CALLON PETROLEUM CO 4
4 · CALLON PETROLEUM CO · Filed Jan 5, 2015
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.