SEC Form 4 · accession 0000928022-15-000066
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 14, 2015
Accepted (ET)
May 18, 2015 · 5:32 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2014 RSU - StockF1 | $0.00 | May 14, 2015 | M | 4,184 | D | May 14, 2015 | May 14, 2017 | Phantom Stock Units Payable in Cash | 4,184 | 8,366 | D |
| Phantom Stock Units Payable in CashF2 | $0.00 | May 14, 2015 | M | 4,184 | A | — | — | Stock Units Payable in Cash | 4,184 | 57,592 | D |
| 2013 RSU - StockF1 | $0.00 | May 15, 2015 | M | 11,671 | D | May 15, 2014 | May 15, 2016 | Phantom Stock Units Payable in Cash | 11,671 | 11,671 | D |
| Phantom Stock Units Payable in CashF2 | $0.00 | May 15, 2015 | M | 11,671 | A | — | — | Stock Units Payable in Cash | 11,671 | 69,263 | D |
| 2015 RSU - StockF1 | $0.00 | May 14, 2015 | A | 14,970 | A | May 14, 2016 | May 14, 2018 | Phantom Stock Units Payable in Cash | 14,970 | 14,970 | 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. The Director elected that upon vesting these Restricted Stock Units convert into Phantom Stock Units Payable in Cash at retirement.
- F2Phantom Stock Units Payable in Cash will be paid upon the Director's retirement from the company's Board of Directors.