CALLON PETROLEUM CO 4

4 · CALLON PETROLEUM CO · Filed May 16, 2017

Form 4

Period: 2017-05-12

Director

Transactions

Exercise/Conversion
2016 RSU - Stock
[F1][F2][F3]
2017-05-12−4,110→ 8,219 total
→ Phantom Stock Units Payable in Cash (4,110 underlying)
Exercise/Conversion
Phantom Stock Units Payable in Cash
[F4]
2017-05-12+4,110→ 94,217 total
Exercise: $0.00→ Stock Units Payable in Cash (4,110 underlying)
Exercise/Conversion
2014 RSU - Stock
[F1][F2][F5]
2017-05-14−4,183→ 0 total
→ Phantom Stock Units Payable in Cash (4,183 underlying)
Exercise/Conversion
Phantom Stock Units Payable in Cash
[F4]
2017-05-14+4,183→ 98,400 total
Exercise: $0.00→ Stock Units Payable in Cash (4,183 underlying)
Exercise/Conversion
2015 RSU - Stock
[F1][F2][F6]
2017-05-15−4,990→ 4,990 total
→ Phantom Stock Units Payable in Cash (4,990 underlying)
Exercise/Conversion
Phantom Stock Units Payable in Cash
[F4]
2017-05-15+4,990→ 103,390 total
Exercise: $0.00→ Stock Units Payable in Cash (4,990 underlying)

Footnotes (6)

[F1]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.
[F2]Restricted stock units convert into common stock on a one-for-one basis.
[F3]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.
[F4]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.
[F5]On May 14, 2014, the reporting person was granted 12,550 restricted stock units with one-third vesting on each anniversary date following the grant date.
[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.

Signature

Clay V. Bland as Attorney-in-fact|2017-05-16

Documents

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