SEC Form 4 · accession 0001609253-15-000100
California Resources Corp · CRC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Shawn M. Kerns
Officer — EVP - Corporate Development
Period of report
Aug 5, 2015
Accepted (ET)
Aug 7, 2015 · 6:38 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 StockF2 | Aug 5, 2015 | A | 64,286 | $0.00 | A | 81,564 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2015 Stock OptionF3 | $4.20 | Aug 5, 2015 | A | 120,000 | A | Aug 4, 2016 | Aug 4, 2022 | Common Stock | 120,000 | 120,000 | D |
Explanation of responses
- F1Grant of Restricted Stock Units (RSUs) under California Resources Corporation's (CRC) Long-Term Incentive Plan.
- F2The RSUs will vest in three (3) equal annual installments beginning on August 4, 2016.
- F3The Stock Options will vest in three (3) equal annual installments beginning on August 4, 2016.