|
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
|
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
||||
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
2019 RSU - Stock (6) | (3) | 04/01/2022 | M | 7,043 | (6) | (6) | Common Stock | 7,043.00 | (3) | 0 | D | ||||
2020 RSU - Stock (7) | (3) | 04/01/2022 | M | 16,266 | (7) | (7) | Common Stock | 16,266.00 | (3) | 16,266 | D | ||||
2021 RSU - Stock (8) | (3) | 04/01/2022 | M | 17,568 | (8) | (8) | Common Stock | 17,568.00 | (3) | 35,135 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Gatto Joseph C. Jr. 2000 W. SAM HOUSTON PKWY. S. SUITE 2000 HOUSTON, TX 77042 |
X | President and CEO |
/s/ Joseph C. Gatto, Jr. by Leisa Munoz, as Attorney-in-Fact | 04/05/2022 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | Effective March 31, 2022, Callon Petroleum Company (the "Company") eliminated the Company stock fund as an investment alternative available under the Company's 401(k) plan. As a result, the shares of the Company's common stock that the reporting person previously reported as beneficially owned under the 401(k) plan were liquidated. |
(2) | Reflects the 1-for-10 reverse split of the common stock, par value $0.01, of the Company, effective August 7, 2020 (the "Reverse Stock Split"). |
(3) | Restricted Stock Units ("RSUs") convert into common stock on a one-for-one basis. |
(4) | Payment of tax liability by withholding common stock incident to vesting of RSU award issued in accordance with Rule 16b-3. |
(5) | 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. |
(6) | On January 31, 2019, the reporting person was granted 21,130 RSUs, as adjusted by the Reverse Stock Split, subject to three-year ratable vesting with one-third vesting each year subsequent to the award year. The first tranche vested on April 1, 2020. The second tranche vested on April 1, 2021. The third and final tranche vested on April 1, 2022. |
(7) | On January 31, 2020, the reporting person was granted 48,799 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. |
(8) | On March 12, 2021, the reporting person was granted 52,703 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 |