Filing Details

Accession Number:
0000928022-20-000039
Form Type:
4
Zero Holdings:
No
Publication Time:
2020-03-05 17:19:58
Reporting Period:
2020-03-04
Accepted Time:
2020-03-05 17:19:58
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
928022 Callon Petroleum Co CPE Crude Petroleum & Natural Gas (1311) 640844345
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1008023 A Steven Webster 2000 W. Sam Houston Pkwy. S.
Suite 2000
Houston TX 77042
Yes No No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Acquisiton 2020-03-04 200,000 $1.96 243,750 No 4 P Indirect by San Felipe Resources Company
Common Stock Acquisiton 2020-03-05 100,000 $1.79 343,750 No 4 P Indirect by San Felipe Resources Company
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Indirect by San Felipe Resources Company
No 4 P Indirect by San Felipe Resources Company
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock 5,344,924 Direct
Common Stock 595,000 Indirect by wife
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Common Stock Phantom Stock Units $0.00 4,866 4,866 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
4,866 4,866 Direct
Footnotes
  1. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $1.92 to $2.00, inclusive. The reporting person undertakes to provide to Callon Petroleum Company ("CPE"), any security holder of CPE, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in footnotes 1 and 3 to this Form 4.
  2. Shares owned by San Felipe Resources Company, a partnership in which the reporting person has a 100% pecuniary interest in which the reporting person and his spouse are the general partners.
  3. The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $1.775 to $1.79, inclusive.
  4. The reporting person elected to defer his 2019 director retainer pursuant to CPE's Deferred Compensation Plan for Outside Directors (the "Plan"). Under the Plan, all deferrals are converted to CPE Phantom Stock Units. Each Phantom Stock Unit is the economic equivalent of one share of CPE Common Stock.
  5. The number of Phantom Stock Units issued is the amount of cash compensation deferred divided by the closing price of CPE common stock on the grant date, which was $4.11 on January 13, 2020.
  6. Each Phantom Stock Unit is the economic equivalent of one share of CPE Common Stock.
  7. The Phantom Stock Units will be paid upon the reporting person's retirement from CPE's Board of Directors pursuant to the Plan. The reporting person has elected to have his Phantom Stock Units distributed in cash.