SEC Form 4 · accession 0000928022-16-000161
CALLON PETROLEUM CO · CPE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Larry D McVay
Director
Period of report
May 12, 2016
Accepted (ET)
May 16, 2016 · 5:09 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 StockF1 | May 14, 2016 | M | 4,183 | — | A | 116,352 | D | |
| Common StockF1 | May 15, 2016 | M | 4,990 | — | A | 121,342 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2013 RSU - StockF2,F1,F3 | — | May 15, 2016 | M | 11,671 | D | — | — | Phantom Stock Units Payable in Cash | 11,671 | 0 | D |
| Phantom Stock Units Payable in CashF4 | $0.00 | May 15, 2016 | M | 11,671 | A | — | — | Stock Units Payable in Cash | 11,671 | 35,014 | D |
| 2014 RSU - StockF5,F1,F6 | — | May 14, 2016 | M | 4,183 | D | — | — | Common Stock | 4,183 | 4,183 | D |
| 2015 RSU - StockF5,F1,F7 | — | May 15, 2016 | M | 4,990 | D | — | — | Common Stock | 4,990 | 9,980 | D |
| 2016 RSU - StockF5,F1,F8 | — | May 12, 2016 | A | 12,329 | A | — | — | Common Stock | 12,329 | 12,329 | D |
Explanation of responses
- F1Restricted stock units convert into common stock on a one-for-one basis.
- F2These 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.
- F3On May 15, 2013, the reporting person was granted 35,014 restricted stock units with one-third vesting on each anniversary date following the grant date.
- F4Phantom Stock Units Payable in Cash will be paid upon the Director's retirement from the company's Board of Directors.
- F5These units/shares are subject to three-year ratable vesting with one-third vesting on each anniversary date following the grant date.
- F6On May 14, 2014, the reporting person was granted 12,550 restricted stock units with one-third vesting on each anniversary date following the grant date.
- F7On May 15, 2015, the reporting person was granted 14,970 restricted stock units with one-third vesting on each anniversary date following the grant date.
- F8On May 12, 2016, the reporting person was granted 12,329 restricted stock units with one-third vesting on each anniversary date following the grant date.