SEC Form 4 · accession 0001140361-17-027652
OCCIDENTAL PETROLEUM CORP /DE/ · OXY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Joseph C. Elliott
Officer — Senior Vice President
Period of report
Jul 8, 2017
Accepted (ET)
Jul 11, 2017 · 7:32 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 8, 2017 | M | 552 | — | A | 21,532 | D | |
| Common Stock | Jul 8, 2017 | D | 276 | $58.68 | D | 21,256 | D | |
| Common Stock | Jul 8, 2017 | F | 116 | $58.68 | D | 21,140 | D | |
| Common StockF3 | holding | — | — | — | 4,699 | 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 8, 2017 | M | 552 | D | — | — | Common Stock | 552 | 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. LTIs vest in three equal installments beginning on the first anniversary of the grant date.
- F2On July 9, 2014, the reporting person was granted an award of 1,570 LTIs, which was adjusted upward by 85 LTIs in connection with the spin-off of California Resources Corporation.
- F3Based on a plan statement dated July 7, 2017.