Craddock James E 4
4 · Callon Petroleum Co · Filed Apr 1, 2024
Insider Transaction Report
Form 4
Craddock James E
Director
Transactions
- Disposition to Issuer
Phantom Stock Units
2024-04-01−9,896→ 0 total→ Common Stock (9,896 underlying)
Footnotes (1)
- [F1]Pursuant to the Agreement and Plan of Merger, dated as of January 3, 2024 (the "Merger Agreement"), by and between APA Corporation ("APA"), Astro Comet Merger Sub Corp., a wholly owned subsidiary of APA ("Merger Sub"), and Callon Petroleum Company (the "Company"), Merger Sub merged with and into the Company (the "Merger"), with the Company surviving and continuing as the surviving corporation in the Merger. Pursuant to the Merger Agreement, at the effective time of the Merger (the "Effective Time"), each phantom stock unit immediately vested in full and converted into the right to receive an amount in cash determined in accordance with the terms of the Company stock plans and the applicable award agreement, payable by the surviving corporation no later than five business days following the Effective Time, less any required withholding.