ULM JAMES P II 4
4 · Callon Petroleum Co · Filed Jan 5, 2021
Insider Transaction Report
Form 4
ULM JAMES P II
Senior VP & CFO
Transactions
- Tax Payment
Common Stock
2020-12-31$13.16/sh−838$11,028→ 7,516 total - Exercise/Conversion
Common Stock
2021-01-01+3,000→ 10,516 total - Exercise/Conversion
2018 Performance Units - 50% Stock/50% Cash
2020-12-31−1,875→ 0 totalFrom: 2020-12-31Exp: 2020-12-31→ Common Stock (1,875 underlying) - Exercise/Conversion
2018 Performance Units - 50% Stock/50% Cash
2020-12-31−1,875→ 0 totalFrom: 2020-12-31Exp: 2020-12-31→ Common Stock (1,875 underlying) - Exercise/Conversion
2017 RSU - Stock (Inducement Award)
2021-01-01−3,000→ 0 total→ Common Stock (3,000 underlying) - Exercise/Conversion
Common Stock
2020-12-31+1,875→ 8,354 total - Disposition to Issuer
Common Stock
2020-12-31$13.16/sh−1,875$24,675→ 6,479 total - Tax Payment
Common Stock
2021-01-01$13.16/sh−1,340$17,634→ 9,176 total - Exercise/Conversion
Common Stock
2020-12-31+1,875→ 8,354 total
Holdings
- 57(indirect: By 401(k))
Common Stock
Footnotes (12)
- [F1]Reflects the 1-for-10 reverse split of the common stock, par value $0.01, of Callon Petroleum Company, effective August 7, 2020.
- [F10]The terms of this Performance Unit Award specify payment in stock.
- [F11]On December 11, 2017, the reporting person was granted 9,000 RSUs (adjusted to reflect the 1-for-10 reverse stock split of common stock described in Footnote 1) subject to three-year ratable vesting with one-third vesting each year subsequent to the award year. The first tranche vested on January 1, 2019. The second tranche vested on January 1, 2020. The third and final tranche vested on January 1, 2021.
- [F12]Each RSU is the economic equivalent of one share of Callon Petroleum Company's common stock.
- [F2]Each Performance Unit paid in cash is the economic equivalent of the vesting date closing price of one share of Callon Petroleum Company's common stock.
- [F3]Each Performance Unit paid in stock is the equivalent of one share of Callon Petroleum Company's common stock.
- [F4]Payment of tax liability by withholding common stock incident to vesting of Performance Unit award issued in accordance with Rule 16b-3.
- [F5]Restricted Stock Units ("RSUs") convert into common stock on a one-for-one basis.
- [F6]Payment of tax liability by withholding common stock incident to vesting of RSU award issued in accordance with Rule 16b-3.
- [F7]Each RSU is the economic equivalent of one share of Callon Petroleum Company's common stock at its closing price on the vesting date, or the preceding business day's closing price if the vesting date should fall on a weekend or holiday.
- [F8]This Performance Unit award was subject to a variable number of units vesting based on a performance criteria related to the total shareholder return of the Company compared to a group of peer companies over a 32 month period. The number of units subject to vest under this award ranged from 0% to 200%. On the vesting date, this Performance Unit award vested at the 50% level.
- [F9]The terms of this Performance Unit award specify payment in cash.