Yang Thomas 4
4 · CALLAWAY GOLF CO · Filed Jul 12, 2011
Insider Transaction Report
Form 4
Yang Thomas
Senior VP, International
Transactions
- Exercise/Conversion
Phantom Stock Units
2011-07-08−34,943→ 0 totalFrom: 2011-07-08Exp: 2011-07-08→ Common Stock (34,943 underlying) - Disposition to Issuer
Common Stock
2011-07-08$6.58/sh−34,943$229,925→ 32,608 total - Tax Payment
Common Stock
2011-07-08$6.58/sh−5,572$36,664→ 32,608 total - Exercise/Conversion
Common Stock
2011-07-08+34,943→ 67,551 total - Exercise/Conversion
Common Stock
2011-07-08+15,189→ 38,180 total - Exercise/Conversion
Restricted Stock Units
2011-07-08−15,189.43→ 0 totalExercise: $0.00→ Common Stock (15,189.43 underlying)
Footnotes (9)
- [F1]Reflects vesting of prior restricted stock unit grants, which were 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 grants.
- [F2]Reflects a deduction for cash paid in lieu of fractional shares upon the settlement of the restricted stock units.
- [F3]The amount of securities beneficially owned includes the reporting person's acquisition in exempt transactions of 3,178 shares of common stock acquired through dividend reinvestment and the Company's employee stock purchase plan since the date these holdings were last reported.
- [F4]The 5,572 shares reported in this line item represent the number of shares of restricted stock withheld by the Company to satisfy tax withholding requirements in connection with the vesting of the restricted stock unit.
- [F5]The Phantom Stock Units were settled in cash as per the terms of the award. For reporting purposes, however, the transaction is deemed to be a simultaneous acquisition and disposition of the underlying common stock and is reflected as such in this report.
- [F6]Each restricted stock unit represents a contingent right to receive one share of common stock.
- [F7]Per the terms of the reporting persons' separation from the Company, his restricted stock units have fully vested effective July 8, 2011 relating to the following grant: 15,189.43 restricted stock units which were originally scheduled to vest on January 29, 2012.
- [F8]The restricted stock units vested in full on July 8, 2011.
- [F9]Each Phantom Stock Unit represents a contingent right to receive a cash payment equal to the value on the vesting date of one share of the Company's Common Stock.