SEC Form 4 · accession 0000928022-15-000040
CALLON PETROLEUM CO · CPE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John C Wallace
Director
Period of report
May 9, 2015
Accepted (ET)
May 12, 2015 · 4:09 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000928022
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2012 RSU - StockF1,F2 | $8.01 | May 9, 2015 | M | 7,590 | D | May 9, 2013 | May 9, 2015 | Phantom Stock Units Payable in Cash | 7,590 | 0 | D |
| Phantom Stock Units Payable in CashF2,F3 | — | May 9, 2015 | M | 7,590 | A | — | — | Stock Units Payable in Cash | 7,590 | 53,408 | D |
Explanation of responses
- F1These units/shares are subject to three-year ratable vesting with one-third vesting on each anniversary date following the grant date.
- F2Phantom Stock Units Payable in Cash will be paid upon the Director's retirement from the company's Board of Directors. Each vested unit will be equal to the economic value of one share of Callon Petroleum Company common stock at the closing price on the Director's retirement date.
- F3The value of each Stock Unit Payable in Cash is based on the economic value of one share of Callon Petroleum Company common stock at the closing price on the date of payment.