SEC Form 4 · accession 0000928022-19-000013
CALLON PETROLEUM CO · CPE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michol L Ecklund
Officer — VP & General Counsel, Corp Sec
Period of report
Jan 1, 2019
Accepted (ET)
Jan 3, 2019 · 6:29 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 Stock | Jan 1, 2019 | M | 12,500 | $0.00 | A | 12,500 | D | |
| Common StockF1 | Jan 1, 2019 | F | 3,707 | $6.49 | D | 8,793 | D | |
| Common Stock | holding | — | — | — | 544 | 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 RSU - Stock (Inducement Award)F2,F3 | — | Jan 1, 2019 | M | 12,500 | D | — | — | Common Stock | 12,500 | 25,000 | D |
Explanation of responses
- F1Payment of tax liability by withholding Common Stock incident to vesting of Restricted Stock Unit award issued in accordance with Rule 16b-3.
- F2The award is subject to three-year ratable vesting with one-third vesting each year subsequent to the award year. The first tranche vested on January 1, 2019. The second tranche will vest on January 1, 2020. The third and final tranche will vest on January 1, 2021.
- F3Each unit is the economic equivalent of one share of the company's common stock.