SEC Form 4 · accession 0001609253-17-000147
California Resources Corp · CRC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert A. Barnes
Officer — EVP - Operations
Period of report
Aug 4, 2017
Accepted (ET)
Aug 8, 2017 · 4:17 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 | Aug 4, 2017 | F | 1,119 | $7.05 | D | 71,710 | D | |
| Common Stock | Aug 4, 2017 | M | 318 | $0.00 | A | 2,293 | I | By wife |
| Common Stock | Aug 4, 2017 | D | 318 | $7.05 | D | 1,975 | I | By wife |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom Stock UnitF1 | — | Aug 4, 2017 | M | 318 | D | Aug 4, 2017 | Aug 4, 2017 | Common Stock | 318 | 318 | I |
Explanation of responses
- F1Each Phantom Stock Unit (PSU) is the economic equivalent of one share of CRC Common Stock and will be settled in cash on the vesting date. The PSU's were granted to the Reporting Person's wife on August 5, 2015, and vest in three (3) equal installments on August 4, 2016, 2017 and 2018.