SEC Form 4 · accession 0001654954-17-004600
CALLON PETROLEUM CO · CPE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
L Richard Flury
Director
Period of report
May 10, 2017
Accepted (ET)
May 12, 2017 · 4:41 pm EDT
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 StockF1 | holding | — | — | — | 132,999 | D | ||
| Common StockF2 | holding | — | — | — | 30,000 | I | Joint Tenant with Spouse |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2017 RSU - StockF3,F4,F5 | — | May 10, 2017 | A | 11,120 | A | — | — | Phantom Stock Units Payable in Cash | 11,120 | 11,120 | D |
Explanation of responses
- F1The number of shares directly held by the reporting person are reported on this Form 4 for the purpose of disclosing beneficial ownership.
- F2The number of shares indirectly held by the reporting person are reported on this Form 4 for the purpose of disclosing beneficial ownership.
- F3These units/shares are subject to three-year ratable vesting with one-third vesting on each anniversary date following the grant date. The reporting person elected that upon vesting these Restricted Stock Units convert into Phantom Stock Units Payable in Cash at retirement.
- F4Restricted stock units convert into common stock on a one-for-one basis.
- F5On May 10, 2017, the reporting person was granted 11,120 restricted stock units with one-third vesting on each anniversary date following the grant date.