X0306 4 2017-02-06 0 0000837465 CALLAWAY GOLF CO ELY 0001559839 JULIAN ROBERT K. 2180 RUTHERFORD ROAD CARLSBAD CA 92008 0 1 0 0 SVP, C.F.O. Restricted Stock Units 2017-02-06 4 A 0 19912 0.00 A Common Stock 19912 19912 D Each restricted stock unit represents a contingent right to receive one share of common stock. These restricted stock units are scheduled to vest as follows: 1/3 of the restricted stock units vest on February 6, 2018; 1/3 of the restricted stock units vest on February 6, 2019; and 1/3 of the restricted stock units vest on February 6, 2020. The Reporting Person has deferred receipt of the underlying shares of Common Stock pursuant to the terms of the Callaway Golf Company Deferred Compensation Plan. Represents only the restricted stock units granted on February 6, 2017 and does not include restricted stock units with different vesting terms. /s/ Hina M.D. Patel Attorney-in-Fact for Robert K. Julian under a Limited Power of Attorney dated May 11, 2015. 2017-02-08