SEC Form 4 · accession 0000928022-19-000031

CALLON PETROLEUM CO · CPE

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

Reporting owner

Officer — President and CEO · Director

Period of report

Jan 31, 2019

Accepted (ET)

Feb 4, 2019 · 5:42 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	—	—		—	22,218	I	401(k) Account
Common Stock	holding	—	—		—	222,935	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
2019 RSU - Stock^F1,F2,F3	—	Jan 31, 2019	A	211,301	A	Apr 1, 2020	Apr 1, 2022	Common Stock	211,301	211,301	D
2019 Performance Units - 50% Stock/50% Cash^F4,F5	—	Jan 31, 2019	A	316,954	A	Dec 31, 2021	Dec 31, 2021	Common Stock	316,954	316,954	D

F1On January 31, 2019, the reporting person was granted 211,301 Restricted Stock Units with one-third vesting each year subsequent to the award year.
F2Restricted Stock Units convert into Common Stock on a one-for-one basis.
F3The award terms specify three-year ratable vesting with one-third vesting each year subsequent to the award year. The first tranche will vest on April 1, 2020. The second tranche will vest on April 1, 2021. The third and final tranche will vest on April 1, 2022.
F4This 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.
F5Each Performance Unit is the economic equivalent of one share of the Company's Common Stock.