Melican John 4
4 · CALLAWAY GOLF CO /CA · Filed Jan 31, 2006
Insider Transaction Report
Form 4
Melican John
Senior Vice President
Transactions
- Award
Common Stock
2006-01-27+5,086→ 6,085 total - Award
Non-Qualified Stock Option (right to buy)
2006-01-27+15,839→ 15,839 totalExercise: $15.04Exp: 2006-01-27→ Common Stock (15,839 underlying)
Footnotes (3)
- [F1]Until vested, these shares are subject to (i) certain restrictions on transfer and (ii) forfeiture if the reporting person ceases to be an employee of the Company. These shares are scheduled to vest on January 27, 2009, subject to accelerated vesting upon certain change in control events and subject to accelerated vesting upon certain termination of employment events.
- [F2]The increase in shares held by the reporting person since such holdings were last reported reflects (i) the acquisition of 534 shares acquired in exempt transactions through dividend reinvestment and the Company?s employee stock purchase plan and (ii) the acquisition of 5,086 restricted shares through the transaction described in table 1.
- [F3]This stock option is scheduled to vest as follows: 5,280 shares on 01/27/2007; 5,280 shares on 01/27/2008; and 5,279 shares on 01/27/2009.