose, California 95126.

 

  (c) Citizenship of each Reporting Person is:

Mr. Russo and Mr. Pasquinelli are citizens of the United States of America. Each of the other Reporting Persons is organized in the state of California.

 

  (d) Title of Class of Securities:

Common Stock, $0.025 par value (“Common Stock”)

 

  (e) CUSIP Number:

13100M509

 

ITEM 3.

Not applicable.


CUSIP No. 13100M509    Schedule 13G    Page 7 of 10 Pages

 

ITEM 4. Ownership.

 

  (a-c)

The ownership information presented below represents beneficial ownership of shares of Common Stock as of December 31, 2016, based upon 48,789,247 shares of Common Stock outstanding as of October 24, 2016, as set forth in the Quarterly Report on Form 10-Q filed November 2, 2016.

 

Reporting Person   

Amount

beneficially

owned

    

Percent

of class:

    Sole
power
to vote or
to direct
the vote:
     Shared
power to
vote or to
direct the
vote:
    

Sole
power to
dispose or
to direct
the
disposition

of:

    

Shared

power to

dispose or

to direct

the

disposition

of:

 

Carl Russo

     6,520,339        13.3     5,960,053        560,286        5,960,053        560,286  

The Crescentico Trust

     2,239,188        4.6     2,239,188        0        2,239,188        0  

Equanimous Investments

     275,633        0.6     0        275,633        0        275,633  

Calgrat Partners, L.P.

     284,653        0.6     0        284,653        0        284,653  

Tim Pasquinelli

     560,286        1.1     0        560,286        0        560,286  

The ownership information reported above includes (i) 3,328,365 shares held directly by Mr. Russo, (ii) 392,500 shares which may be acquired by Mr. Russo within 60 days of December 31, 2016 upon exercise of stock options, (iii) 2,239,188 shares held by the Crescentico Trust, (iv) 275,633 shares held by Equanimous Investments, and (v) 284,653 shares held by Calgrat Partners, L.P.

Mr. Russo is the trustee of the Crescentico Trust. Mr. Russo and Mr. Pasquinelli are the managing members of Equanimous Investments. Mr. Pasquinelli is the managing partner of Calgrat Partners, L.P. As such, Mr. Russo and Mr. Pasquinelli may be deemed to share beneficial ownership of the shares of Common Stock held by Equanimous Investments and Calgrat Partners, L.P. Mr. Russo and Mr. Pasquinelli each disclaim beneficial ownership of such shares, except to the extent of his pecuniary interest therein.

 

ITEM 5. Ownership of Five Percent or Less of a Class.

Not applicable.

 

ITEM 6. Ownership of More than Five Percent on Behalf of Another Person.

Not applicable.

 

ITEM 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company.

Not applicable.

 

ITEM 8. Identification and Classification of Members of the Group.

Not applicable.


CUSIP No. 13100M509    Schedule 13G    Page 8 of 10 Pages

 

ITEM 9. Notice of Dissolution of Group.

Not applicable.

 

ITEM 10. Certification.

Not applicable


CUSIP No. 13100M509    Schedule 13G    Page 9 of 10 Pages

 

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Date: February 14, 2018

 

CARL RUSSO
/s/ Carl Russo
Carl Russo
The Crescentico Trust
By:   /s/ Carl Russo
Name:   Carl Russo
Title:   Trustee
EQUANIMOUS INVESTMENTS
By:   /s/ Tim Pasquinelli
Name:   Tim Pasquinelli
Title:   a Managing Member
CALGRAT PARTNERS, L.P.
By:   /s/ Tim Pasquinelli
Name:   Tim Pasquinelli
Title:   Managing Partner
TIM PASQUINELLI
/s/ Tim Pasquinelli
Tim Pasquinelli


CUSIP No. 13100M509    Schedule 13G    Page 10 of 10 Pages

 

LIST OF EXHIBITS

 

Exhibit No.

  

Description

A    Joint Filing Agreement (incorporated by reference to Exhibit A to the Schedule 13G/A (Amendment No. 2) filed by the Reporting Persons on February 14, 2018).