SEC Form 4 · accession 0001654954-17-004815
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 12, 2017
Accepted (ET)
May 16, 2017 · 12:30 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2016 RSU - StockF3,F4,F5 | — | May 12, 2017 | M | 4,110 | D | — | — | Phantom Stock Units Payable in Cash | 4,110 | 8,219 | D |
| Phantom Stock Units Payable in CashF6 | $0.00 | May 12, 2017 | M | 4,110 | A | — | — | Stock Units Payable in Cash | 4,110 | 17,467 | D |
| 2014 RSU - StockF3,F4,F7 | — | May 14, 2017 | M | 4,183 | D | — | — | Phantom Stock Units Payable in Cash | 4,183 | 0 | D |
| Phantom Stock Units Payable in CashF6 | $0.00 | May 14, 2017 | M | 4,183 | A | — | — | Stock Units Payable in Cash | 4,183 | 21,650 | D |
| 2015 RSU - StockF3,F4,F8 | — | May 15, 2017 | M | 4,990 | D | — | — | Phantom Stock Units Payable in Cash | 4,990 | 4,990 | D |
| Phantom Stock Units Payable in CashF6 | $0.00 | May 15, 2017 | M | 4,990 | A | — | — | Stock Units Payable in Cash | 4,990 | 26,640 | 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 pursuant to Callon Petroleum Company's deferred compensation plan for outside directors.
- F4Restricted stock units convert into common stock on a one-for-one basis.
- F5On May 12, 2016, the reporting person was granted 12, 329 restricted stock units with one-third vesting on each anniversary date following the grant date.
- F6Phantom Stock Units Payable in Cash will be paid upon the Director's retirement from the company's Board of Directors pursuant to Callon Petroleum Company's deferred compensation plan for outside directors.
- F7On May 14, 2014, the reporting person was granted 12,550 restricted stock units with one-third vesting on each anniversary date following the grant date.
- F8On May 15, 2015, the reporting person was granted 14,970 restricted stock units with one-third vesting on each anniversary date following the grant date.