SEC Form 4 · accession 0001209191-15-028911
Callaway Golf Co · CALY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mark F Leposky
Officer — Sr. VP of Global Operations
Period of report
Mar 23, 2015
Accepted (ET)
Mar 24, 2015 · 5:32 pm EDT
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 23, 2015 | M | 36,596 | $6.93 | A | 68,287 | D | |
| Common StockF1,F2 | Mar 23, 2015 | D | 36,596 | $9.55 | D | 31,691 | 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)F3 | $6.93 | Mar 23, 2015 | M | 36,596 | D | — | Apr 25, 2017 | Common Stock | 36,596 | 36,596 | D |
Explanation of responses
- F1The reported transactions occurred pursuant to the terms of a trading plan agreement entered into on February 27, 2015. The trading plan agreement is intended to comply with Rule 10b5-1(c) under the Securities Exchange Act of 1934.
- F2The 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.
- F3These Stock Appreciation Rights (SARs) vest as follows: 1/3 of the SARs vested on April 25, 2013; 1/3 of the SARs vested on April 25, 2014; and 1/3 of SARs vest on April 25, 2015.