SEC Form 4 · accession 0000928022-18-000081
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 15, 2018
Accepted (ET)
May 16, 2018 · 6:12 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 | — | — | — | 30,000 | I | Joint Tenant with Spouse | |
| Common Stock | holding | — | — | — | 132,999 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2015 RSU - StockF1,F2,F3 | — | May 15, 2018 | M | 4,990 | D | — | — | Phantom Stock Units Payable in Cash | 4,990 | 0 | D |
| Phantom Stock Units Payable in CashF4 | $0.00 | May 15, 2018 | M | 4,990 | A | — | — | Deferred Stock Units Payable in Cash | 4,990 | 39,447 | D |
Explanation of responses
- F1These units/shares are subject to three-year ratable vesting with one-third vesting on each anniversary date following the grant date. The Director elected that upon vesting these Restricted Stock Units convert into Phantom Stock Units Payable in Cash at retirement.
- F2Restricted stock units convert into the equivalent of one share of Callon Petroleum Company's common stock on a one-for-one basis.
- F3On May 15, 2015, the reporting person was granted 14,970 restricted stock units with one-third vesting on each anniversary date following the grant date.
- F4Phantom 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.