SEC Form 4 · accession 0001104659-15-038283
OCCIDENTAL PETROLEUM CORP /DE/ · OXY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jennifer M Kirk
Officer — Vice President and Controller
Period of report
May 13, 2015
Accepted (ET)
May 14, 2015 · 7:50 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000797468
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Long-term incentive unitsF2,F1,F3 | — | May 13, 2015 | J | 673 | D | — | — | Common stock | 673 | 0 | I |
| Long-term incentive unitsF2,F1,F4 | — | May 13, 2015 | J | 464 | D | — | — | Common stock | 464 | 0 | I |
| Long-term incentive unitsF2,F1,F5 | — | May 13, 2015 | J | 208 | D | — | — | Common stock | 208 | 0 | I |
| Long-term incentive unitsF1,F6 | — | holding | — | — | — | — | — | Common stock | 499 | 499 | D |
Explanation of responses
- F1Long-term incentive units ("LTIs") are settleable 50% in shares of stock and 50% in cash based on the value of a share of stock on the applicable vesting date.
- F2The reporting person's spouse terminated his employment with the registrant on May 13, 2015. Accordingly, the LTIs set forth in rows 1-3 of Table II were forfeited in accordance with the terms of the underlying agreement.
- F3On July 9, 2014, the reporting person's spouse was granted 638 LTIs, the unvested portion of which was adjusted upward in connection with the spin-off of California Resources Corporation on November 30, 2014 (the "Spin-Off") as disclosed on the Form 4 filed on behalf of the reporting person on December 4, 2014 (the "Spin-Off Form 4"), which vest in three equal installments beginning on the first anniversary of the grant date.
- F4On July 10, 2013, the reporting person's spouse was granted 661 LTIs, the unvested portion of which was adjusted upward in connection with the Spin-Off as disclosed in the Spin-Off Form 4, which vest in three equal installments beginning on the first anniversary of the grant date.
- F5On July 11, 2012, the reporting person's spouse was granted 592 LTIs, the unvested portion of which was adjusted upward in connection with the Spin-Off as disclosed in the Spin-Off Form 4, which vest in three equal installments beginning on the first anniversary of the grant date.
- F6On July 11, 2012, the reporting person was granted 1,419 LTIs, the unvested portion of which was adjusted upward in connection with the Spin-Off as disclosed in the Spin-Off Form 4, which vest in three equal installments beginning on the first anniversary of the grant date.