Topgolf Callaway Brands Corp. — Director's Dealing 2021

Feb 8, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CALLAWAY GOLF CO (ELY)
CIK: 0000837465
Period of Report: 2021-02-06

Reporting Person: Leposky Mark F (EVP, Global Operations)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-02-06	Common Stock	M	22318	$0.00	Acquired	220173	Direct
2021-02-06	Common Stock	F	7883	$30.78	Disposed	212290	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-02-06	Restricted Stock Units	$0.00	M	22318.48	Disposed		Common Stock (22318.48)	Direct

Footnotes

F1: Represents the number of shares of common stock issued upon the vesting of RSUs plus the number of shares of common stock accrued with respect to such vested portion of the RSUs as a result of dividend equivalent rights paid by the Company pursuant to the terms of the award. The number of shares reported on Table 1 does not include the fractional shares, which were paid in cash upon settlement.

F2: Restricted Stock Units ("RSUs") convert into common stock on a one-for-one basis.

F3: Represents the number of shares of common stock withheld by the Company to satisfy tax withholding requirements in connection with the RSU vesting.

F4: On February 6, 2017, 58,186 RSUs were granted of which 4,646 RSUs vested on February 6, 2018, 4,646 RSUs vested on February 6, 2019 and 26,770 RSUs vested on February 6, 2020. The remaining 22,124 RSUs vested on February 6, 2021, and therefore, these RSUs have fully vested as of February 6, 2021.