Erik J. Anderson - May 18, 2022 Form 4 Insider Report for CALLAWAY GOLF CO (MODG)

Role
Director
Signature
/s/ Erik J Anderson
Stock symbol
MODG
Transactions as of
May 18, 2022
Transactions value $
-$621,600
Form type
4
Date filed
5/19/2022, 06:20 PM
Previous filing
May 18, 2022
Next filing
May 25, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MODG Common Stock Other -$622K -30K -4.6% $20.72 622K May 18, 2022 By WestRiver Management, LLC F1, F2, F3
transaction MODG Common Stock Options Exercise $0 +4.06K +25.35% $0.00 20.1K May 19, 2022 Direct F4, F5
holding MODG Common Stock 2.74M May 18, 2022 By TGP Investors, LLC F3
holding MODG Common Stock 605K May 18, 2022 By TGP Investors II, LLC F3
holding MODG Common Stock 9.35K May 18, 2022 By TGP Advisors, LLC F3
holding MODG Common Stock 38.6K May 18, 2022 By Anderson Family Investments, LLC F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction MODG Restricted Stock Units Options Exercise $0 -4.06K -100% $0.00* 0 May 19, 2022 Common Stock 4.06K Direct F4, F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares of the Issuer's common stock transferred as compensation to employees of WestRiver Management.
F2 Represents the closing price of the Issuer's common stock on the date the shares were transferred in the transaction described in note 1.
F3 WestRiver Management, LLC ("WestRiver Management") is the sole managing member of TGP Advisors, LLC ("TGP Advisors") 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 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, TGP Manager, 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.
F4 Represents the number of shares of common stock issued upon the vesting of restricted stock units ("RSUs").
F5 RSUs convert into common stock on a one-for-one basis.
F6 The RSUs were granted on May 19, 2021 and vested on the first anniversary of the grant date.