CALLAWAY GOLF CO

Ticker: CALY CUSIP: 131193104 Class: Common Stock

ZAZOVE ASSOCIATES LLC's Holding History (CIK: 0001009012)

Note: Option positions (PUT/CALL) are excluded.

Q4 2015

Shares 440,251 Value ($000) $4,147 Avg Close $9.49 Range $8.02 - $10.17

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2015	440,251	$4,147	$9.49	$8.02 - $10.17