SEC Form 4 · accession 0001609253-16-000239
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
May 27, 2016
Accepted (ET)
Jun 1, 2016 · 4:46 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 StockF1,F3,F4 | May 27, 2016 | A | 196,875 | $0.00 | A | 299,166 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On May 31, 2016, CRC conducted a 1 for 10 reverse stock split. Share amounts reported on this Form 4 do not reflect that split.
- F2Grant of Restricted Stock Units (RSUs) pursuant to California Resources Corporation's Long-Term Incentive Plan.
- F3The RSUs will vest in three (3) equal annual installments on May 26, 2017, 2018 and 2019.
- F4Includes 3,588 aggregate shares acquired pursuant to CRC's 2014 Employee Stock Purchase Plan on September 30, 2015, December 31, 2015 and March 31, 2016.