BORRELLO VINCENT 4
4 · CALLON PETROLEUM CO · Filed May 11, 2012
Insider Transaction Report
Form 4
BORRELLO VINCENT
VP/General Mgr - Permian
Transactions
- Exercise/Conversion
Common Stock
2012-04-04$7.81/sh+15,000$117,150→ 15,000 total - Tax Payment
Common Stock
2012-04-04$6.13/sh−3,968$24,324→ 11,032 total - Exercise/Conversion
2011 Restricted Stock Units
2012-04-04$6.13/sh−15,000$91,950→ 30,000 totalExercise: $7.81From: 2011-10-04Exp: 2014-04-04→ Common Stock (15,000 underlying)
Holdings
- 3,000
2011 Restricted Stock Units - Cash
Exercise: $7.01From: 2012-05-12Exp: 2014-05-12→ Common Stock (3,000 underlying) - 17,000
2011 Restricted Stock Units - Stock
Exercise: $7.01From: 2012-05-12Exp: 2014-05-12→ Common Stock (17,000 underlying)
Footnotes (3)
- [F1]The restricted stock units will vest 1/3 on each anniversary date beginning April 4, 2012, assuming continued employment.
- [F2]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.
- [F3]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.