SEC Form 4 · accession 0000928022-19-000028
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 31, 2019
Accepted (ET)
Feb 4, 2019 · 5:34 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 | — | — | — | 133 | I | 401(k) Shares |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2019 Performance Units - 50% Stock/50% CashF1,F2 | — | Jan 31, 2019 | A | 128,378 | A | Dec 31, 2021 | Dec 31, 2021 | Common Stock | 128,378 | 128,378 | D |
Explanation of responses
- F1This Performance Unit award is subject to a variable number of Performance Units vesting based on performance criteria related to the total shareholder return of the Company compared to a group of peer companies. The number of Performance Units subject to vest under this award can range from as little as 0% to as much as 200%. The award terms specify that upon vesting 50% of the vested Performance Units will be payable in Common Stock and 50% will be payable in cash.
- F2Each Performance Unit is the economic equivalent of one share of the Company's Common Stock.