California Resources Corp — Director's Dealing 2015

Jul 14, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: California Resources Corp (CRC)
CIK: 0001609253
Period of Report: 2015-07-10

Reporting Person: Preston Michael L. (EVP. GC and Corp. Secretary)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-07-10	Common Stock	M	9549	—	Acquired	34582	Direct
2015-07-10	Common Stock	D	4774	$5.26	Disposed	29808	Direct
2015-07-10	Common Stock	F	1795	$5.26	Disposed	28013	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-07-10	Long-Term Incentive Award (Right to Buy)	$0.0	M	9549	Disposed	2015-07-10	Common Stock (9549.0)	Direct

Footnotes

F1: Reflects the vesting of 9,549 long-term incentive units originally granted July 11, 2012, which were converted in the spin-off of California Resources Corporation from Occidental Petroleum Corporation in a manner intended to preserve the pre-spin off value of the units. Each unit was the equivalent of one share of CRC's common stock. The award pays out 50% in stock and 50% in cash.

F2: Includes 1,438 shares acquired under CRC's employee stock purchase plan on June 30, 2015.