X0306 4 2016-05-11 0 0000837465 CALLAWAY GOLF CO ELY 0001215250 LUNDGREN JOHN F 2180 RUTHERFORD ROAD CARLSBAD CA 92008 1 0 0 0 Restricted Stock Units 2016-05-11 4 A 0 5423 0.00 A 2017-05-11 2017-05-11 Common Stock 5423 18435.91 D Each restricted stock unit represents a contingent right to receive one share of common stock. The number of restricted stock units owned following the reported transaction includes 134.91 restricted stock units accrued as a result of dividend equivalent rights paid by the Company. Of the total number of restricted stock units beneficially owned by the reporting person, 5,371.65 restricted stock units are scheduled to vest on May 13, 2016, 7,641.26 restricted stock units are scheduled to vest on May 15, 2016 and 5,423 restricted stock units are scheduled to vest on May 11, 2017. Brian P. Lynch Attorney-in-Fact for John F. Lundgren under a Limited Power of Attorney dated May 12, 2015. 2016-05-12