SEC Form 4 · accession 0000928022-18-000088
CALLON PETROLEUM CO · CPE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
A later amendment supersedes this filing — read the amendment. The figures below are kept as originally reported (version chain, not an overwrite).
Reporting owner
Joseph C. Gatto Jr.
Officer — President and CEO · Director
Period of report
Jul 1, 2018
Accepted (ET)
Jul 2, 2018 · 4:52 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 | Jul 1, 2018 | M | 40,050 | $0.00 | A | 204,502 | D | |
| Common StockF1 | Jul 1, 2018 | F | 15,760 | $10.74 | D | 188,742 | D | |
| Common Stock | holding | — | — | — | 21,648 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2017 LTI AwardF2,F3 | — | Jul 1, 2018 | M | 40,050 | D | Jul 1, 2018 | Jul 1, 2018 | Common Stock | 40,050 | 40,050 | D |
Explanation of responses
- F1Payment of tax liability by withholding Common Stock incident to vesting of Common Stock award issued in accordance with Rule 16b-3.
- F2The award terms specify three-year ratable vesting with one-third vesting each year subsequent to the award year. The first tranche vested on July 1, 2018. The second tranche will vest on July 1, 2019. The third and final tranche will vest on July 1, 2020.
- F3Restricted stock units convert into common stock on a one-for-one basis.