PENICKA ROBERT A 4
4 · CALLAWAY GOLF CO /CA · Filed Jan 31, 2006
Insider Transaction Report
Form 4
PENICKA ROBERT A
Senior Executive VP
Transactions
- Award
Common Stock
2006-01-27+10,173→ 17,826 total - Award
Non-Qualified Stock Option (right to buy)
2006-01-27+31,677→ 31,677 totalExercise: $15.04Exp: 2016-01-27→ Common Stock (31,677 underlying)
Holdings
- 4,129(indirect: By 401(k))
Common Stock
Footnotes (4)
- [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 directly by the reporting person since such holdings were last reported reflects (i) the acquisition of 4,931 shares acquired in exempt transactions through dividend reinvestment and the Company?s employee stock purchase plan and (ii) the acquisition of 10,173 restricted shares through the transaction described in table 1.
- [F3]The increase in shares held by the reporting person in the Company's 401(K) Plan since such holdings were last reported reflects the acquisition of 2,654 shares acquired in exempt transactions through the 401(K)Plan.
- [F4]This stock option is scheduled to vest as follows: 10,559 shares on 01/27/2007; 10,559 shares on 01/27/2008; and 10,559 shares on 01/27/2009.