SCHWAGER THOMAS E 4
4 · CALLON PETROLEUM CO · Filed Dec 29, 2008
Insider Transaction Report
Form 4
SCHWAGER THOMAS E
Vice-President, Engineering
Transactions
- Sale
Common Stock
2008-12-29$2.27/sh−150$341→ 13,636 total
Holdings
- 244(indirect: By 401(k))
Common Stock
- 12,800
2006 Performance Shares
Exercise: $15.83From: 2006-08-21Exp: 2010-08-21→ Common Stock (12,800 underlying) - 3,500
2004 Performance Shares
Exercise: $13.82From: 2005-05-05Exp: 2014-07-14→ Common Stock (3,500 underlying) - 7,000
2008 Performance Stock Award
Exercise: $0.00→ Common Stock (7,000 underlying)
Footnotes (3)
- [F1]The number of shares reported is calculated by dividing the total market value of the reporting person's account balance within the Callon Petroleum Company Employee Savings and Protection Plan (401(k) Plan) on the day prior to this Form 4 reporting date by the closing market price per share on that day.
- [F2]Performance Stock awarded July 14, 2004. These shares vest in five equal annual installments beginning on July 14, 2005.
- [F3]The number of shares awarded is conditioned based on the achievement of a specified performance target, based upon the price of Callon's stock, to be calculated on December 31, 2010. If the performance target is achieved, vesting with respect to the awarded shares will occur on 04/18/2011, the third anniversary following the award date.