Accession Number: | 0001609253-15-000007 |
Date: | 2014-12-04 |
Issuer: | CALIFORNIA RESOURCES CORP (CRC) |
Original Submission Date: | 2014-12-04 |
HELM MICHAEL S.
10889 WILSHIRE BLVD.
LOS ANGELES, CA 90024
Title of Security | Transaction Date | 2a. Deemed Execution Date | Transaction Code | Shares | Acquired or Disposed | Price per share | 5. Amount of Securities Beneficially Owned Following Reported Transaction | 6. Ownership Form Direct or Indirect | Nature of Indirect Ownership |
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COMMON STOCK | 2014-12-04 | J | 58,470 | a | $0.00 | 62,321 | direct | ||
COMMON STOCK | 2014-12-05 | P | 5,500 | a | $0.00 | 67,821 | direct |
Title of Derivative Security | Conversion or Exercise Price of Derivative Security | Transaction Date | Deemed Execution Date | Transaction Code | Number of Derivative Securities Acquired (A) or Disposed of (D) | Date Exercisable | Expiration Date | Title and Amount of Securities Underlying Derivative Security | Price of Derivative Security | Number of derivative Securities Beneficially Owned Following Reported Transaction(s) | Ownership Form: Direct (D) or Indirect (I) | Nature of Indirect Beneficial Ownership |
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ID | footnote |
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f1 | reflects occidental restricted stock awards 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) 10,978 shares vest in two equal installments on july 21, 2015 and july 21, 2016; (ii) 17,769 shares vest on december 31, 2016 and (iii) 29,723 shares 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 the employee matters agreement between occidental and crc dated november 25, 2014. the original form 4 filed on december 4, 2014, inadvertently reported greater ownership of shares in subsection "(i)" of this footnote and items 4 and 5 of this form. |