Erik J. Anderson - 30 Nov 2021 Form 4 Insider Report for CALLAWAY GOLF CO (MODG)

Role
Director
Signature
/s/ Erik J Anderson
Issuer symbol
MODG
Transactions as of
30 Nov 2021
Net transactions value
-$730,550
Form type
4
Filing time
01 Dec 2021, 16:00:14 UTC
Previous filing
17 Nov 2021
Next filing
08 Feb 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MODG Common Stock Sale $465,150 -17,500 -3.4% $26.58 494,519 30 Nov 2021 By WestRiver Management, LLC F1, F3
transaction MODG Common Stock Sale $265,400 -10,000 -21% $26.54 38,591 30 Nov 2021 By Anderson Family Investments, LLC F2, F3
holding MODG Common Stock 18,702 30 Nov 2021 By TGP Advisors, LLC F3
holding MODG Common Stock 5,474,968 30 Nov 2021 By TGP Investors, LLC F3
holding MODG Common Stock 1,209,996 30 Nov 2021 By TGP Investors II, LLC F3
holding MODG Common Stock 10,304 30 Nov 2021 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 of Table I is a weighted average price. These shares were sold in multiple transactions at prices ranging from $26.50 to $26.72. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the Staff of the Securities and Exchange Commission full information regarding the number of shares sold at each separate price within this range.
F2 The price reported in Column 4 of Table I is a weighted average price. These shares were sold in multiple transactions at prices ranging from $26.50 to $26.71. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the Staff of the Securities and Exchange Commission full information regarding the number of shares sold at each separate price within this range.
F3 WestRiver Management is the sole managing member of TGP Advisors, LLC and TGP Manager, LLC ("TGP Manager"). TGP Manager 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. The Reporting Person is the sole member and sole manager of WestRiver Management, LLC ("WestRiver Management") and the sole manager of Anderson Family Investments, LLC ("AFI"). As a result, the Reporting Person may be deemed to beneficially own the securities held of record by TGP, TGP II, TGP Advisors, WestRiver Management and AFI. The Reporting Person disclaims beneficial ownership of the securities reported herein, except to the extent of such Reporting Person's pecuniary interest therein.