SEC Form 4 · accession 0000928022-15-000048
CALLON PETROLEUM CO · CPE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Joseph C. Gatto Jr.
Officer — Senior VP / CFO / Treasurer
Period of report
May 10, 2015
Accepted (ET)
May 12, 2015 · 4:36 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000928022
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | May 10, 2015 | M | 17,850 | $8.01 | A | 66,282 | D | |
| Common Stock | May 10, 2015 | F | 4,882 | $8.01 | D | 61,400 | D | |
| Common StockF1 | May 10, 2015 | M | 3,150 | — | A | 64,550 | D | |
| Common Stock | May 10, 2015 | D | 3,150 | $7.90 | D | 61,400 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2012 RSU - Stock | $8.01 | May 10, 2015 | M | 17,850 | D | May 10, 2015 | May 10, 2015 | Common Stock | 17,850 | 0 | D |
| 2012 RSU - CashF1 | — | May 10, 2015 | M | 3,150 | D | May 10, 2015 | May 10, 2015 | Common Stock | 3,150 | 0 | D |
Explanation of responses
- F1The terms of this Phantom Unit award specify payment in cash rather than in common shares. The value of each vested unit is equal to the average of the opening and closing price of the company's common stock on the vesting date.