SEC Form 4 · accession 0000928022-19-000012
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
Dec 31, 2018
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
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Dec 31, 2018 | M | 46,221 | $0.00 | A | 234,963 | D | |
| Common Stock | Dec 31, 2018 | D | 46,221 | $6.49 | D | 188,742 | D | |
| Common Stock | Dec 31, 2018 | M | 46,221 | $0.00 | A | 234,963 | D | |
| Common StockF2 | Dec 31, 2018 | F | 12,028 | $6.49 | D | 222,935 | D | |
| Common Stock | holding | — | — | — | 21,619 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2016 Performance Units - 50% StockF3,F5,F6 | — | Dec 31, 2018 | M | 32,550 | D | Dec 31, 2018 | Dec 31, 2018 | Common Stock | 32,550 | 0 | D |
| 2016 Performance Units - 50% CashF3,F4,F1 | — | holding | — | — | — | Dec 31, 2018 | Dec 31, 2018 | Common Stock | 32,550 | 32,550 | D |
Explanation of responses
- F1Each Performance Unit paid in cash is the economic equivalent of the vesting date closing price of one share of Callon Petroleum Company's common stock.
- F2Payment of tax liability by withholding Common Stock incident to vesting of Performance Unit award issued in accordance with Rule 16b-3.
- F3This Performance Unit award was subject to a variable number of units vesting based on a performance criteria related to the total shareholder return of the Company compared to a group of peer companies over a 31 month period. The number of units subject to vest under this award ranged from 0% to 200%. On the vesting date, this Performance Unit award vested at the 142% level.
- F4The terms of this Performance Unit award specify payment in cash.
- F5The terms of this Performance Unit Award specify payment in stock.
- F6Each Performance Unit is the economic equivalent of one share of Callon Petroleum Company's common stock.