California Resources Corp — Director's Dealing 2016

Jun 1, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: California Resources Corp (CRC)
CIK: 0001609253
Period of Report: 2016-05-27

Reporting Person: Stevens Todd A. (Director, President and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-05-27	Common Stock	A	1093750	—	Acquired	1621000	Direct

Footnotes

F1: On May 31, 2016, CRC conducted a 1 for 10 reverse stock split. Share amounts reported on this Form 4 do not reflect that split.

F2: Grant of Restricted Stock Units (RSUs) pursuant to California Resources Corporation's (CRC) Long-Term Incentive Plan.

F3: The RSUs will vest in three (3) equal annual installments on May 26, 2017, 2018 and 2019.

F4: Includes 2,500 shares acquired under CRC's 2014 Employee Stock Purchase Plan on March 31, 2016.