SEC Form 4 · accession 0000928022-18-000005
CALLON PETROLEUM CO · CPE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Joseph C. Gatto Jr.
Officer — President and CEO
Period of report
Dec 31, 2017
Accepted (ET)
Jan 3, 2018 · 5:48 pm EST
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 | Dec 31, 2017 | M | 40,122 | — | A | 160,768 | D | |
| Common Stock | Dec 31, 2017 | D | 40,122 | $12.15 | D | 120,646 | D | |
| Common Stock | Dec 31, 2017 | M | 40,120 | $0.00 | A | 160,766 | D | |
| Common Stock | Dec 31, 2017 | F | 11,384 | $12.15 | D | 149,382 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2015 Performance Based Units - 50% CashF2,F3,F1 | — | Dec 31, 2017 | M | 21,925 | D | Dec 31, 2017 | Dec 31, 2017 | Common Stock | 21,925 | 0 | D |
| 2015 Performance Based Units - 50% StockF3,F4 | $0.00 | Dec 31, 2017 | M | 21,924 | D | Dec 31, 2017 | Dec 31, 2017 | Common Stock | 21,924 | 0 | D |
Explanation of responses
- F1Each Performance Based Unit paid in cash is the economic equivalent of the vesting date closing price of one share of Callon Petroleum Company's common stock.
- F2The terms of this Performance Based Unit award specify payment in cash.
- F3This Performance Based Unit award was 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 ranged from 0% to 200%. On the vesting date, this Performance Based Unit award vested at the 183% level.
- F4The terms of this Performance Based Unit award specify payment in stock.