CALLON PETROLEUM CO 4

4 · CALLON PETROLEUM CO · Filed May 16, 2016

Form 4

Period: 2016-05-12

Director

Transactions

Exercise/Conversion
Phantom Stock Units Payable in Cash
2016-05-14+4,183→ 85,117 total
Exercise: $0.00→ Stock Units Payable in Cash (4,183 underlying)
Award
2016 RSU - Stock
2016-05-12+12,329→ 12,329 total
→ Phantom Stock Units Payable in Cash (12,329 underlying)
Exercise/Conversion
2014 RSU - Stock
2016-05-14−4,183→ 4,183 total
→ Phantom Stock Units Payable in Cash (4,183 underlying)
Exercise/Conversion
2013 RSU - Stock
2016-05-15−11,671→ 0 total
→ Phantom Stock Units Payable in Cash (11,671 underlying)
Exercise/Conversion
2015 RSU - Stock
2016-05-15−4,990→ 9,980 total
→ Phantom Stock Units Payable in Cash (4,990 underlying)
Exercise/Conversion
Phantom Stock Units Payable in Cash
2016-05-15+11,671→ 80,934 total
Exercise: $0.00→ Stock Units Payable in Cash (11,671 underlying)
Exercise/Conversion
Phantom Stock Units Payable in Cash
2016-05-15+4,990→ 90,107 total
Exercise: $0.00→ Stock Units Payable in Cash (4,990 underlying)

Footnotes (7)

[F1]These units/shares are subject to three-year ratable vesting with one-third vesting on each anniversary date following the grant date. The Director elected that upon vesting these Restricted Stock Units convert into Phantom Stock Units Payable in Cash at retirement.
[F2]Restricted stock units convert into common stock on a one-for-one basis.
[F3]On May 15, 2013, the reporting person was granted 35,014 restricted stock units with one-third vesting on each anniversary date following the grant date.
[F4]Phantom Stock Units Payable in Cash will be paid upon the Director's retirement from the company's Board of Directors.
[F5]On May 14, 2014, the reporting person was granted 12,550 restricted stock units with one-third vesting on each anniversary date following the grant date.
[F6]On May 15, 2015, the reporting person was granted 14,970 restricted stock units with one-third vesting on each anniversary date following the grant date.
[F7]On May 12, 2016, the reporting person was granted 12,329 restricted stock units with one-third vesting on each anniversary date following the grant date.

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