SEC Form 4 · accession 0001104659-15-050878
OCCIDENTAL PETROLEUM CORP /DE/ · OXY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Vicki A. Hollub
Officer — Senior EVP & Pres-Oxy Oil&Gas
Period of report
Jul 10, 2015
Accepted (ET)
Jul 13, 2015 · 5:07 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000797468
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Jul 10, 2015 | M | 1,039 | — | A | 5,399 | D | |
| Common Stock | Jul 10, 2015 | F | 326 | $73.31 | D | 5,073 | D | |
| Common Stock | holding | — | — | — | 14,806 | I | By OPC Savings Plan |
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 UnitsF1,F2 | — | Jul 10, 2015 | M | 2,078 | D | — | — | Common Stock | 2,078 | 0 | D |
Explanation of responses
- F1Long-term incentive units ("LTIs") are payable 50% in shares of the issuer's common stock and 50% in cash based on the value of a share of the issuer's common stock on the applicable vesting date.
- F2On July 11, 2012, the reporting person was granted 5,913 LTIs, the unvested portion of which was adjusted upward in connection with the spin-off of California Resources Corporation on November 30, 2014, as disclosed in the Form 4 filed on behalf of the reporting person on December 4, 2014. The LTIs vest in three equal installments beginning on the first anniversary of the grant date.