SEC Form 4 · accession 0001127602-15-033571
CHEVRON CORP · CVX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael K Wirth
Officer — Executive Vice President
Period of report
Dec 4, 2015
Accepted (ET)
Dec 8, 2015 · 8:07 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000093410
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Dec 4, 2015 | M | 8,584 | — | A | 8,584 | D | |
| Common Stock | Dec 4, 2015 | D | 8,584 | $89.71 | D | 0 | D | |
| Common StockF2 | holding | — | — | — | 12,103 | I | by 401(k) plan | |
| Common Stock | holding | — | — | — | 17,784 | I | By Wirth Revocable Trust |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom Stock UnitsF1,F3 | — | Dec 4, 2015 | M | 8,584 | D | — | — | Common Stock | 8,584 | 0 | D |
Explanation of responses
- F1Each phantom stock unit is the economic equivalent of one share of Chevron Corporation common stock. The phantom stock units are payable in cash upon vesting. On December 6, 2013, one-half of the reporting person's original grant (plus the accrued dividend equivalents) vested and were settled in cash. The remaining one-half of the grant (plus accrued dividend equivalents) vested on December 6, 2015 and were settled in cash.
- F2Between November 27, 2014 and December 4, 2015, the reporting person acquired 630 shares of Chevron Common Stock under the Chevron Employee Savings Investment Plan, a 401(k) plan.
- F3This number includes dividend equivalent accruals (650 shares).