SEC Form 4 · accession 0001209191-17-007265
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
Jan 31, 2017
Accepted (ET)
Feb 2, 2017 · 6:15 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 | Jan 13, 2017 | M | 19,000 | $0.00 | A | 49,494 | D | |
| Common StockF3 | Jan 31, 2017 | F | 7,608 | $11.33 | D | 41,886 | D | |
| Common StockF4,F2 | Jan 31, 2017 | M | 30,135 | $0.00 | A | 72,021 | D | |
| Common StockF3 | Jan 31, 2017 | F | 11,325 | $11.33 | D | 60,696 | 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,F6,F2,F5 | $0.00 | Jan 31, 2017 | M | 19,001 | D | — | — | Common Stock | 19,001 | 0 | D |
| Performance Stock UnitF4,F8,F2,F7 | $0.00 | Jan 31, 2017 | M | 30,136 | D | — | — | Common Stock | 30,136 | 0 | D |
Explanation of responses
- F1Represents the number of shares of common stock issued upon the vesting of a restricted stock unit ("RSU") plus the number of shares of common stock accrued with respect to such vested portion of the RSU as a result of dividend equivalent rights paid by the Company pursuant to the terms of the award. The number of shares reported on Table 1 does not include the fractional shares, which were paid in cash upon settlement.
- F2RSUs/PSUs convert into common stock on a one-for-one basis.
- F3Represents the number of shares of common stock withheld by the Company to satisfy tax withholding requirements in connection with the RSU/PSU vesting.
- F4Represents the number of shares of common stock issued upon the vesting of a performance stock unit ("PSU"). The number of shares reported on Table 1 does not include the fractional shares, which were paid in cash upon settlement.
- F5The RSUs were granted on January 31, 2014. They vest in full on the third anniversary of the grant date.
- F6Represents only the RSUs granted on January 31, 2014 and does not include other RSUs with different vesting terms.
- F7On January 31, 2014, the reporting person was granted PSUs the vesting of which was subject to the achievement of certain performance criteria. On January 15, 2015, the Compensation and Management Succession Committee of the Board of Directors determined that the performance criteria were achieved with respect to the number of PSUs reported in this row. These PSUs were then eligible to vest in full on the third anniversary of the grant date.
- F8Represents only the PSUs granted on January 31, 2014 and does not include other PSUs with different vesting terms.