SEC Form 4 · accession 0001209191-15-023769
Callaway Golf Co · CALY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Oliver G Brewer III
Officer — President and CEO · Director
Period of report
Mar 5, 2015
Accepted (ET)
Mar 6, 2015 · 7:25 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,F2 | Mar 5, 2015 | M | 304,726 | $0.00 | A | 324,726 | D | |
| Common StockF3 | Mar 5, 2015 | F | 159,005 | $8.82 | D | 165,721 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F5,F4 | $0.00 | Mar 5, 2015 | M | 304,726 | D | Mar 5, 2015 | Mar 5, 2015 | Common Stock | 304,726 | 0 | D |
Explanation of responses
- F1Reflects the vesting of a prior restricted stock unit grant, which was previously reported on a Form 4 and additional restricted stock units accrued as a result of dividend equivalent rights paid by the Company pursuant to the terms of the grant.
- F2Reflects a deduction for cash paid in lieu of fractional shares upon the settlement of the restricted stock units in shares of common stock.
- F3These shares represent the number of shares of common stock withheld by the Company to satisfy tax withholding requirements in connection with the vesting of the restricted stock units.
- F4Each restricted stock unit represents a contingent right to receive one share of common stock.
- F5The reporting person is the holder of other Restricted Stock Units as follows: 104,134.72 restricted stock units are scheduled to vest on February 1, 2016; 113,071.28 restricted stock units are scheduled to vest on January 31, 2017 and 135,294 restricted stock units are scheduled to vest as follows: 1/3 of the restricted stock units vest on February 2, 2016; 1/3 of the restricted stock units vest on February 2, 2017; and 1/3 of the restricted stock units vest on February 2, 2018.