SEC Form 4 · accession 0000928022-19-000046
CALLON PETROLEUM CO · CPE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Correne S Loeffler
Officer — VP - Finance and Treasurer
Period of report
Mar 1, 2019
Accepted (ET)
Mar 4, 2019 · 3:48 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 | Mar 1, 2019 | M | 11,667 | $0.00 | A | 20,120 | D | |
| Common StockF1 | Mar 1, 2019 | F | 3,404 | $7.74 | D | 16,716 | D | |
| Common Stock | holding | — | — | — | 728 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2017 RSU - Stock (Inducement Award)F2,F3 | — | Mar 1, 2019 | M | 11,667 | D | Mar 1, 2018 | Mar 1, 2020 | Common Stock | 11,667 | 11,666 | D |
Explanation of responses
- F1Payment of tax liability by withholding Common Stock incident to vesting of Common Stock award issued in accordance with Rule 16b-3.
- F2This inducement award was granted when Ms. Loeffler joined Callon Petroleum Company on April 24, 2017. The award is subject to three-year ratable vesting with one-third vesting each year subsequent to the award year. The first tranche vested on March 1, 2018. The second tranche vested on March 1, 2019. The third and final tranche will vest on March 1, 2020.
- F3Restricted Stock Units convert into Common Stock on a one-for-one basis.