X0202 4 2008-04-18 0 0000928022 CALLON PETROLEUM CO CPE 0001399000 Conn Mitzi P 200 NORTH CANAL STREET NATCHEZ MS 391203212 0 1 0 0 Controller Common Stock 2008-04-18 2008-04-18 5 A 0 4000 0 A 4000.00 D Common Stock 2533.00 I 401(k) Account 2008 Performance Stock Award 2008-04-18 2008-04-18 5 A 0 4000 A Common Stock 4000.00 4000.00 D 2004 Performance Shares 13.71 2005-05-05 2014-07-14 Common Stock 1400.00 1400.00 D 2006 Performance Shares 15.83 2006-08-21 2010-08-21 Common Stock 6000.00 6000.00 D Subject to certain restrictions, these shares will vest on 04/18/2011, the third anniversary following the award date. 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. Performance Stock awarded July 14, 2004. These shares vest in five equal annual installments beginning on July 14, 2005. By: Robert A. Mayfield as Attorney-if-fact for 2008-04-21