CALLON PETROLEUM CO 4

4 · CALLON PETROLEUM CO · Filed Jul 15, 2005

Form 4

Period: 2005-07-14

Vice-President, Engineering

Transactions

Exercise/Conversion
Common Stock
2005-07-14$16.51/sh+3,500$57,785→ 6,151 total
Tax Payment
Common Stock
2005-07-14$16.51/sh−1,626$26,845→ 4,525 total
Exercise/Conversion
2004 Performance Shares
2005-07-14$16.51/sh−3,500$57,785→ 14,000 total
Exercise: $13.71From: 2005-05-05Exp: 2014-07-14→ Common Stock (3,500 underlying)

Holdings

Stock Option (Right to Buy)
Exercise: $3.70From: 2003-02-24Exp: 2012-08-23→ Common Stock (2,241 underlying)
2,241
Stock Option (Right to Buy)
Exercise: $4.50From: 2003-01-13Exp: 2012-07-12→ Common Stock (3,333 underlying)
3,333
Stock Option (Right to Buy)
Exercise: $12.00From: 1997-02-23Exp: 2006-08-23→ Common Stock (22,000 underlying)
22,000
Common Stock
(indirect: By 401(k))
86

Footnotes (4)

[F1]Represents shares acquired as a result of partial vesting of Performance Stock previously awarded - see corresponding derivative transaction.
[F2]Represents disposition of shares previously reported and subject to certain vesting provisions. Issuer withheld shares to satisfy federal and state withholding tax liability associated with fair market value of securities vested.
[F3]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.
[F4]Performance Stock awarded July 14, 2004. These shares vest in five equal annual installments beginning on July 14, 2005.

Documents

1 file