SEC Form 4 · accession 0001609253-17-000039
California Resources Corp · CRC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael L. Preston
Officer — EVP, GC and Corp. Secretary
Period of report
Feb 13, 2017
Accepted (ET)
Feb 15, 2017 · 8:35 pm EST
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,F3 | Feb 13, 2017 | A | 21,266 | $0.00 | A | 53,338 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Grant of Restricted Stock Units (RSUs) pursuant to California Resources Corporation's (CRC) Long-Term Incentive Plan.
- F2The RSUs will vest in three (3) equal installments on February 12, 2018, 2019, and 2020.
- F3Includes 201 shares acquired under CRC's Employee Stock Purchase Plan on December 31, 2016. Reflects 4.564 shares that were disposed in connection with a transfer of shares to a new brokerage and disposed of in connection with a rollover of a qualified retirement plan to an IRA.