X0201 4 2003-11-17 0 0000928022 CALLON PETROLEUM CO CPE 0001188196 MAYFIELD ROBERT A 200 NORTH CANAL STREET NATCHEZ MS 391203212 0 1 0 0 Corporate Secretary Common Stock 2003-11-17 2003-11-17 5 F 0 858 7.97 D 15392.00 D Common Stock 6711.00 I By 401(k) Stock Option (Right to Buy) 10.00 1995-01-14 2004-07-14 Common Stock 9000.00 9000.00 D Stock Option (Right to Buy) 9.00 1999-09-05 2009-03-05 Common Stock 7000.00 7000.00 D Stock Option (Right to Buy) 10.50 2000-09-23 2010-03-23 Common Stock 17500.00 17500.00 D Stock Option (Right to Buy) 4.50 2003-01-13 2012-07-12 Common Stock 4800.00 4800.00 D Stock Option (Right to Buy) 3.70 2003-02-24 2012-08-23 Common Stock 3250.00 3250.00 D Stock Option (Right to Buy) 12.00 1997-02-23 2006-08-23 Common Stock 16000.00 16000.00 D Represents disposition of shares previously reported and subject to certain vesting provisions. Issuer withheld shares to satisfy federal and state withholding tax liability associated with fair market value of securities vested. The ending number of shares represents the reporting person's account value divided by the closing quoted price on the NYSE on the date of this report. /s/ MAYFIELD, ROBERT A. 2003-11-18