SEC Form 4 · accession 0000928022-18-000017
CALLON PETROLEUM CO · CPE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Correne S Loeffler
Officer — Treasurer
Period of report
Mar 1, 2018
Accepted (ET)
Mar 5, 2018 · 7:11 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 Stock | Mar 1, 2018 | M | 11,667 | $0.00 | A | 11,667 | D | |
| Common Stock | Mar 1, 2018 | F | 3,214 | $11.74 | D | 8,453 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2017 RSU - Stock (Inducement Award)F1,F2 | — | Mar 1, 2018 | M | 11,667 | D | Mar 1, 2018 | Mar 1, 2020 | Common Stock | 11,667 | 23,333 | D |
Explanation of responses
- F1This inducement award was granted when Ms. Loeffler joined Callon Petroleum Company as Treasurer on April 24, 2017. The award is subject to three-year ratable vesting with one-third vesting each year subsequent to the award year. The first tranche vested on March 1, 2018. The second tranche will vest on March 1, 2019. The third and final tranche will vest on March 1, 2020.
- F2Restricted stock units convert into common stock on a one-for-one basis.