Filing Details
- Accession Number:
- 0001013594-19-000703
- Form Type:
- 13D Filing
- Publication Date:
- 2019-11-18 17:20:17
- Filed By:
- Paulson & Co
- Company:
- Callon Petroleum Co (NYSE:CPE)
- Filing Date:
- 2019-11-18
- SEC Url:
- 13D Filing
Ownership Summary
Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.
Name | Sole Voting Power | Shared Voting Power | Sole Dispositive Power | Shared Dispositive Power | Aggregate Amount Owned Power | Percent of Class |
---|---|---|---|---|---|---|
Paulson Co. Inc | 10,338,663 | 0 | 10,338,663 | 0 | 10,338,663 | 4.5% |
Filing
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
(RULE 13D - 101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO 13d-2(a)
(Amendment No. 3)*
Callon Petroleum Company
(Name of Issuer)
Ordinary stock, par value $0.01
(Title of Class of Securities)
13123X102
(CUSIP Number)
Christopher P. Davis, Esq.
Kleinberg, Kaplan, Wolff & Cohen, P.C.
551 Fifth Avenue, New York, New York 10176
Tel. (212) 986-6000
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
November 14, 2019
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of
Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box [ ].
Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties to whom copies
are to be sent.
*The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent
amendment containing information which would alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 or otherwise
subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
1. | NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) |
Paulson & Co. Inc. | |
2. | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP |
(a) [ ] | |
(b) [ ] | |
3. | SEC USE ONLY |
4. | SOURCE OF FUNDS |
OO | |
5. | CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] |
6. | CITIZENSHIP OR PLACE OF ORGANIZATION |
Delaware | |
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: | |
7. | SOLE VOTING POWER |
10,338,663 (1) | |
8. | SHARED VOTING POWER |
0 | |
9. | SOLE DISPOSITIVE POWER |
10,338,663 (1) | |
10. | SHARED DISPOSITIVE POWER |
0 | |
11. | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
10,338,663 (1) | |
12. | CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [ ] |
13. | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) |
4.5% | |
14. | TYPE OF REPORTING PERSON |
IA, |
(1) See Note 1 to Item 5 below.
The following constitutes Amendment No. 3 to the Schedule 13D filed by the undersigned (“Amendment No. 3”). This Amendment No. 3 amends the Schedule 13D as
specifically set forth herein.
Item 4. | Purpose of Transaction. |
Item 4 of the Schedule 13D is hereby amended by adding the following:
On November 18, 2019, Paulson issued a press release announcing that it has dropped its opposition to the Proposed Transaction (the “November
18 Press Release”). The foregoing is qualified in its entirety by reference to the November 18 Press Release, the body of which is incorporated herein and attached hereto as Exhibit 99.6.
Item 5. | Interest in Securities of the Issuer. |
Item 5 of the Schedule 13D is hereby amended and restated in its entirety as follows:
(a) The aggregate percentage of Common Stock reported owned by the
Reporting Person is based upon 228,386,100 shares of Common Stock outstanding as of November 1, 2019, as disclosed in the Issuer’s Quarterly Report on Form 10-Q, filed with the Securities Exchange Commission on November 5, 2019. As of the date hereof,
the Reporting Person may be deemed to have beneficially owned approximately 4.5% of the outstanding Common Stock.
(b) Number of shares of Common Stock as to which Paulson has:
(i) Sole power to vote or direct the vote: 10,338,663 (see Note 1).
(ii) Shared power to vote or direct the vote: 0
(iii) Sole power to dispose or direct the disposition: 10,338,663 (see Note 1).
(iv) Shared power to dispose or direct the disposition: 0
(c) Except as set forth on Schedule 1 hereto, the Reporting
Person has not entered into any transactions in the Ordinary Shares during the past sixty days
(d) See Note 1.
(e) The Reporting Person ceased to own five percent (5%) or more of
Common Stock on November 14, 2019.
Note 1: Paulson, an investment advisor that is registered under the Investment Advisers Act of 1940, furnishes investment advice to and manages the Funds. In
its role as investment advisor, or manager, as the case may be, Paulson possesses voting and investment power over the securities of the Issuer described in this Schedule 13D that are owned by the Funds. The pecuniary interest of all securities
reported in this Schedule is owned by the Funds. Except for the purpose of determining beneficial ownership under Section 13(d) of the Securities Exchange Act of 1934, as amended, Paulson disclaims beneficial ownership of all securities reported in
this Schedule 13D.
For reporting purposes, the aggregate amount of Common Stock deemed to be beneficially owned by the Reporting Person is calculated based on an
aggregate of 10,338,663 shares of Common Stock held by the Reporting Person as of the date hereof.
Item 7. | Material to be Filed as Exhibits. |
Item 7 of the Schedule 13D is hereby amended by adding the following:
Ex. 99.6 Press Release, dated as of November 18, 2019, issued
by Paulson & Co. Inc.
SIGNATURES
After reasonable inquiry and to the best of its knowledge and belief, each of the undersigned certifies that the information with respect to it set forth in
this statement is true, complete, and correct.
Dated: November 18, 2019
PAULSON & CO. INC. | |||
By: | /s/ Michael D. Waldorf | ||
Name: | Michael D. Waldorf | ||
Title: | Authorized Signatory |
SCHEDULE 1
Transaction in Securities of the Issuer During the Past 60 Days
Date | Security | Amount of Shs. Bought/(Sold) | Approx. price ($) per Share1 |
11/14/2019 | Common Stock | (347,420) | $4.57 |
11/14/2019 | Common Stock | (446,000) | $4.55 |
11/14/2019 | Common Stock | (1,007,257) | $4.29 |
11/14/2019 | Common Stock | (1,438,081) | $4.30 |
11/14/2019 | Common Stock | (928,602) | $4.47 |
11/14/2019 | Common Stock | (3,850,000) | $4.37 |
11/15/2019 | Common Stock | (3,237,500) | $4.37 |
1 Price rounded to the
nearest cent per share.