CALLON PETROLEUM CO 4
4 · CALLON PETROLEUM CO · Filed Jan 4, 2017
Insider Transaction Report
Form 4
CALLON FRED L
DirectorChairman, President, CEO
Transactions
- Exercise/Conversion
Common Stock
2016-12-31+197,832→ 635,552 total - Disposition to Issuer
Common Stock
2016-12-31$15.37/sh−197,832$3,040,678→ 437,720 total - Exercise/Conversion
2014 Phantom Units - Performance Based
2016-12-31−98,916→ 0 totalFrom: 2016-12-31Exp: 2016-12-31→ Common Stock (98,916 underlying)
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 200% 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, 2016 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.