Sec Form 4 Filing - FIOR RONALD J @ CALLIDUS SOFTWARE INC - 2013-05-13

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
FIOR RONALD J
2. Issuer Name and Ticker or Trading Symbol
CALLIDUS SOFTWARE INC [ CALD]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
SVP, Finance & Ops;CFO
(Last) (First) (Middle)
6200 STONERIDGE MALL ROAD, SUITE 500
3. Date of Earliest Transaction (MM/DD/YY)
05/13/2013
(Street)
PLEASANTON, CA94588
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 05/13/2013 M( 1 ) 11,542 A $ 4.17 220,055 D
Common Stock 05/13/2013 S( 1 ) 11,542 D $ 5.5 208,513 D
Common Stock 05/13/2013 M( 1 ) 19,024 A $ 4.17 227,537 D
Common Stock 05/13/2013 S( 1 ) 19,024 D $ 5.5 208,513 D
Common Stock 05/13/2013 M( 1 ) 15,910 A $ 4.17 224,423 D
Common Stock 05/13/2013 S( 1 ) 15,910 D $ 5.51 208,513 D
Common Stock 05/13/2013 M( 1 ) 1,600 A $ 4.17 210,113 D
Common Stock 05/13/2013 S( 1 ) 1,600 D $ 5.52 208,513 D
Common Stock 05/13/2013 M( 1 ) 2,424 A $ 4.17 210,937 D
Common Stock 05/13/2013 S( 1 ) 2,424 D $ 5.53 208,513 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Incentive Stock Option (right to buy) $ 4.17 05/13/2013 M( 1 ) 11,542 08/26/2003( 2 ) 08/26/2013 Common Stock 11,542 $ 4.17 38,958 D
Non-Qualified Stock Option (right to buy) $ 4.17 05/13/2013 M( 1 ) 19,024 08/26/2003( 2 ) 08/26/2013 Common Stock 19,024 $ 4.17 19,934 D
Non-Qualified Stock Option (right to buy) $ 4.17 05/13/2013 M( 1 ) 15,910 08/26/2003( 2 ) 08/26/2013 Common Stock 15,910 $ 4.17 4,024 D
Non-Qualified Stock Option (right to buy) $ 4.17 05/13/2013 M( 1 ) 1,600 08/26/2003( 2 ) 08/26/2013 Common Stock 1,600 $ 4.17 2,424 D
Non-Qualified Stock Option (right to buy) $ 4.17 05/13/2013 M( 1 ) 2,424 08/26/2003( 2 ) 08/26/2013 Common Stock 2,424 $ 4.17 0 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
FIOR RONALD J
6200 STONERIDGE MALL ROAD
SUITE 500
PLEASANTON, CA94588
SVP, Finance & Ops;CFO
Signatures
By: Michelle Novotny For: Ronald J Fior 05/15/2013
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Exercise of options and sale of exercised shares were made in accordance with a 10b5-1 Plan previously executed.
( 2 )This option vests and becomes exercisable in 48 equal monthly installments commencing 8/26/2003.

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