MCCRACKEN STEVEN C 4
4 · CALLAWAY GOLF CO · Filed Jan 28, 2011
Insider Transaction Report
Form 4
MCCRACKEN STEVEN C
Sr. EVP, CAO
Transactions
- Award
Phantom Stock Units
2011-01-27+23,302→ 0 total→ Common Stock (23,302 underlying) - Award
Non-Qualified Stock Option (right to buy)
2011-01-27+59,518→ 59,518 totalExercise: $7.51Exp: 2021-01-27→ Common Stock (59,518 underlying)
Footnotes (4)
- [F1]This stock option is scheduled to vest as follows: 19,840 shares on 01/27/2012; 19,839 shares on 01/27/2013; and 19,839 shares on 01/27/2014.
- [F2]Upon vesting, the recipient is entitled to a cash payment for each Phantom Stock Unit equal to the value on the vesting date of one share of the Company's Common Stock.
- [F3]The Phantom Stock Units are scheduled to vest on January 27, 2014.
- [F4]The reporting person is the holder of other Phantom Stock Units as follows: 22,237 units are scheduled to vest on December 29, 2011 and 22,236 units are scheduled to vest on December 29, 2012.