SEC Form 4 · accession 0001104659-16-089859
OCCIDENTAL PETROLEUM CORP /DE/ · OXY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Stephen I Chazen
Officer — CEO · Director
Period of report
Jan 12, 2016
Accepted (ET)
Jan 14, 2016 · 3:39 pm EST
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 StockF2 | Jan 12, 2016 | S | 1,670 | $59.90 | D | 1,920,091 | D | |
| Common StockF3 | Jan 12, 2016 | S | 830 | $60.51 | D | 1,919,261 | D | |
| Common StockF4 | Jan 14, 2016 | S | 1,400 | $61.68 | D | 1,917,861 | D | |
| Common StockF5 | Jan 14, 2016 | S | 1,100 | $62.37 | D | 1,916,761 | D | |
| Common StockF6 | holding | — | — | — | 13,732 | I | By OPC Savings Plan |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by Mr. Chazen on October 30, 2015 in order to satisfy personal charitable contributions and commitments for 2016. Under the terms of the plan, Mr. Chazen may sell up to 250,000 shares of Occidental Petroleum Corporation's common stock in a non-discretionary manner on a ratable, bi-weekly basis over a one-year period, beginning December 1, 2015.
- F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $59.33 to $60.30, inclusive. The reporting person undertakes to provide to Occidental Petroleum Corporation, any security holder of Occidental Petroleum Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnote 2 of this Form 4.
- F3The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $60.36 to $60.81, inclusive. The reporting person undertakes to provide to Occidental Petroleum Corporation, any security holder of Occidental Petroleum Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnote 3 of this Form 4.
- F4The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $61.22 to $62.13, inclusive. The reporting person undertakes to provide to Occidental Petroleum Corporation, any security holder of Occidental Petroleum Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnote 4 of this Form 4.
- F5The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $62.24 to $62.59, inclusive. The reporting person undertakes to provide to Occidental Petroleum Corporation, any security holder of Occidental Petroleum Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnote 5 of this Form 4.
- F6Based on a plan statement dated December 30, 2015.