SEC Form 4 · accession 0001609253-15-000083

California Resources Corp · CRC

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — EVP - N. Operations

Period of report

Jul 8, 2015

Accepted (ET)

Jul 14, 2015 · 4:27 pm EDT

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0001609253

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I	Nature of ownership
Common Stock, $0.01 par value^F1	Jul 8, 2015	M	1,587	$0.00	A	3,646	I	By wife
Common Stock, $0.01 par value^F1	Jul 8, 2015	D	793	$5.19	D	2,853	I	By wife
Common Stock, $0.01 par value	Jul 8, 2015	F	292	$5.19	D	2,561	I	By wife
Common Stock, $0.01 par value^F2	Jul 9, 2015	M	1,587	$0.00	A	4,148	I	By wife
Common Stock, $0.01 par value^F2	Jul 9, 2015	D	793	$5.28	D	3,355	I	By wife
Common Stock, $0.01 par value	Jul 9, 2015	F	292	$5.28	D	3,063	I	By wife
Common Stock^F3	Jul 10, 2015	M	10,033	$0.00	A	31,602	D
Common Stock^F3	Jul 10, 2015	D	5,016	$5.26	D	26,586	D
Common Stock	Jul 10, 2015	F	1,886	$5.26	D	24,700	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Long-Term Incentive Award (Right to Buy)^F1	$0.00	Jul 8, 2015	M	1,587	D	Jul 8, 2015	Jul 8, 2015	Common Stock	1,587	1,588	I
Long-Term Incentive Award (Right to Buy)^F2	$0.00	Jul 9, 2015	M	1,587	D	Jul 9, 2015	Jul 9, 2015	Common Stock	1,587	3,175	I
Long-Term Incentive Award (Right to Buy)^F3	$0.00	Jul 10, 2015	M	10,033	D	Jul 10, 2015	Jul 10, 2015	Common Stock	10,033	0	D

F1Reflects the vesting of one-half of 3,175 long-term incentive units granted July 10, 2013, which were converted in the spin-off of California Resources Corporation from Occidental Petroleum Corporation in a manner intended to preserve the pre-spin off value of the units. Each unit was the equivalent of one share of CRC's common stock. The award pays out 50% in stock and 50% in cash. Includes 1,530 shares acquired under CRC's employee stock purchase plan on March 31, 2015 and June 30, 2015.
F2Reflects the vesting of one-third of 4,762 long-term incentive units granted July 9, 2014, which were converted in the spin-off of California Resources Corporation from Occidental Petroleum Corporation in a manner intended to preserve the pre-spin off value of the units. Each unit was equivalent of one share of CRC's common stock. The award pays out 50% in stock and 50% in cash.
F3Reflects the vesting of 10,033 long-term incentive units granted on July 11, 2012, which were converted in the spin-off of California Resources Corporation from Occidental Petroleum Corporation in a manner intended to preserve the pre-spin off value of the units. Each unit was equivalent of one share of CRC's common stock. The award pays out 50% in stock and 50% in cash. Includes 2,276 shares acquired under CRC's employee stock purchase plan on March 31, 2015 and June 30, 2015.