James E. Craddock - Apr 1, 2024 Form 4 Insider Report for Callon Petroleum Co (CPE)

Role
Director
Signature
/s/ James E. Craddock, by Lucas A. Fried, as Attorney-in-Fact
Stock symbol
CPE
Transactions as of
Apr 1, 2024
Transactions value $
$0
Form type
4
Date filed
4/1/2024, 04:25 PM
Previous filing
Mar 6, 2024
Next filing
Jul 3, 2024

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 Phantom Stock Units Disposed to Issuer -9.9K -100% 0 Apr 1, 2024 Common Stock 9.9K Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

James E. Craddock is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Pursuant to the Agreement and Plan of Merger, dated as of January 3, 2024 (the "Merger Agreement"), by and between APA Corporation ("APA"), Astro Comet Merger Sub Corp., a wholly owned subsidiary of APA ("Merger Sub"), and Callon Petroleum Company (the "Company"), Merger Sub merged with and into the Company (the "Merger"), with the Company surviving and continuing as the surviving corporation in the Merger. Pursuant to the Merger Agreement, at the effective time of the Merger (the "Effective Time"), each phantom stock unit immediately vested in full and converted into the right to receive an amount in cash determined in accordance with the terms of the Company stock plans and the applicable award agreement, payable by the surviving corporation no later than five business days following the Effective Time, less any required withholding.

Remarks:

Exhibit List: Exhibit 24 - Power of Attorney