Insider Trades - WALLACE JOHN C

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WALLACE JOHN C: Declared Holdings
Company/Relationship	Reported	Shares	Ownership
CALLON PETROLEUM Director NYSE:CPE (historical quotes, profile, SEC, other insiders)	15-May-08	0	Direct

Insider & restricted shareholder transactions reported over the last two years
Date Shares Stock Transaction
15-May-08 6,250 CPE Disposition (Non Open Market)
12-May-08 6,250 CPE Acquisition (Non Open Market) at $23.91 per share.
(Value of $149,437)
31-Mar-08 56,705 CPE Disposition (Non Open Market)
20-Dec-07 5,000 CPE Sale at $15.25 per share.
(Proceeds of $76,250)

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Insider & restricted shareholder transactions reported over the last two years
Date	Shares	Stock	Transaction
15-May-08	6,250	CPE	Disposition (Non Open Market)
12-May-08	6,250	CPE	Acquisition (Non Open Market) at $23.91 per share. (Value of $149,437)
31-Mar-08	56,705	CPE	Disposition (Non Open Market)
20-Dec-07	5,000	CPE	Sale at $15.25 per share. (Proceeds of $76,250)