SEC Form 5 · accession 0000928022-19-000018
CALLON PETROLEUM CO · CPE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
L Richard Flury
Director
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 | holding | — | — | — | 30,000 | I | Joint Tenant with Spouse | |
| Common Stock | holding | — | — | — | 132,999 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom Stock UnitsF1,F2,F3 | — | May 10, 2018 | A | 14,124 | A | — | — | Phantom Stock Units | 14,124 | 14,124 | D |
| Phantom Stock Units.F1,F2,F4 | — | holding | — | — | — | — | — | Phantom Stock Units | 33,784 | 33,784 | D |
Explanation of responses
- F1Mr. Flury elected to defer his annual director retainer and Chairman's fee pursuant to the Company's Deferred Compensation Plan for Outside Directors (the "Plan"). Under the Plan, all deferrals are converted to CPE Phantom Stock Units. Each Phantom Stock Unit is the economic equivalent of one share of CPE common stock.
- F2The Phantom Stock Units will be paid upon the Director's retirement from the Company's Board of Directors pursuant to the Plan. The reporting person has elected to have his Phantom Stock Units distributed in cash.
- F3The number of Phantom Stock Units issued is the amount of cash compensation deferred divided by the closing price of CPE on the grant date, which was $14.16 on May 10, 2018.
- F4Represents an aggregate amount of Phantom Stock Units which the reporting person inadvertently excluded in prior filings, awarded for the annual periods ending 2014, 2015, 2016 and 2017. The number of Phantom Stock Units issued is the amount of cash deferred divided by the closing price of CPE on the grant date.