SEC Form 4 · accession 0000928022-19-000017

CALLON PETROLEUM CO · CPE

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — Vice President - Land

Period of report

Dec 31, 2018

Accepted (ET)

Jan 3, 2019 · 6:33 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^F1	Dec 31, 2018	M	12,710	$0.00	A	92,937	D
Common Stock	Dec 31, 2018	D	12,710	$6.49	D	80,227	D
Common Stock	Dec 31, 2018	M	12,710	$0.00	A	92,937	D
Common Stock^F2	Dec 31, 2018	F	3,769	$6.49	D	89,168	D
Common Stock	holding	—	—		—	4,618	I	401(k) Account

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
2016 Performance Units - 50% Cash^F3,F4,F1	—	Dec 31, 2018	M	8,951	D	Dec 31, 2018	Dec 31, 2018	Common Stock	8,951	0	D
2016 Performance Units - 50% Stock^F3,F5,F6	—	Dec 31, 2018	M	8,951	D	Dec 31, 2018	Dec 31, 2018	Common Stock	8,951	0	D

F1Each Performance Unit paid in cash is the economic equivalent of the vesting 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.