MCCRACKEN STEVEN C 4

4 · CALLAWAY GOLF CO · Filed Jan 31, 2012

Form 4

Period: 2012-01-27

Sr. EVP, CAO

Transactions

Exercise/Conversion
Common Stock
2012-01-29+15,242→ 32,616 total
Tax Payment
Common Stock
2012-01-29$6.69/sh−6,052$40,488→ 26,564 total
Award
Stock Appreciation Rights (SARs)
2012-01-27+109,789→ 109,789 total
Exercise: $6.69Exp: 2017-01-27→ Common Stock (109,789 underlying)
Award
Phantom Stock Units
2012-01-27+17,437→ 17,437 total
From: 2015-01-27Exp: 2015-01-27→ Common Stock (17,437 underlying)
Exercise/Conversion
Restricted Stock Units
2012-01-29−15,242.46→ 0 total
Exercise: $0.00→ Common Stock (15,242.46 underlying)

Holdings

Footnotes (7)

[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]These shares 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 units.
[F4]These Stock Appreciation Rights are scheduled to vest as follows: 1/3 of the SARs vest on January 27, 2013; 1/3 of the SARs vest on January 27, 2014; and 1/3 of the SARs vest on January 27, 2015.
[F5]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.
[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 29, 2012.

Documents

1 file