X0202 4/A 2006-03-21 2006-03-23 0 0000928022 CALLON PETROLEUM CO CPE 0001188201 SMITH CLARK H 200 NORTH CANAL STREET NATCHEZ MS 391203212 0 1 0 0 Corporate Information Officer Common Stock 2006-03-21 2006-04-17 5 J 0 340 20.01 A 16044.00 D Common Stock 4764.00 I 401(k) Account 2004 Performance Shares 13.71 2005-05-05 2014-07-14 Common Stock 8800.00 8800.00 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 12000.00 12000.00 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 These shares are being issued to correct the number of shares originally withheld to pay the exercise price or tax liability associated with the stock option exercise reported on March 21, 2006. By: Robert A. Mayfield as Attorney-in-fact for 2006-04-17