BORRELLO VINCENT 4

Accession 0000928022-12-000058

CIK 0000928022other

View on SEC.gov Company Profile

Filed

May 13, 8:00 PM ET

Accepted

May 14, 6:49 PM ET

Size

18.0 KB

Accession

0000928022-12-000058

Insider Transaction Report

Form 4

Period: 2012-05-10

CALLON PETROLEUM COCPE

BORRELLO VINCENT

VP/General Mgr - Permian

Transactions

Award
Common Stock
2012-05-11$5.07/sh+1,008$5,111→ 1,008 total(indirect: By 401(k))
Award
2012 Phantom Shares
2012-05-10+26,690→ 26,690 total
Exercise: $5.09From: 2014-12-31Exp: 2014-12-31→ Common Stock (26,690 underlying)
Award
2012 Restricted Stock Units - Cash
2012-05-10+4,004→ 4,004 total
Exercise: $5.09From: 2015-05-08Exp: 2015-05-08→ Common Stock (4,004 underlying)
Award
2012 Restricted Stock Units - Stock
2012-05-10+22,687→ 22,687 total
Exercise: $5.09From: 2015-05-08Exp: 2015-05-01→ Common Stock (22,687 underlying)

Holdings

Common Stock
11,032
2011 Restricted Stock Units
Exercise: $7.81From: 2011-10-04Exp: 2014-04-04→ Common Stock (30,000 underlying)
30,000
2011 Restricted Stock Units - Cash
Exercise: $7.01From: 2012-05-12Exp: 2014-05-12→ Common Stock (3,000 underlying)
3,000
2011 Restricted Stock Units - Stock
Exercise: $7.01From: 2012-05-12Exp: 2014-05-12→ Common Stock (17,000 underlying)
17,000

Footnotes (6)

[F1]The number of shares reported is calculated by dividing the total market value of the reporting person's 401(k) account balance invested in the Callon Petroleum Company Employee Savings and Protection Plan on the day prior to this Form 4 reporting date by the closing market price-per-share on that date.
[F2]This Phantom Share award is subject to vesting on December 31, 2014 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.
[F3]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.
[F4]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. The recipient has the option to surrender shares necessary to pay a portion of the income taxes associated with the vesting.
[F5]The restricted stock units will vest 1/3 on each anniversary date beginning April 4, 2012, assuming continued employment.
[F6]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.

Documents

1 file

4
bor876.xmlPrimary

Issuer

CALLON PETROLEUM CO

CIK 0000928022

→

Entity typeother

Related Parties

filerCIK 0001356506

Filing Metadata

Form type: 4
Filed: May 13, 8:00 PM ET
Accepted: May 14, 6:49 PM ET
Size: 18.0 KB

View on SEC.gov