Callaway 2005 Annual Report Download - page 37

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PART II
Item 5. Market for Registrant’s Common Equity, Related Shareholder Matters and Issuer Purchases of
Equity Securities
The Company’s Common Stock is listed, and principally traded, on the New York Stock Exchange
(“NYSE”). The Company’s symbol for its Common Stock is “ELY.” As of January 31, 2006, the approximate
number of holders of record of the Company’s Common Stock was 8,900. The following table sets forth the
range of high and low per share closing prices of the Company’s Common Stock and per share dividends for the
periods indicated.
Year Ended December 31,
2005 2004
Period: High Low Dividend High Low Dividend
First Quarter .................................. $14.20 $12.11 $0.07 $19.23 $16.93 $0.07
Second Quarter ................................ $15.55 $10.78 $0.07 $19.95 $11.09 $0.07
Third Quarter ................................. $15.55 $14.46 $0.07 $12.50 $10.30 $0.07
Fourth Quarter ................................ $15.45 $13.12 $0.07 $13.50 $ 9.28 $0.07
Securities Authorized for Issuance Under Equity Compensation Plans
Information about the Company’s equity compensation plans at December 31, 2005 is as follows:
Equity Compensation Plan Information
Plan Category
Number of Shares
to be Issued Upon
Exercise of
Outstanding Options
Weighted Average
Exercise Price of
Outstanding Options
Number of Shares
Remaining
Available for
Future Issuance
(In thousands, except dollar amounts)
Equity Compensation Plans Approved by
Shareholders(1) .............................. 5,308 $16.92 6,766(2)
Equity Compensation Plans Not Approved by
Shareholders(3) .............................. 4,986 $17.00 —
Total ................................... 10,294 $16.96 6,766(2)
(1) Consists of the following plans: 1991 Stock Incentive Plan, 1996 Stock Option Plan, 1998 Stock Incentive
Plan, Non-Employee Directors Stock Option Plan, 2001 Non-Employee Directors Stock Option Plan and
2004 Equity Incentive Plan and Employee Stock Purchase Plan. No shares are available for grant under the
1991 Stock Incentive Plan, 1996 Stock Option Plan, 1998 Stock Incentive Plan or Non-Employee Directors
Stock Option Plan at December 31, 2005. The 2001 Non-Employee Directors Stock Option Plan provides
for stock option awards only. The 2004 Equity Incentive Plan permits the award of stock options, restricted
stock and various other stock-based awards.
(2) Includes 3.7 million shares reserved for issuance under the Employee Stock Purchase Plan.
(3) Consists of the following plans: 1995 Employee Stock Incentive Plan and 1992 Promotion, Marketing and
Endorsement Stock Incentive Plan. No shares are available for grant under these plans at December 31,
2005.
Equity Compensation Plans Not Approved By Shareholders
The Company has the following equity compensation plans which were not approved by shareholders: the
1995 Employee Stock Incentive Plan (the “1995 Plan”) and the 1992 Promotion, Marketing and Endorsement
Stock Incentive Plan (the “Promotion Plan”). No shares are available for grant under the 1995 Plan or the
Promotion Plan at December 31, 2005. For additional information, see “Notes to Consolidated Financial
Statements, Note 10—Stock, Stock Options and Rights.”
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