SEC Form 4 · accession 0000928022-18-000057
CALLON PETROLEUM CO · CPE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
L Richard Flury
Director
Period of report
May 10, 2018
Accepted (ET)
May 14, 2018 · 8:50 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 Stock | holding | — | — | — | 132,999 | D | ||
| Common Stock | holding | — | — | — | 30,000 | I | Joint Tenant with Spouse |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2018 RSU - StockF1,F2 | — | May 10, 2018 | A | 11,652 | A | May 10, 2019 | May 10, 2019 | Phantom Stock Units Payable in Cash | 11,652 | 11,652 | D |
| 2017 RSU - StockF3,F2,F4 | — | May 10, 2018 | M | 3,707 | D | — | — | Phantom Stock Units Payable in Cash | 3,707 | 7,413 | D |
| Phantom Stock Units Payable in CashF5 | $0.00 | May 10, 2018 | M | 3,707 | A | — | — | Deferred Stock Units Payable in Cash | 3,707 | 30,347 | D |
| 2016 RSU - StockF3,F2,F6 | — | May 12, 2018 | M | 4,110 | D | — | — | Phantom Stock Units Payable in Cash | 4,110 | 4,109 | D |
| Phantom Stock Units Payable in CashF5 | $0.00 | May 12, 2018 | M | 4,110 | A | — | — | Deferred Stock Units Payable in Cash | 4,110 | 34,457 | D |
Explanation of responses
- F1These units/shares are subject to one-year cliff vesting with all units/shares vesting on the first anniversary date following the award date. The reporting person elected that upon vesting these Restricted Stock Units convert into Phantom Stock Units Payable in Cash at retirement pursuant to Callon Petroleum Company's deferred compensation plan for outside directors.
- F2Restricted stock units convert into the equivalent of one share of Callon Petroleum Company's common stock on a one-for-one basis.
- F3These units/shares are subject to three-year ratable vesting with one-third vesting on each anniversary date following the grant date. The reporting person elected that upon vesting these Restricted Stock Units convert into Phantom Stock Units Payable in Cash at retirement pursuant to Callon Petroleum Company's deferred compensation plan for outside directors.
- F4On May 10, 2017, the reporting person was granted 11,120 restricted stock units with one-third vesting on each anniversary date subsequent to the award date.
- F5Phantom Stock Units Payable in Cash will be paid upon the Director's retirement from Callon Petroleum Company's Board of Directors pursuant to the Company's deferred compensation plan for outside directors.
- F6On 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.