4//SEC Filing
CALLON PETROLEUM CO 4
Accession 0000928022-14-000007
CIK 0000928022operating
Filed
Jan 2, 7:00 PM ET
Accepted
Jan 3, 12:56 PM ET
Size
11.7 KB
Accession
0000928022-14-000007
Insider Transaction Report
Form 4
WEATHERLY B F
DirectorExecutive Vice President/ CFO
Transactions
- Exercise/Conversion
2011 Phantom Shares
2013-12-31−37,500→ 0 totalFrom: 2013-12-31Exp: 2013-12-31→ Common Stock (37,500 underlying) - Exercise/Conversion
Common Stock
2013-12-31+37,500→ 135,874 total - Disposition to Issuer
Common Stock
2013-12-31$6.53/sh−37,500$244,875→ 98,374 total
Holdings
- 51,658(indirect: By 401(k))
Common Stock
- 66,526(indirect: By Spouse)
Common Stock
- 2,288(indirect: By IRA)
Common Stock
- 250
Preferred Stock - Series A
Footnotes (2)
- [F1]The terms of this Phantom Share award specify payment in cash rather than stock, and included a provision providing for a variable percentage payout (ranging from 0% to 150%) based on a performance criteria related to the Total Shareholder Return of the Company compared to a group of peer companies. On December 31, 2013, the reporting person's 2011 Phantom Shares held vested at the 100% level, or the equivalent of 37,500 shares of common stock of Callon Petroleum Company. The amount payable was based on the economic value of one share of Callon Petroleum Company common stock, calculated as the average of the opening and closing price on the vesting date (or $6.53 on December 31, 2013).
- [F2]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.
Documents
Issuer
CALLON PETROLEUM CO
CIK 0000928022
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000928022
Filing Metadata
- Form type
- 4
- Filed
- Jan 2, 7:00 PM ET
- Accepted
- Jan 3, 12:56 PM ET
- Size
- 11.7 KB