SEC Form 4 · accession 0001209191-15-017978
Callaway Golf Co · CALY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Brian P. Lynch
Officer — SVP, G.C. & Corp Secretary
Period of report
Feb 23, 2015
Accepted (ET)
Feb 24, 2015 · 6:07 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000837465
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Feb 23, 2015 | M | 31,368 | $6.69 | A | 36,427 | D | |
| Common StockF1 | Feb 23, 2015 | D | 31,368 | $8.85 | D | 5,059 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Appreciation Rights (SARs)F2 | $6.69 | Feb 23, 2015 | M | 31,368 | D | — | Jan 27, 2017 | Common Stock | 31,368 | 0 | D |
Explanation of responses
- F1The Stock Appreciation Rights (SARs) were settled in cash as per the terms of the award. For reporting purposes, however, the transaction is deemed to be a simultaneous acquisition and disposition of the underlying common stock and is reflected as such in this report.
- F2These Stock Appreciation Rights (SARs) vested as follows: 1/3 of the SARs vested on January 27, 2013; 1/3 of the SARs vested on January 27, 2014; and 1/3 of SARs vested on January 27, 2015.