Barbara J. Faulkenberry - May 14, 2021 Form 4 Insider Report for Callon Petroleum Co (CPE)

Role
Director
Signature
/s/ Barbara J. Faulkenberry, by Michol L. Ecklund, Attorney-in-Fact
Stock symbol
CPE
Transactions as of
May 14, 2021
Transactions value $
$0
Form type
4
Date filed
5/17/2021, 05:44 PM
Previous filing
May 7, 2021
Next filing
Aug 5, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CPE Common Stock Options Exercise $0 +2.04K +30.13% $0.00 8.8K May 14, 2021 Direct F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction CPE 2021 RSU - Stock Award $0 +3.24K $0.00 3.24K May 14, 2021 Common Stock 3.24K Direct F2, F3
transaction CPE 2020 RSU - Stock Options Exercise $0 -2.04K -100% $0.00* 0 May 14, 2021 Common Stock 2.04K Direct F2, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects the 1-for-10 reverse split of the common stock, par value $0.01, of Callon Petroleum Company, effective August 7, 2020 (the "Reverse Stock Split").
F2 Restricted stock units ("RSUs") convert into common stock on a one-for-one basis.
F3 On May 14, 2021, the reporting person was granted 3,240 RSUs. The RSUs vest in full on the earlier of (i) the first anniversary of the grant date or (ii) the date of the Company's 2022 Annual Meeting of Shareholders.
F4 On June 8, 2020, the reporting person was granted 2,037 RSUs, as adjusted by the Reverse Stock Split, that vested in full on the earlier of (i) first anniversary date of the grant date or (ii) the date of the Company's 2021 Annual Meeting of Shareholders.