WALLACE JOHN C 4
4 · CALLON PETROLEUM CO · Filed May 14, 2018
Insider Transaction Report
Form 4
WALLACE JOHN C
Director
Transactions
- Exercise/Conversion
Common Stock
2018-05-10+11,120→ 11,120 total - Exercise/Conversion
2017 RSU - Stock
2018-05-10−11,120→ 0 total→ Common Stock (11,120 underlying) - Exercise/Conversion
2016 RSU - Stock
2018-05-10−8,219→ 0 total→ Phantom Stock Units Payable in Cash (8,219 underlying) - Exercise/Conversion
Phantom Stock Units Payable in Cash
2018-05-10+8,219→ 111,609 totalExercise: $0.00→ Deferred Stock Units Payable in Cash (8,219 underlying) - Exercise/Conversion
2015 RSU - Stock
2018-05-10−4,990→ 0 total→ Phantom Stock Units Payable in Cash (4,990 underlying) - Exercise/Conversion
Phantom Stock Units Payable in Cash
2018-05-10+4,990→ 116,599 totalExercise: $0.00→ Deferred Stock Units Payable in Cash (4,990 underlying) - Disposition to Issuer
Deferred Stock Units Payable in Cash
2018-05-10−116,599→ 0 total→ Cash (116,599 underlying)
Footnotes (8)
- [F1]Restricted stock units convert into common stock on a one-for-one basis.
- [F2]On May 10, 2017, the reporting person was granted 11,120 restricted stock units with one-third vesting on each anniversary date following the grant date. The Compensation Committee accelerated the reporting person's vesting as of his retirement on May 10, 2018.
- [F3]These units/shares are subject to three-year ratable vesting with one-third vesting on each anniversary date following the grant date. The reporting person elected that upon vesting these restricted stock units convert into Phantom Stock Units Payable in Cash at retirement pursuant to Callon Petroleum Company's deferred compensation plan for outside directors.
- [F4]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. The Compensation Committee accelerated the reporting person's vesting as of his retirement on May 10, 2018.
- [F5]Phantom Stock Units Payable in Cash will be paid upon the Director's retirement from the company's Board of Directors pursuant to Callon Petroleum Company's deferred compensation plan for outside directors.
- [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. The Compensation Committee accelerated the reporting person's vesting as of his retirement on May 10, 2018.
- [F7]Each Deferred Stock Unit Payable in Cash was the economic equivalent of the vesting closing price of one share of Callon Petroleum Company's common stock which was $14.16 on May 10, 2018.
- [F8]Deferred Stock Units Payable in Cash were paid in cash upon Mr. Wallace's retirement from the Board of Directors on May 10, 2018 pursuant to Callon Petroleum Company's deferred compensation plan for outside directors.