CALLAWAY GOLF CO 4
4 · CALLAWAY GOLF CO · Filed May 26, 2015
Insider Transaction Report
Form 4
CUSHMAN JOHN C III
Director
Transactions
- Disposition to Issuer
Common Stock
2015-05-23$9.80/sh−9,329$91,424→ 49,471 total - Exercise/Conversion
Phantom Stock Units
2015-05-23−9,329→ 0 totalFrom: 2015-05-23Exp: 2015-05-23→ Common Stock (9,329 underlying) - Exercise/Conversion
Common Stock
2015-05-23+9,329→ 58,800 total
Footnotes (2)
- [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.