4//SEC Filing
CALLON PETROLEUM CO 4
Accession 0000928022-15-000016
CIK 0000928022operating
Filed
Jan 4, 7:00 PM ET
Accepted
Jan 5, 5:30 PM ET
Size
9.2 KB
Accession
0000928022-15-000016
Insider Transaction Report
Form 4
WEIHE JOHN G
VP - EXPLORATION
Transactions
- Disposition to Issuer
Common Stock
2014-12-31$5.45/sh−15,750$85,838→ 38,757 total - Exercise/Conversion
2012 Phantom Shares
2014-12-31−10,500→ 0 totalFrom: 2014-12-31Exp: 2014-12-31→ Common Stock (10,500 underlying) - Exercise/Conversion
Common Stock
2014-12-31+15,750→ 54,507 total
Footnotes (2)
- [F1]The terms of this Phantom Unit award specify payment in cash rather than in stock, and includes a provision providing for a variable percentage payout (ranging from 0% to 200%) based on a performance criteria related to the Total Shareholder Return of the Company compared to a group of peer companies. On the vesting date, the reporting person's Phantom Shares held vested at the 150% level. The amount payable was based on the economic value of one share of Callon Petroleum Company common stock, calculated using the closing price on the vesting 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 200% 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 4, 7:00 PM ET
- Accepted
- Jan 5, 5:30 PM ET
- Size
- 9.2 KB