SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person* Saling Jeffrey (Last) (First) (Middle) C/O CALLIDUS SOFTWARE INC. 160 WEST SANTA CLARA STREET (Street) SAN JOSE CA 95113 (City) (State) (Zip)	2. Date of Event Requiring Statement (Month/Day/Year) 04/08/2008	3. Issuer Name and Ticker or Trading Symbol CALLIDUS SOFTWARE INC [ CALD ]
		4. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director 10% Owner X Officer (give title below) Other (specify below) Sr. Vice President, On-Demand	5. If Amendment, Date of Original Filed (Month/Day/Year)
			6. Individual or Joint/Group Filing (Check Applicable Line) X Form filed by One Reporting Person Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	21,338(1)	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option	09/16/2005(2)	09/30/2015	Common Stock	15,000	$3.7	D
Stock Option	10/01/2004(3)	10/18/2014	Common Stock	13,000	$3.8	D
Stock Option	09/30/2006(2)	08/31/2011	Common Stock	15,000	$4.69	D
Stock Option	02/29/2008(2)	01/31/2013	Common Stock	75,000	$4.93	D
Stock Option	06/30/2006(2)	05/31/2011	Common Stock	15,000	$5.17	D
Stock Option	08/31/2007(2)	07/31/2012	Common Stock	15,000	$9.8	D
Stock Option	01/26/2005(4)	01/30/2014	Common Stock	25,000	$15.36	D

Explanation of Responses:

1. 20,334 shares of the amount reported represent two restricted stock unit awards. The first for 10,000 shares dated 7-31-07 previously vested 1,166 shares. The remaining 8,334 shares vest 833 shares per quarter until fully vested. The second restricted stock unit award of 12,000 shares dated 1-31-08 will vest fully on the first anniversary of the award date.

2. This option vests and becomes exercisable in 48 equal monthly installments from the date of grant.

3. This option was originally for 15,000 shares. 2,000 shares previously vested and were exercised. Of the remaining 13,000 shares, 11,437 shares have vested and the remaining 1,563 shares will vest in increments of 313 shares per month until fully vested on 9/1/08.

4. The option has vested and is fully exercisable as of the date of this filing.

	By: Scott Baumgartner For: Jeffrey Saling	04/18/2008
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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