Mary Shafer-Malicki - 26 Apr 2023 Form 4 Insider Report for Callon Petroleum Co

Role
Director
Signature
/s/Mary Shafer-Malicki by Lucas A. Fried, Attorney-in-Fact
Issuer symbol
N/A
Transactions as of
26 Apr 2023
Net transactions value
$0
Form type
4
Filing time
28 Apr 2023, 16:15:21 UTC
Previous filing
26 May 2022
Next filing
30 May 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 Options Exercise -3,055 -100% 0 26 Apr 2023 Common Stock 3,055 Direct F1, F2, F3
transaction CPE Phantom Stock Units. Options Exercise +3,055 +250% 4,278 26 Apr 2023 Common Stock 3,055 Direct F2, F3
transaction CPE 2023 RSU - Stock Award +4,666 4,666 26 Apr 2023 Common Stock 4,666 Direct F2, F4
* 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") that vested 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 Company's 2023 Annual Meeting of Shareholders was held on April 26, 2023. 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 Phantom Stock Units on a one-for-one basis, and each Phantom Stock Unit is the economic equivalent of one share of common stock.
F3 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 cash.
F4 On April 26, 2023, the reporting person was granted 4,666 RSUs. The RSUs will vest in full on the earlier of (i) the first anniversary of the grant date or (ii) the date of the Company's 2024 Annual Meeting of Shareholders. The reporting person elected that upon vesting these RSUs convert into Phantom Stock Units pursuant to the Plan.

Remarks:

Exhibit List: Exhibit 24 - Power of Attorney