SEC Form 4 · accession 0001127602-16-069531
CHEVRON CORP · CVX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
R. Hewitt Pate
Officer — VP and General Counsel
Period of report
Dec 6, 2016
Accepted (ET)
Dec 8, 2016 · 8:28 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 6, 2016 | M | 8,074 | — | A | 8,074 | D | |
| Common Stock | Dec 6, 2016 | D | 8,074 | $112.76 | D | 0 | D | |
| Common Stock | holding | — | — | — | 3,374 | I | by 401(k) plan | |
| Common Stock | holding | — | — | — | 16,068 | I | By Pate Family Trust | |
| Common StockF2 | holding | — | — | — | 3,000 | I | by GRAT | |
| Common StockF2 | holding | — | — | — | 3,000 | I | by Spouse GRAT |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom Stock UnitsF3,F1,F4 | $0.00 | Dec 6, 2016 | M | 8,074 | D | — | — | Common Stock | 8,074 | 10,765 | 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, 2016, thirty percent of the reporting person's original grant (plus the accrued dividend equivalents) vested and were settled in cash. The remaining forty percent of the original grant (plus accrued dividend equivalents) will vest on December 6, 2018.
- F2This number includes 1,100 shares previously reported as indirectly owned by the Pate Revocable Family Trust that were later contributed to a grantor retained annuity trust.
- F3This number includes dividend equivalent accruals that vested on December 6, 2016 (1,324 shares).
- F4This number includes dividend equivalent accruals (1,765 shares).