Filing Details

Accession Number:
Form Type:
Zero Holdings:
Publication Time:
2014-12-10 11:33:06
Reporting Period:
Filing Date:
Accepted Time:
2014-12-10 11:33:06
Original Submission Date:
SEC Url:
Form 4 Filing
Cik Name Symbol Sector (SIC) IRS No
1609253 California Resources Corp CRC Crude Petroleum & Natural Gas (1311) 465670947
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1622068 S. Michael Helm 10889 Wilshire Blvd.
Los Angeles CA 90024
Vice President And Controller No Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Acquisiton 2014-12-04 63,924 $0.00 67,775 No 4 J Direct
Common Stock Acquisiton 2014-12-05 5,500 $6.75 73,275 No 4 P Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 J Direct
No 4 P Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Employee Stock Option (right to buy) Acquisiton 2014-12-04 50,506 $0.00 50,506 $8.11
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
50,506 2015-11-30 2021-11-30 No 4 A Direct
  1. Amount reflects Occidental restricted stock awards that were converted into CRC restricted stock awards effective November 30, 2014 as a result of the spin-off of CRC from Occidental that remain subject to the original time-based vesting schedules, as follows: (i) 16,479 shares will vest in two equal installments on July 21, 2015 and July 21, 2016; (ii) 17,769 shares will vest on December 31, 2016 and (iii) 29,723 shares will vest on July 8, 2017. Occidental restricted stock awards converted into CRC restricted stock awards based on the volume weighted average per share prices of Occidental and CRC common stock on the four-day trading periods ended November 28, 2014, and December 4, 2014, respectively, and certain other performance assumptions set forth in to Employee Matters Agreement between Occidental and CRC dated November 25, 2014.
  2. Stock option will vest in three equal annual installments beginning on November 30, 2015. The original Form 4, filed December 8, 2014, inadvertently indicated a 2017 initial vesting date, which is corrected in this amendment. The remainder of the original Form 4 remains unchanged.