Mary Shafer-Malicki - 25 May 2022 Form 4 Insider Report for Callon Petroleum Co

Role
Director
Signature
/s/Mary Shafer-Malicki by Leisa Munoz, Attorney-in-Fact
Issuer symbol
N/A
Transactions as of
25 May 2022
Net transactions value
$0
Form type
4
Filing time
26 May 2022, 20:55:58 UTC
Previous filing
03 Jan 2022
Next filing
28 Apr 2023
SEC
View on sec.gov

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 2022 RSU - Stock Award +3,055 3,055 25 May 2022 Common Stock 3,055 Direct F1, F2
transaction CPE 2021 RSU - Stock Options Exercise -1,223 -100% 0 25 May 2022 Common Stock 1,223 Direct F2, F3
transaction CPE Phantom Stock Units. Options Exercise +1,223 1,223 25 May 2022 Common Stock 1,223 Direct F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On May 25, 2022, the reporting person was granted 3,055 Restricted Stock Units ("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 2023 Annual Meeting of Shareholders. The reporting person elected that upon vesting these RSUs convert into Phantom Stock Units pursuant to the Deferred Compensation Plan for Outside Directors (the "Plan").
F2 RSUs convert into common stock on a one-for-one basis.
F3 On January 1, 2022, the reporting person was granted 1,223 RSUs that vested in full on the earlier of (i) the anniversary of the grant date or (ii) the date of the Company's 2022 Annual Shareholder Meeting.
F4 The Phantom Stock Units will be distributed to the reporting person pursuant to the Plan. The reporting person has elected to have the Phantom Stock Units distributed in shares of common stock.
F5 RSUs convert into Phantom Stock Units on a one-for-one basis, and each Phantom Stock Unit is the economic equivalent of one share of common stock.

Remarks:

Exhibit List: Exhibit 24 - Power of Attorney