SEC Form 4 · accession 0001140361-16-059167
OCCIDENTAL PETROLEUM CORP /DE/ · OXY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Howard I Atkins
Director
Period of report
Mar 24, 2016
Accepted (ET)
Mar 28, 2016 · 5:11 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 Stock | Mar 24, 2016 | J | 6 | $0.00 | A | 20,677 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On March 24, 2016 (the "distribution date"), holders of Occidental Petroleum Corporation ("OPC") common stock as of February 29, 2016 (the "record date") received 0.093618 shares (the "distribution ratio") of California Resources Corporation ("CRC") common stock as a dividend on each outstanding share of OPC common stock they owned on the record date (the "distribution"). To account for the distribution, the reporting person's OPC common stock unit award was proportionately adjusted on the distribution date to increase the common stock units subject to the award by an amount (rounded up to the nearest whole share) equal to the product of (i) the number of unpaid common stock units subject to the award as of the record date multiplied by (ii) the distribution ratio multiplied by (iii) the quotient obtained by dividing the closing price of a share of CRC common stock on the distribution date by the closing price of a share of OPC common stock on the distribution date.