Laverty David A 4
4 · CALLAWAY GOLF CO · Filed Jan 19, 2011
Insider Transaction Report
Form 4
Laverty David A
Senior VP, Operations
Transactions
- Exercise/Conversion
Restricted Stock Units
2011-01-14−8,158.34→ 0 totalExercise: $0.00→ Common Stock (8,158.34 underlying) - Exercise/Conversion
Common Stock
2011-01-14+8,158→ 10,567 total - Tax Payment
Common Stock
2011-01-14$8.12/sh−3,433$27,876→ 7,134 total - Sale
Common Stock
2011-01-18$8.11/sh−4,725$38,320→ 2,409 total
Footnotes (8)
- [F1]Reflects the vesting of a prior restricted stock unit grant, which was previously reported on a Form 4 and additional restricted stock units accrued as a result of dividend equivalent rights paid by the Company pursuant to the terms of the grant.
- [F2]Reflects a deduction for cash paid in lieu of fractional shares upon the settlement of the restricted stock units in shares of common stock.
- [F3]The amount of securities beneficially owned includes the reporting person's acquisition in exempt transactions of 6 shares of common stock acquired through dividend reinvestment since the date these holdings were last reported.
- [F4]The 3,433 shares reported in this line item represent the number of shares of common stock withheld by the Company to satisfy tax withholding requirements in connection with the vesting of the restricted stock unit.
- [F5]The reported transactions were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 30, 2009 and amended on May 7, 2010.
- [F6]Each restricted stock unit represents a contingent right to receive one share of common stock.
- [F7]The restricted stock unit vested in full on January 14, 2011.
- [F8]The reporting person is the holder of other Restricted Stock Units as follows: 15,143.85 restricted stock units are scheduled to vest on January 29, 2012.