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Topgolf Callaway Brands Corp. — Director's Dealing 2021
Mar 10, 2021
31798_dirs_2021-03-09_56afeea9-0d5d-4144-9a2d-a0f807a6b9d6.zip
Director's Dealing
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SEC Form 3 — Initial Statement of Beneficial Ownership
Issuer: CALLAWAY GOLF CO (ELY)
CIK: 0000837465
Period of Report: 2021-03-08
Reporting Person: WestRiver Management, LLC (10% Owner)
Reporting Person: TGP Advisors, LLC (10% Owner)
Reporting Person: TGP Manager, LLC (10% Owner)
Reporting Person: TGP INVESTORS, LLC (10% Owner)
Reporting Person: TGP INVESTORS II, LLC (10% Owner)
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 37405 | Indirect |
| Common Stock | 14748485 | Indirect |
| Common Stock | 6051339 | Indirect |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Stock Option | $6.91 | 2024-04-16 | Common Stock (21348) | Indirect | |
| Stock Option | $21.08 | 2025-08-31 | Common Stock (149439) | Indirect | |
| Stock Option | $30.45 | 2028-03-05 | Common Stock (35880) | Indirect | |
| Stock Option | $32.21 | 2029-03-18 | Common Stock (43391) | Indirect | |
| Stock Option | $35.14 | 2030-04-29 | Common Stock (45229) | Indirect |
Footnotes
F1: WestRiver Management, LLC is the sole managing member of TGP Advisors, LLC and TGP Manager, LLC. TGP Manager, LLC is the sole managing member of TGP Investors, LLC ("TGP") and TGP Investors II, LLC ("TGP II") and in such capacity is responsible for voting decisions with respect to certain matters regarding the Issuer's securities held by TGP and TGP II. Erik Anderson is the sole member and manager of WestRiver Management, LLC. As a result, each of the Reporting Persons may be deemed to beneficially own the securities held of record by TGP Investors, LLC and TGP Investors II, LLC. Each of the Reporting Persons disclaims beneficial ownership of the securities reported herein, except to the extent of such Reporting Person's pecuniary interest therein.
F2: The stock option is currently exercisable.
F3: The stock option vests in four equal annual installments, beginning on January 1, 2019.
F4: The stock option vests in four equal annual installments, beginning on January 1, 2020.
F5: The stock option vests in four equal annual installments, beginning on January 1, 2021.