Gregory F. Conaway - Jan 1, 2022 Form 4 Insider Report for Callon Petroleum Co (CPE)

Role
Vice President & CAO
Signature
/s/ Gregory F. Conaway, by Leisa Munoz, Attorney-in-Fact
Stock symbol
CPE
Transactions as of
Jan 1, 2022
Transactions value $
-$34,729
Form type
4
Date filed
1/4/2022, 03:30 PM
Next filing
Mar 11, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CPE Common Stock Options Exercise $0 +1.65K +4.8% $0.00 35.9K Jan 1, 2022 Direct F1
transaction CPE Common Stock Tax liability -$34.7K -735 -2.05% $47.25 35.2K Jan 1, 2022 Direct F2, F3

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 2019 RSU - Stock (Inducement Award) Options Exercise -1.65K -50% 1.65K Jan 1, 2022 Common Stock 1.65K Direct F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Restricted Stock Units ("RSUs") convert into common stock on a one-for-one basis.
F2 Payment of tax liability by withholding common stock incident to vesting of RSU award issued in accordance with Rule 16b-3.
F3 Each RSU is the economic equivalent of one share of Callon Petroleum Company's common stock at its closing price on the vesting date, or the preceding business day's closing price if the vesting date shouldfall on a weekend or holiday.
F4 The RSU award is subject to three-year ratable vesting with one-third vesting each year subsequent to the award year. The first tranche vested on January 1, 2021. The second tranche vested on January 1, 2022. The third and final tranche will vest on January 1, 2023.
F5 Each RSU is the economic equivalent of one share of Callon Petroleum Company's common stock.

Remarks:

Exhibit List: Exhibit 24 - Power of Attorney