SEC Form 4 · accession 0000928022-15-000070
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 15, 2015
Accepted (ET)
May 19, 2015 · 3:32 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2015 RSU - StockF1 | $0.00 | May 15, 2015 | A | 24,848 | A | May 15, 2018 | May 15, 2018 | Common Stock | 24,848 | 24,848 | D |
| 2015 Phantom UnitsF1,F2,F3 | — | May 15, 2015 | A | 4,385 | A | May 15, 2018 | May 15, 2018 | Common Stock | 4,385 | 4,385 | D |
| 2015 Performance Based Units - 50% Stock/50% CashF4,F3 | — | May 15, 2015 | A | 43,849 | A | Dec 31, 2017 | Dec 31, 2017 | Common Stock | 43,849 | 43,849 | D |
Explanation of responses
- F1The award terms specify cliff vesting three years from the date of the award.
- F2The terms of this Phantom Unit award specify payment in cash rather than in common shares.
- F3Each share of phantom stock is the economic equivalent of one share of the company's common stock.
- F4This Performance Based Unit award is subject to a variable number of units vesting based on a performance criteria related to the total shareholder return of the company compared to a group of peer companies. The number of units subject to vest under this award can range from 0% to as much as 200%. The award terms also specify that upon vesting 50% of the vested units will be payable in common shares and 50% will be payable in cash.