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

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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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