X0306 4 2018-02-06 0 0000837465 CALLAWAY GOLF CO ELY 0001696849 Arnett Richard H. 2180 RUTHERFORD ROAD CARLSBAD CA 92008 0 1 0 0 SVP, Glb. Mktg. & Pres., OGIO Common Stock 2018-02-06 4 M 0 5992 0.00 A 28895 D Common Stock 2018-02-06 4 F 0 3235 14.59 D 25660 D Common Stock 2018-02-08 4 M 0 6027 0.00 A 31687 D Common Stock 2018-02-08 4 F 0 3253 15.12 D 28434 D Restricted Stock Units 0.00 2018-02-06 4 M 0 5992.54 0.00 D Common Stock 5992.54 11983.07 D Restricted Stock Units 0.00 2018-02-08 4 M 0 6027.9 0.00 D Common Stock 6027.9 6027.9 D Represents the number of shares of common stock issued upon the vesting of restricted stock units ("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. RSUs convert into common stock on a one-for-one basis. Represents the number of shares of common stock withheld by the Company to satisfy tax withholding requirements in connection with the RSU vesting. The RSUs were granted on February 6, 2017 and vest in three equal annual installments beginning on the first anniversary of the grant date. Represents only the RSUs granted on February 6, 2017 and does not include other RSUs with different vesting terms. The RSUs were granted on February 8, 2016 and vest in three equal annual installments beginning on the first anniversary of the grant date. Represents only the RSUs granted on February 8, 2016 and does not include other RSUs with different vesting terms. /s/ Peter C. Bartolino Attorney-in-Fact for Richard H. Arnett under a Limited Power of Attorney dated January 30, 2018. 2018-02-08