Erik J. Anderson - Sep 29, 2021 Form 4 Insider Report for CALLAWAY GOLF CO (MODG)

Role
Director
Signature
/s/ Sarah Kim Attorney-in-Fact for Erik J Anderson under a Limited Power of Attorney dated March 8, 2021.
Stock symbol
MODG
Transactions as of
Sep 29, 2021
Transactions value $
$0
Form type
4
Date filed
10/1/2021, 05:17 PM
Previous filing
Aug 10, 2021
Next filing
Nov 17, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MODG Common Stock Other $0 -7.53M -57.89% $0.00 5.47M Sep 29, 2021 By TGP Investors, LLC F1, F2
transaction MODG Common Stock Other $0 -3.78M -75.75% $0.00 1.21M Sep 29, 2021 By TGP Investors II, LLC F1, F2
transaction MODG Common Stock Other $0 -18.7K -50% $0.00 18.7K Sep 29, 2021 By TGP Advisors, LLC F1, F2
transaction MODG Common Stock Other $0 +512K $0.00 512K Sep 29, 2021 By WestRiver Management, LLC F2, F3
transaction MODG Common Stock Other $0 +48.6K $0.00 48.6K Sep 29, 2021 By Anderson Family Investments, LLC F2, F3
transaction MODG Common Stock Other $0 +10.3K $0.00 10.3K Sep 29, 2021 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents a pro-rata distribution in kind of shares of the Issuers common stock held of record by TGP Investors, LLC ("TGP"), TGP Investors II, LLC ("TGP II"), and TGP Advisors, LLC ("TGP Advisors") to their respective members for no consideration ("Distribution-in-Kind") pursuant to such entities organizational documents. As further disclosed in Amendment No. 1 to the Schedule 13D filed by WestRiver Management, LLC ("WestRiver Management") with the Securities and Exchange Commission on October 1, 2021, the persons who received shares of the Issuers common stock as a result of the Distribution-in-Kind agreed that such shares are subject to the terms of a lock-up agreement that restricts them from selling or otherwise transferring such shares through November 9, 2021.
F2 WestRiver Management is the sole managing member of TGP Advisors and TGP Manager, LLC ("TGP Manager"). TGP Manager is the sole managing member of TGP and TGP II and in such capacity is responsible for voting decisions with respect to certain matters regarding the Issuers 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, WestRiver Management and AFI. The Reporting Person disclaims beneficial ownership of the securities reported herein, except to the extent of such Reporting Persons pecuniary interest therein.
F3 Represents shares of Issuers common stock received in connection with the Distribution-in-Kind.