SEC Form 4 · accession 0001209191-18-008568
Callaway Golf Co · CALY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Neil Howie
Officer — Managing Director, EMEA
Period of report
Feb 6, 2018
Accepted (ET)
Feb 8, 2018 · 6:43 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 | Feb 6, 2018 | M | 4,660 | $0.00 | A | 95,803 | D | |
| Common StockF3 | Feb 6, 2018 | F | 2,190 | $14.59 | D | 93,613 | D | |
| Common StockF1,F2 | Feb 8, 2018 | M | 6,027 | $0.00 | A | 99,640 | D | |
| Common StockF3 | Feb 8, 2018 | F | 2,833 | $15.12 | D | 96,807 | D | |
| Common StockF4 | Feb 8, 2018 | M | 1,380 | $7.51 | A | 98,187 | D | |
| Common StockF4 | Feb 8, 2018 | S | 1,380 | $15.75 | D | 96,807 | D | |
| Common StockF4 | Feb 8, 2018 | M | 23,458 | $7.53 | A | 120,265 | D | |
| Common StockF4 | Feb 8, 2018 | S | 23,458 | $15.75 | D | 96,807 | 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 6, 2018 | M | 4,660 | D | — | — | Common Stock | 4,660 | 9,321 | D |
| Restricted Stock UnitsF1,F8,F2,F7 | $0.00 | Feb 8, 2018 | M | 6,028 | D | — | — | Common Stock | 6,028 | 6,028 | D |
| Non-Qualified Stock Option (right to buy) | $7.51 | Feb 8, 2018 | M | 1,380 | D | Jan 27, 2014 | Jan 27, 2021 | Common Stock | 1,380 | 32,630 | D |
| Non-Qualified Stock Option (right to buy) | $7.53 | Feb 8, 2018 | M | 23,458 | D | Jan 28, 2013 | Jan 28, 2020 | Common Stock | 23,458 | 0 | D |
Explanation of responses
- F1Represents the number of shares of common stock issued upon the vesting of restricted stock units ("RSUs") plus the number of shares of common stock accrued with respect to such vested portion of the RSUs 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.
- F3Represents the number of shares of common stock withheld by the Company to satisfy tax withholding requirements in connection with the RSU vesting.
- F4The reported transactions occurred pursuant to the terms of a Rule 10b5-1 trading plan adopted by the reporting person on November 9, 2017.
- F5The RSUs were granted on February 6, 2017 and vest in three equal annual installments beginning on the first anniversary of the grant date.
- F6Represents only the RSUs granted on February 6, 2017 and does not include other RSUs with different vesting terms.
- F7The RSUs were granted on February 8, 2016 and vest in three equal annual installments beginning on the first anniversary of the grant date.
- F8Represents only the RSUs granted on February 8, 2016 and does not include other RSUs with different vesting terms.