SEC Form 4 · accession 0001654954-17-004825
CALLON PETROLEUM CO · CPE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John C Wallace
Director
Period of report
May 12, 2017
Accepted (ET)
May 16, 2017 · 1:04 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000928022
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2016 RSU - StockF1,F2,F3 | — | May 12, 2017 | M | 4,110 | D | — | — | Phantom Stock Units Payable in Cash | 4,110 | 8,219 | D |
| Phantom Stock Units Payable in CashF4 | $0.00 | May 12, 2017 | M | 4,110 | A | — | — | Stock Units Payable in Cash | 4,110 | 94,217 | D |
| 2014 RSU - StockF1,F2,F5 | — | May 14, 2017 | M | 4,183 | D | — | — | Phantom Stock Units Payable in Cash | 4,183 | 0 | D |
| Phantom Stock Units Payable in CashF4 | $0.00 | May 14, 2017 | M | 4,183 | A | — | — | Stock Units Payable in Cash | 4,183 | 98,400 | D |
| 2015 RSU - StockF1,F2,F6 | — | May 15, 2017 | M | 4,990 | D | — | — | Phantom Stock Units Payable in Cash | 4,990 | 4,990 | D |
| Phantom Stock Units Payable in CashF4 | $0.00 | May 15, 2017 | M | 4,990 | A | — | — | Stock Units Payable in Cash | 4,990 | 103,390 | D |
Explanation of responses
- F1These 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.
- F2Restricted stock units convert into common stock on a one-for-one basis.
- F3On 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.
- F4Phantom 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.
- F5On 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.
- F6On 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.