FLURY L RICHARD 4
4 · Callon Petroleum Co · Filed May 11, 2020
Insider Transaction Report
Form 4
FLURY L RICHARD
Director
Transactions
- Exercise/Conversion
Phantom Stock Units.
2020-05-10+3,706→ 155,590 total→ Common Stock (3,706 underlying) - Exercise/Conversion
2019 RSU - Stock
2020-05-09−20,370→ 0 total→ Common Stock (20,370 underlying) - Exercise/Conversion
Phantom Stock Units
2020-05-09+20,370→ 151,884 total→ Common Stock (20,370 underlying) - Exercise/Conversion
2017 RSU - Stock
2020-05-10−3,706→ 0 total→ Common Stock (3,706 underlying)
Holdings
- 30,000(indirect: By Spouse)
Common Stock
- 132,999
Common Stock
Footnotes (4)
- [F1]On May 9, 2019, the reporting person was granted 20,370 Restricted Stock Units ("RSUs") that cliff vested on the one year anniversary date following the grant date, or the date of the Company's 2020 Annual Shareholders Meeting, whichever occurred first. The reporting person elected that upon vesting, these RSUs convert into Phantom Stock Units payable upon retirement.
- [F2]Each Phantom Stock Unit is the economic equivalent of one share of CPE Common Stock.
- [F3]The Phantom Stock Units will be paid upon the Director's retirement from the Company's Board of Directors pursuant to the Plan. The reporting person has elected to have his Phantom Stock Units distributed in cash.
- [F4]On May 10, 2017, the reporting person was granted 11,120 RSUs with one-third vesting on each anniversary date following the grant date. The first tranche vested on May 10, 2018. The second tranche vested on May 10, 2019. The third and final tranche vested on May 10, 2020. The reporting person elected that upon vesting these RSUs convert into Phantom Stock Units payable upon retirement.