Callaway 2006 Annual Report Download - page 37

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2001 2002 2003 2004 2005 2006
Callaway Golf ................................... 100.00 69.19 87.99 70.50 72.27 75.25
S&P500 ....................................... 100.00 76.63 96.84 105.55 108.72 123.53
S&P 400 Midcap ................................. 100.00 84.56 113.33 130.51 145.22 158.27
The Callaway Golf Company index is based upon the closing prices of Callaway Golf Company Common
Stock on December 31, 2001, 2002, 2003, 2004, 2005 and December 30, 2006 of $19.15, $13.25, $16.85, $13.50,
$13.84 and $14.41 respectively.
Securities Authorized for Issuance Under Equity Compensation Plans
The following table provides information about the number of stock options and shares underlying
Restricted Stock Units (RSUs) and Performance Units outstanding and authorized for issuance under all equity
compensation plans of the Company as of December 31, 2006. See Note 12 “Share-Based Employee
Compensation” to the Notes of Consolidated Financial Statements for further discussion of the equity plans of
the Company.
Equity Compensation Plan Information
Plan Category
Number of Shares
to be Issued Upon
Exercise of
Outstanding Options and
Vesting of RSUs and
Performance Units
Weighted Average
Exercise Price of
Outstanding Options(5)
Number of Shares
Remaining
Available for
Future Issuance
(In thousands, except dollar amounts)
Equity Compensation Plans Approved by
Shareholders(1) ......................... 5,415(4) $16.84 5,084(2)
Equity Compensation Plans Not Approved by
Shareholders(3) ......................... 4,042 $16.94 —
Total ............................... 9,457 $16.89 5,084(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 Incentive 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, 2006. The 2001 Non-Employee Directors Stock Incentive Plan permits
the awards of stock options, restricted stock and restricted stock units. The 2004 Equity Incentive Plan
permits the award of stock options, restricted stock, performance units and various other stock-based
awards.
(2) Includes 3,361,000 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,
2006.
(4) Includes 124,000 and 27,000 shares underlying performance units and RSUs, respectively, issuable from the
2004 Equity Incentive Plan, and 22,000 shares underlying RSUs issuable from the 2001 Non-Employee
Directors Stock Incentive Plan.
(5) Does not include shares underlying RSUs and Performance Units, which do not have an exercise price.
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
21