SEC Form 4 · accession 0000928022-18-000062
CALLON PETROLEUM CO · CPE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James P Ulm II
Officer — Senior VP & CFO
Period of report
May 10, 2018
Accepted (ET)
May 14, 2018 · 8:57 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 | — | — | — | 236 | I | 401(k) Account |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2018 Performance Based Units - 50% Stock/50% CashF1,F2 | — | May 10, 2018 | A | 75,000 | A | Dec 31, 2020 | Dec 31, 2020 | Common Stock | 75,000 | 75,000 | D |
Explanation of responses
- F1This 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.
- F2Each unit is the economic equivalent of one share of the company's common stock.