X0201 4 2004-01-02 0 0000928022 CALLON PETROLEUM CO CPE 0001188199 WEATHERLY JOHN S 200 NORTH CANAL STREET NATCHEZ MS 391203212 0 1 0 0 Senior V-P and CFO Common Stock 2004-01-02 2004-01-02 4 A 0 1000 2.84 A 56605.00 D Common Stock 8169.00 I By 401(k) Common Stock 109.00 I By Custodian For Child Shares acquired through Employee Stock Purchase Plan 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. By: Robert A. Mayfield as Attornet-in-fact for 2004-01-05