SEC Form 4 · accession 0000928022-19-000011
CALLON PETROLEUM CO · CPE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeffrey S Balmer
Officer — Senior VP and COO
Period of report
Jan 1, 2019
Accepted (ET)
Jan 3, 2019 · 6:24 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000928022
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2019 RSU - Stock (Inducement Award)F1,F2 | — | Jan 1, 2019 | A | 90,000 | A | — | — | Common Stock | 90,000 | 90,000 | D |
Explanation of responses
- F1As previously reported on Form 8-K dated November 6, 2018, this inducement award was granted to Mr. Balmer with an effective date of January 1, 2019, when he agreed to join Callon Petroleum Company as Senior Vice President and Chief Operating Officer. The award is subject to three-year ratable vesting with one-third of the units vesting on each of the first three anniversaries of the effective date. The first tranche will vest on January 1, 2020. The second tranche will vest on January 1, 2021. The third and final tranche will vest on January 1, 2022.
- F2Each unit is the economic equivalent of one share of the company's common stock.