SEC Form 4 · accession 0001209191-17-009722
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
Feb 8, 2017
Accepted (ET)
Feb 10, 2017 · 6:28 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,F3 | Feb 8, 2017 | M | 42,926 | $0.00 | A | 447,571 | D | |
| Common StockF4 | Feb 8, 2017 | F | 24,288 | $10.38 | D | 423,283 | 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 | Feb 8, 2017 | M | 42,926 | D | — | — | Common Stock | 42,926 | 85,850 | 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 convert into common stock on a one-for-one basis.
- F3The total number of shares reported has been increased by 30 shares due to a prior inadvertent under-reporting of the total number of shares beneficially owned by the reporting person as a result of an arithmetic error in Column 5 of Table I of the Form 4, filed on February 3, 2017.
- F4Represents the number of shares of common stock withheld by the Company to satisfy tax withholding requirements in connection with the RSU vesting.
- F5The RSUs were granted on February 8, 2016 and vest in three equal annual installments beginning on the first anniversary of the grant date.
- F6Represents only the RSUs granted on February 8, 2016 and does not include other RSUs with different vesting terms.