Callon Petroleum (CPE) Form 3 Callon Petroleum / Kevin Haggard ownership change

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF 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

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1. Name and Address of Reporting Person^*

Haggard Kevin

(Last) (First) (Middle)

2000 W. SAM HOUSTON PKWY S.

SUITE 2000

(Street)

HOUSTON TX 77042

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
05/17/2021

3. Issuer Name and Ticker or Trading Symbol
Callon Petroleum Co [ CPE ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
Senior VP & CFO

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
2021 RSU - Stock(1)	(1)	(1)	Common Stock	15,998	(2)	D
2021 RSU - Stock (Retention Award)(3)	(3)	(3)	Common Stock	16,408	(2)	D

Explanation of Responses:

1. As previously reported on Form 8-K dated May 11, 2021, this award was granted to Mr. Haggard on May 10, 2021, when he joined Callon Petroleum Company. The award is subject to three-year ratable vesting with one-third of the restricted stock units ("RSUs") vesting annually. The first tranche will vest on April 1, 2022. The second tranche will vest on April 1, 2023. The third and final tranche will vest on April 1, 2024.

2. RSUs convert into common stock on a one-for-one basis.

3. As previously reported on Form 8-K dated May 11, 2021, this award was granted to Mr. Haggard on May 10, 2021, when he joined Callon Petroleum Company. The RSUs cliff vest in full on June, 1, 2024.

Remarks:

	/s/ Kevin Haggard, by Michol L. Ecklund, Attorney-in-Fact	05/17/2021
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (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).
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