Urzetta Joseph 4
4 · CALLAWAY GOLF CO · Filed Dec 29, 2011
Insider Transaction Report
Form 4
Urzetta Joseph
SVP, Americas
Transactions
- Exercise/Conversion
Common Stock
2011-12-29+25,413→ 25,413 total - Exercise/Conversion
Phantom Stock Units
2011-12-29−25,413→ 25,413 totalFrom: 2011-12-29Exp: 2011-12-29→ Common Stock (25,413 underlying) - Disposition to Issuer
Common Stock
2011-12-29$5.56/sh−25,413$141,296→ 0 total
Footnotes (3)
- [F1]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.
- [F2]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.
- [F3]These Phantom Stock Units are scheduled to vest on December 29, 2012.