SEC Form 4 · accession 0000928022-18-000080
CALLON PETROLEUM CO · CPE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Joseph C. Gatto Jr.
Officer — President and CEO · Director
Period of report
May 14, 2018
Accepted (ET)
May 16, 2018 · 6:10 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 | 24,848 | $0.00 | A | 174,230 | D | |
| Common StockF1 | May 14, 2018 | F | 9,778 | $13.85 | D | 164,452 | D | |
| Common Stock | holding | — | — | — | 21,605 | 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 | 24,848 | D | May 14, 2018 | May 14, 2018 | Common Stock | 24,848 | 0 | D |
| 2015 Phantom UnitsF2,F4,F5 | $13.94 | May 14, 2018 | M | 4,385 | D | May 14, 2018 | May 14, 2018 | Common Stock | 4,385 | 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 the equivalent of one share of Callon Petroleoum Company's common stock on a one-for-one basis.
- F4The terms of this phantom unit award specify payment in cash rather than in common shares.
- F5Each phantom unit is the economic equivalent of one share of the company's common stock at the average of its opening and closing price on the vesting date, which was $13.94.