SEC Form 4 · accession 0000928022-18-000059

CALLON PETROLEUM CO · CPE

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — Senior VP and COO

Period of report

May 10, 2018

Accepted (ET)

May 14, 2018 · 8:52 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	—	—		—	245,782	D
Common Stock	holding	—	—		—	58,566	I	401(k) Account

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
2018 RSU - Stock^F1,F2,F3	—	May 10, 2018	A	59,321	A	—	—	Common Stock	59,321	59,321	D
2018 Performance Based Units - 50% Stock/50% Cash^F4,F5	—	May 10, 2018	A	88,984	A	Dec 31, 2020	Dec 31, 2020	Common Stock	88,984	88,984	D

F1On May 10, 2018, the reporting person was granted 59,321 restricted stock units with one-third vesting each year.
F2Restricted stock units convert into common stock on a one-for-one basis.
F3The award terms specify three-year ratable vesting with one-third vesting each year subsequent to the award year. The first tranche will vest on June 1, 2019. The second tranche will vest on June 1, 2020. The third and final tranche will vest on June 1, 2021.
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 as little as 0% to as much as 200%. The award terms also specify that upon vesting 50% of the vested units will be payable in common stock and 50% will be payable in cash.
F5Each unit is the economic equivalent of one share of the company's common stock.