SEC Form 4 · accession 0000928022-18-000079
CALLON PETROLEUM CO · CPE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jerry A Weant
Officer — Vice President - Land
Period of report
May 14, 2018
Accepted (ET)
May 16, 2018 · 6:09 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 | May 14, 2018 | M | 12,424 | $0.00 | A | 83,253 | D | |
| Common StockF1 | May 14, 2018 | F | 3,026 | $13.85 | D | 80,227 | D | |
| Common Stock | holding | — | — | — | 4,328 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2015 RSU - StockF2,F3 | — | May 14, 2018 | M | 12,424 | D | May 14, 2018 | May 14, 2018 | Common Stock | 12,424 | 0 | D |
| 2015 Phantom UnitsF2,F4,F5 | $13.94 | May 14, 2018 | M | 2,192 | D | May 14, 2018 | May 14, 2018 | Common Stock | 2,192 | 0 | D |
Explanation of responses
- F1Payment of tax liability by withholding Common Stock incident to vesting of Restricted Stock award issued in accordance with Rule 16b-3.
- F2These units/shares are subject to three-year cliff vesting with all units/shares vesting on the third anniversary date following the grant date.
- F3Restricted stock units convert into common stock on a one-for-one basis.
- F4The terms of this phantom unit award specify payment in cash rather than in common stock.
- F5Each phantom unit is the economic equivalent of one share of Callon Petroleum Company's common stock at the average of its opening and closing price on the vesting date, which was $13.94.