SEC Form 4 · accession 0001127602-17-011805
CHEVRON CORP · CVX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John S Watson
Officer — Chairman and CEO · Director
Period of report
Mar 13, 2017
Accepted (ET)
Mar 15, 2017 · 5:01 pm EDT
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 Stock | Mar 13, 2017 | M | 125,000 | $74.08 | A | 201,794 | D | |
| Common StockF2 | Mar 13, 2017 | S | 125,000 | $110.3007 | D | 76,794 | D | |
| Common StockF3 | holding | — | — | — | 26,525 | I | By 401(k) plan |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-Qualified Stock Option (Right to Buy)F4 | $74.08 | Mar 13, 2017 | M | 125,000 | D | — | Mar 28, 2017 | Common Stock | 125,000 | 0 | D |
Explanation of responses
- F1The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 4, 2016.
- F2This transaction was executed in multiple trades priced between $110.00 and $110.79. The price reported above reflects the weighted-average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transactions were effected.
- F3Between February 25, 2012 and March 13, 2017, the reporting person acquired 5,250 shares of Chevron Common Stock under the Chevron Employee Savings Investment Plan, a 401(k) plan.
- F4One-third of the shares subject to the option vested on each of the first, second and third anniversaries of the date of grant.