Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
Boezeman Alex Mitchell
  2. Issuer Name and Ticker or Trading Symbol
CALLAWAY GOLF CO [ELY]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Managing Director, East Asia
(Last)
(First)
(Middle)
2180 RUTHERFORD ROAD
3. Date of Earliest Transaction (Month/Day/Year)
04/17/2017
(Street)

CARLSBAD, CA 92008
4. If Amendment, Date Original Filed(Month/Day/Year)
6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 04/17/2017   M   54,810 (1) A $ 7.85 158,950 D  
Common Stock 04/17/2017   S   54,810 (1) D $ 11.75 104,140 D  
Common Stock 04/18/2017   M   1,473 (1) A $ 7.85 105,613 D  
Common Stock 04/18/2017   S   1,473 (1) D $ 11.75 104,140 D  
Common Stock 04/18/2017   M   23,458 (1) A $ 7.53 127,598 D  
Common Stock 04/18/2017   S   23,458 (1) D $ 11.75 104,140 D  
Common Stock 04/18/2017   M   34,010 (1) A $ 7.51 138,150 D  
Common Stock 04/18/2017   S   34,010 (1) D $ 11.75 104,140 D  
Common Stock 04/18/2017   M   87,069 (1) A $ 6.52 191,209 D  
Common Stock 04/18/2017   S   87,069 (1) D $ 11.75 104,140 D  

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(Month/Day/Year)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Non-Qualified Stock Option (right to buy) $ 7.85 04/17/2017   M     54,810 01/29/2012 01/29/2019 Common Stock 54,810 $ 0 1,473 D  
Non-Qualified Stock Option (right to buy) $ 7.85 04/18/2017   M     1,473 01/29/2012 01/29/2019 Common Stock 1,473 $ 0 0 D  
Non-Qualified Stock Option (right to buy) $ 7.53 04/18/2017   M     23,458 01/28/2013 01/28/2020 Common Stock 23,458 $ 0 0 D  
Non-Qualified Stock Option (right to buy) $ 7.51 04/18/2017   M     34,010 01/27/2014 01/27/2021 Common Stock 34,010 $ 0 0 D  
Non-Qualified Stock Option (right to buy) $ 6.52 04/18/2017   M     87,069 02/01/2016 02/01/2023 Common Stock 87,069 $ 0 0 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Boezeman Alex Mitchell
2180 RUTHERFORD ROAD
CARLSBAD, CA 92008
      Managing Director, East Asia  

Signatures

 /s/ Brian P. Lynch Attorney-in-Fact for Alex Mitchell Boezeman under a Limited Power of Attorney dated May 12, 2015.   04/19/2017
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) The reported transactions occurred pursuant to the terms of a trading plan agreement entered into on February 10, 2017. The trading plan agreement is intended to comply with Rule 10b5-1(c) under the Securities Exchange Act of 1934.

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