Gregory F. Conaway - 01 Apr 2022 Form 4 Insider Report for Callon Petroleum Co

Role
Vice President & CAO
Signature
/s/ Gregory F. Conaway, by Leisa Munoz, Attorney-in-Fact
Issuer symbol
N/A
Transactions as of
01 Apr 2022
Net transactions value
-$96,376
Form type
4
Filing time
05 Apr 2022, 16:16:23 UTC
Previous filing
11 Mar 2022
Next filing
04 Jan 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CPE Common Stock Options Exercise $0 +1,788 +5.1% $0.000000 36,987 01 Apr 2022 Direct F1, F2
transaction CPE Common Stock Tax liability $43,756 -701 -1.9% $62.42 36,286 01 Apr 2022 Direct F3, F4
transaction CPE Common Stock Options Exercise $0 +2,150 +5.9% $0.000000 38,436 01 Apr 2022 Direct F2
transaction CPE Common Stock Tax liability $52,620 -843 -2.2% $62.42 37,593 01 Apr 2022 Direct F3, F4

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 2020 RSU - Stock Options Exercise -1,788 -50% 1,787 01 Apr 2022 Common Stock 1,788 Direct F2, F5
transaction CPE 2021 RSU - Stock Options Exercise -2,150 -33% 4,300 01 Apr 2022 Common Stock 2,150 Direct F2, F6
* 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 Payment of tax liability by withholding common stock incident to vesting of RSU award issued in accordance with Rule 16b-3.
F4 Each RSU is the economic equivalent of one share of the Company's common stock at its closing price on the vesting date. If the vesting date should fall on a weekend or holiday, the preceding business day's closing price is used.
F5 On January 31, 2020, the reporting person was granted 5,363 RSUs, as adjusted by the Reverse Stock Split, subject to the three-year ratable vesting with one-third vesting each year subsequent to the award year. The first tranche vested on April 1, 2021. The second tranche vested on April 1, 2022. The third and final tranche will vest on April 1, 2023.
F6 On March 12, 2021, the reporting person was granted 6,450 RSUs subject to the three-year ratable vesting with one-third vesting each year subsequent to the award year. The first tranche vested on April 1,2022. The second tranche will vest on April 1, 2023. The third and final tranche will vest on April 1, 2024.

Remarks:

Exhibit List: Exhibit 24 - Power of Attorney