0000928022-12-000058.txt : 20120514 0000928022-12-000058.hdr.sgml : 20120514 20120514184959 ACCESSION NUMBER: 0000928022-12-000058 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20120510 FILED AS OF DATE: 20120514 DATE AS OF CHANGE: 20120514 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: BORRELLO VINCENT CENTRAL INDEX KEY: 0001356506 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-14039 FILM NUMBER: 12840404 MAIL ADDRESS: STREET 1: 405 N MARIENFIELD STREET 2: SUITE 200 CITY: MIDLAND STATE: TX ZIP: 79701 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: CALLON PETROLEUM CO CENTRAL INDEX KEY: 0000928022 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] IRS NUMBER: 640844345 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 200 N CANAL ST CITY: NATCHEZ STATE: MS ZIP: 39120 BUSINESS PHONE: 6014421601 MAIL ADDRESS: STREET 1: 200 N CANAL ST CITY: NATCHEZ STATE: MS ZIP: 39120 FORMER COMPANY: FORMER CONFORMED NAME: CALLON PETROLEUM HOLDING CO DATE OF NAME CHANGE: 19940805 4 1 bor876.xml X0305 4 2012-05-10 0 0000928022 CALLON PETROLEUM CO CPE 0001356506 BORRELLO VINCENT 200 NORTH CANAL STREET NATCHEZ MS 391203212 0 1 0 0 VP/General Mgr - Permian Common Stock 2012-05-11 5 A 0 1008 5.07 A 1008.00 I 401(k) Account Common Stock 11032.00 D 2012 Phantom Shares 5.09 2012-05-10 5 A 0 26690 0 A 2014-12-31 2014-12-31 Common Stock 26690.00 26690.00 D 2012 Restricted Stock Units - Cash 5.09 2012-05-10 5 A 0 4004 0 A 2015-05-08 2015-05-08 Common Stock 4004.00 4004.00 D 2012 Restricted Stock Units - Stock 5.09 2012-05-10 5 A 0 22687 0 A 2015-05-08 2015-05-01 Common Stock 22687.00 22687.00 D 2011 Restricted Stock Units 7.81 2011-10-04 2014-04-04 Common Stock 30000.00 30000.00 D 2011 Restricted Stock Units - Cash 7.01 2012-05-12 2014-05-12 Common Stock 3000.00 3000.00 D 2011 Restricted Stock Units - Stock 7.01 2012-05-12 2014-05-12 Common Stock 17000.00 17000.00 D The number of shares reported is calculated by dividing the total market value of the reporting person's 401(k) account balance invested in the Callon Petroleum Company Employee Savings and Protection Plan on the day prior to this Form 4 reporting date by the closing market price-per-share on that date. This Phantom Share award is subject to vesting on December 31, 2014 and is payable in cash rather than stock. In addition, the award is subject to a variable percentage payout based on a performance criteria related to the Total Shareholder Return of the Company compared to a group of peer companies. Therefore this award can range from 0% to as much as 150% of its original value at the vesting date. Restricted Stock Units will vest on the third anniversary date following the grant date. Payment will be made in cash based on the average of the opening and closing market price of the underlying common stock on the date of vesting. Restricted Stock Units will vest on the third anniversary date following the grant date. Payment will be made in shares of common stock of the issuer based on the average of the opening and closing market price of the underlying common stock on the date of vesting. The recipient has the option to surrender shares necessary to pay a portion of the income taxes associated with the vesting. The restricted stock units will vest 1/3 on each anniversary date beginning April 4, 2012, assuming continued employment. Restricted Stock Units will vest on the third anniversary date following the grant date. Payment will be made in shares of common stock of the issuer based on the average of the opening and closing market price of the underlying common stock on the date of vesting. By: Clay V. Bland as Attorney-in-fact for 2012-05-14