SEC Form 4 · accession 0001209191-16-117494
Callaway Golf Co · CALY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Alan Hocknell
Officer — SVP, Research & Development
Period of report
May 2, 2016
Accepted (ET)
May 4, 2016 · 6:04 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 | May 2, 2016 | M | 37,789 | $6.69 | A | 68,257 | D | |
| Common StockF1,F2 | May 2, 2016 | D | 37,789 | $9.57 | D | 30,468 | 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 | $6.69 | May 2, 2016 | M | 37,789 | D | — | Jan 27, 2017 | Common Stock | 37,789 | 0 | D |
Explanation of responses
- F1The reported transactions occurred pursuant to the terms of a trading plan agreement entered into on February 25, 2016. 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) 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.