X0306 4 2020-02-08 0 0000837465 CALLAWAY GOLF CO ELY 0001551277 Lynch Brian P. 2180 RUTHERFORD ROAD CARLSBAD CA 92008 0 1 0 0 EVP, CFO Common Stock 2020-02-08 4 M 0 5534 0.00 A 55124 D Common Stock 2020-02-08 4 F 0 2987 20.20 D 52137 D Common Stock 2020-02-09 4 M 0 4734 0.00 A 56871 D Common Stock 2020-02-09 4 F 0 2555 20.20 D 54316 D Common Stock 6575 I By Family Trust Restricted Stock Units 0.00 2020-02-08 4 M 0 5534.6 0.00 D Common Stock 5534.6 11067.2 D Restricted Stock Units 0.00 2020-02-09 4 M 0 4734.91 0.00 D Common Stock 4734.91 4733.9 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 8, 2019 and vest in three equal annual installments beginning on the first anniversary of the grant date. Represents only the unvested portion of the RSUs granted on February 8, 2019 plus the number of shares of common stock accrued with respect to such unvested portion of the RSUs as a result of dividend equivalent rights to be paid by the Company pursuant to the terms of the award and does not include other RSUs with different vesting terms. The RSUs were granted on February 9, 2018 and vest in three equal annual installments beginning on the first anniversary of the grant date. Represents only the unvested portion of the RSUs granted on February 9, 2018 plus the number of shares of common stock accrued with respect to such unvested portion of the RSUs as a result of dividend equivalent rights to be paid by the Company pursuant to the terms of the award and does not include other RSUs with different vesting terms. /s/ Sarah Kim Attorney-in-Fact for Brian P. Lynch under a Limited Power of Attorney dated February 1, 2019. 2020-02-11