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KING INVESTMENT ADVISORS INC
> ELY
| Date | Name | Ticker | Shares | Change | Value | Change | Price |
| 12/31/2015 | Topgolf Callaway Brands Corp. | ELY | 0 | -1,650,199 | 0 | -10,726,000 | |
| 06/30/2015 | Topgolf Callaway Brands Corp. | ELY | 0 | -1,650,199 | 0 | -10,726,000 | |
| 03/31/2014 | Topgolf Callaway Brands Corp. | ELY | 0 | -544,800 | 0 | -4,593,000 | |
| 12/31/2013 | Topgolf Callaway Brands Corp. | ELY | 544,800 | -215,880 | 4,593,000 | -823,000 | $8.43 |
| 09/30/2013 | Topgolf Callaway Brands Corp. | ELY | 760,680 | -889,519 | 5,416,000 | -5,310,000 | $7.12 |
| 06/30/2013 | Topgolf Callaway Brands Corp. | ELY | 1,456,066 | -194,133 | 9,581,000 | -1,145,000 | $6.58 |
| 03/31/2013 | Topgolf Callaway Brands Corp. | ELY | 1,504,871 | -145,328 | 9,962,000 | -764,000 | $6.62 |
| 12/31/2012 | Topgolf Callaway Brands Corp. | ELY | 1,650,199 | -612,862 | 10,726,000 | -3,169,000 | $6.50 |
| 09/30/2012 | Topgolf Callaway Brands Corp. | ELY | 2,263,061 | -36,925 | 13,895,000 | 302,000 | $6.14 |
| 06/30/2012 | Topgolf Callaway Brands Corp. | ELY | 2,299,986 | 70,505 | 13,593,000 | -1,478,000 | $5.91 |
| 03/31/2012 | Topgolf Callaway Brands Corp. | ELY | 2,229,481 | 34,475 | 15,071,000 | 2,933,000 | $6.76 |
| 12/31/2011 | Topgolf Callaway Brands Corp. | ELY | 2,195,006 | -66,975 | 12,138,000 | 444,000 | $5.53 |
| 09/30/2011 | Topgolf Callaway Brands Corp. | ELY | 2,261,981 | 389,060 | 11,694,000 | 44,000 | $5.17 |
| 06/30/2011 | Topgolf Callaway Brands Corp. | ELY | 1,872,921 | 538,806 | 11,650,000 | 2,551,000 | $6.22 |
| 03/31/2011 | Topgolf Callaway Brands Corp. | ELY | 1,334,115 | 531,021 | 9,099,000 | 2,618,000 | $6.82 |
| 12/31/2010 | Topgolf Callaway Brands Corp. | ELY | 803,094 | 803,094 | 6,481,000 | 6,481,000 | $8.07 |
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