0001654954-17-004787.txt : 20170515 0001654954-17-004787.hdr.sgml : 20170515 20170515180736 ACCESSION NUMBER: 0001654954-17-004787 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20170511 FILED AS OF DATE: 20170515 DATE AS OF CHANGE: 20170515 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 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Gatto Joseph C. Jr. CENTRAL INDEX KEY: 0001546647 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-14039 FILM NUMBER: 17846374 MAIL ADDRESS: STREET 1: 200 NORTH CANAL STREET CITY: NATCHEZ STATE: MS ZIP: 39120 4 1 section16.xml PRIMARY DOCUMENT X0306 4 2017-05-11 0000928022 CALLON PETROLEUM CO CPE 0001546647 Gatto Joseph C. Jr. 200 NORTH CANAL STREET NATCHEZ MS 39120 true President and CFO Common Stock 2017-05-14 2017-05-14 4 M false 20482 0 A 129239 D Common Stock 2017-05-14 2017-05-14 4 F false 8593 12.45 D 120646 D Common Stock 2017-05-14 2017-05-14 4 M false 3614 A 124260 D Common Stock 2017-05-14 2017-05-14 4 D false 3614 12.45 D 120646 D Common Stock 18745 I 401(k) Account 2014 RSU - Stock 0 2017-05-14 4 M false 20482 0 D 2017-05-14 2017-05-14 Common Stock 20482 0 D 2014 Phantom Units 2017-05-14 4 M false 3614 D 2017-05-14 2017-05-14 Common Stock 3614 0 D 2017 RSU - Stock 0 2017-05-11 4 A false 42868 0 A 2020-05-11 2020-05-11 Common Stock 42868 42868 D 2017 Performance Based Units - 50% Stock/50% Cash 2017-05-11 4 A false 64304 0 A 2019-12-31 2019-12-31 Common Stock 64304 64304 D The terms of this Phantom Unit award specify payments in cash rather than in common shares. The value of each vested unit is equal to the economic value of one share of Callon Petroleum Company common stock at its closing price on the vesting date. The number of shares indirectly held by the reporting person are reported on this Form 4 for the purpose of disclosing beneficial ownership. 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 Employer Stock Fund on the date of the earliest transaction reported on this Form 4 by the closing market price-per-share on that date. The award terms specify cliff vesting three years from the date of the award. The award terms specify cliff vesting on December 31, 2019. This Performance Based Unit award is 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. The number of units subject to vest under this award can range from 0% to as much as 200%. The award terms also specify that upon vesting 50% of the vested units will be payable in common shares and 50% will be payable in cash. Each unit is the economic equivalent of one share of the company's common stock. Clay V. Bland as Attorney-in-fact 2017-05-15