CALLAWAY GOLF CO 4
4 · CALLAWAY GOLF CO · Filed May 15, 2015
Insider Transaction Report
Form 4
BEARD RONALD S
Director
Transactions
- Exercise/Conversion
Common Stock
2015-05-14+5,953→ 54,771 total - Exercise/Conversion
Restricted Stock Units
2015-05-14−5,953.79→ 0 totalFrom: 2015-05-14Exp: 2015-05-14→ Common Stock (5,953.79 underlying)
Footnotes (4)
- [F1]Reflects the vesting of a prior restricted stock unit grant (granted on May 14, 2014) on May 14, 2015, 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 conversion of the restricted stock units to shares of common stock.
- [F3]Each restricted stock unit represents a contingent right to receive one share of common stock.
- [F4]The reporting person is the holder of other restricted stock units as follows: 12,878 restricted stock units previously granted plus an additional 77.61 restricted stock units accrued as a result of dividend equivalent rights paid by the Company. Of the total number of restricted stock units beneficially owned by the reporting person, 5,348 restricted stock units are scheduled to vest on May 13, 2016 and 7,607.61 restricted stock units are scheduled to vest on May 15, 2016.