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Filing Details

Accession Number:
0000928022-11-000091
Form Type:
4
Zero Holdings:
No
Publication Time:
2011-07-06 14:26:05
Reporting Period:
2011-07-05
Filing Date:
2011-07-06
Accepted Time:
2011-07-06 14:26:05
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
928022 Callon Petroleum Co CPE Crude Petroleum & Natural Gas (1311) 640844345
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1399000 P Mitzi Conn 200 North Canal Street
Natchez MS 391203212
Corporate Controller No Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Disposition 2011-07-05 4,903 $7.10 2,750 No 5 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 5 S Direct
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock 12,679 Indirect 401(k) Account
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Common Stock 2009 Restricted Stock Units - Cash $1.63 2,100 2,100 Direct
Common Stock 2009 Restricted Stock Units - Stock $1.63 11,900 11,900 Direct
Common Stock 2010 Phantom Shares $4.95 2010-11-08 2012-12-31 20,000 20,000 Direct
Common Stock 2010 Restricted Stock Units - Cash $4.95 2010-11-08 2013-05-07 4,500 4,500 Direct
Common Stock 2010 Restricted Stock Units - Stock $4.95 2010-11-08 2013-05-07 25,500 25,500 Direct
Common Stock 2011 Phantom Shares $7.01 2012-05-12 2013-12-31 15,000 15,000 Direct
Common Stock 2011 Restricted Stock Units - Cash $7.01 2012-05-12 2014-05-12 3,000 3,000 Direct
Common Stock 2011 Restricted Stock Units - Stock $7.01 2012-05-12 2014-05-12 17,000 17,000 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
2,100 2,100 Direct
11,900 11,900 Direct
2012-12-31 20,000 20,000 Direct
2013-05-07 4,500 4,500 Direct
2013-05-07 25,500 25,500 Direct
2013-12-31 15,000 15,000 Direct
2014-05-12 3,000 3,000 Direct
2014-05-12 17,000 17,000 Direct
Footnotes
  1. The number of shares reported is calculated by dividing the total market value of the reporting person's account balance within the Callon Petroleum Company Employee Savings and Protection Plan (401(k) Plan) on the day prior to this Form 4 reporting date by the closing market price per share on that day.
  2. Restricted Stock Units will vest 100% on the third anniversary date following the grant date. Payment will be made in cash based on the average of the opening and closing market price of the underlying common stock of the issuer on the date of vesting.
  3. Restricted Stock Units will vest 100% on the third anniversary date following the grant date. Payment will be made in shares of common stock of the issuer based on the average of the opening and closing market price of the underlying common stock on the date of vesting.
  4. This Phantom Share award is subject to vesting on December 31, 2012 and is payable in cash rather than stock. In addition, the award is subject to a variable percentage payout based on a performance criteria related to the Total Shareholder Return of the Company compared to a group of peer companies. Therefore this award can range from 0% to as much as 150% of its original value at the vesting date.
  5. Restricted Stock Units will vest on the third anniversary date following the grant date. Payment will be made in cash based on the average of the opening and closing market price of the underlying common stock of the issuer on the date of vesting.
  6. Restricted Stock Units will vest on the third anniversary date following the grant date. Payment will be made in shares of common stock of the issuer based on the average of the opening and closing market price of the underlying common stock on the date of vesting.
  7. This Phantom Share award is subject to vesting on December 31, 2013 and is payable in cash rather than stock. In addition, the award is subject to a variable percentage payout based on a performance criteria related to the Total Shareholder Return of the Company compared to a group of peer companies. Therefore this award can range from 0% to as much as 150% of its original value at the vesting date.
  8. Restricted Stock Units will vest on the third anniversary date following the grant date. Payment will be made in cash based on the average of the opening and closing market price of the underlying common stock on the date of vesting.
  9. Restricted Stock Units will vest on the third anniversary date following the grant date. Payment will be made in shares of common stock of the issuer based on the average of the opening and closing market price of the underlying common stock on the date of vesting.