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CALLIDUS SOFTWARE INC FILES (8-K) Disclosing Other Events, Financial Statements and Exhibits

May 19, 2014



Item 8.01 Other Events.

On May 19, 2014, Callidus Software Inc. ("Callidus") issued a press release announcing that it will exercise its right to redeem all of its outstanding 4.75% Convertible Senior Notes due 2016 ("Notes") on June 18, 2014. As of May 19, 2014, $14.2 million aggregate principal amount of the Notes were outstanding, which holders may elect to convert into an aggregate of approximately 1.8 million shares of Callidus common stock prior to the redemption date under the original terms of the Notes.

The Notes were originally issued in 2011 pursuant to an indenture between us and Wells Fargo Bank, N.A., as trustee. The optional redemption feature allows Callidus, any time on or after June 6, 2014, to redeem all or part of the Notes for cash if the last reported sale price per share of common stock has been at least 130% of the conversion price then in effect for at least 20 trading days during any 30 consecutive trading-day period ending within five trading days prior to the date on which Callidus provides notice of redemption. The redemption price will be 100% of the principal amount of the notes being redeemed, plus accrued and unpaid interest.

Additional information relating to the procedure for redemption of the Notes may be obtained from Wells Fargo Bank, N.A. by calling toll free 1-877-593-2468.

The press release is furnished herewith as Exhibit No. 99.1.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits Exhibit Number Description of Document 99.1 Press Release of Callidus Software Inc., dated May 19, 2014. 2



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Source: Edgar Glimpses