CALLON PETROLEUM CO 4
4 · CALLON PETROLEUM CO · Filed Jan 3, 2014
Insider Transaction Report
Form 4
WEIHE JOHN G
VP - EXPLORATION
Transactions
- Exercise/Conversion
Common Stock
2013-12-31+10,000→ 35,633 total - Disposition to Issuer
Common Stock
2013-12-31$6.53/sh−10,000$65,300→ 25,633 total - Exercise/Conversion
2011 Phantom Units - Performance Based
2013-12-31−10,000→ 0 totalFrom: 2013-12-31Exp: 2013-12-31→ Common Stock (10,000 underlying)
Holdings
- 81,776(indirect: By 401(k))
Common Stock
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 10,000 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.