SVP of Callidus Software just cashed-in 10,000 options

Jimmy C. Duan, SVP of Callidus Software, recently cashed-in 10,000 options. The options were exercised at $2.62, while the sales took place at $13.80 per share, on January 13, 2014. Duan continues to hold 254,425 shares of the company. Duan operates out of Pleasanton, CA. Some additional info was provided as follows:

Exercise of options and sale of exercised shares were made in accordance with a 10b5-1 Plan previously executed. Stock options would have expired January 30, 2014. This is the weighted average sales price. Shares were sold in multiple transactions at prices ranging from $13.65 to $13.95. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this Form 4. Options vested over a period of four years in equal monthly installments commencing on January 30, 2009.

The above information was disclosed in a filing to the SEC. To see this filing in its entirety, click here.

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