California Resources Corp — Director's Dealing 2017

Sep 7, 2017

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: California Resources Corp (CRC)
CIK: 0001609253
Period of Report: 2017-08-31

Reporting Person: Repetti Noelle M. (Vice President and Controller)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	26794	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
2014 Stock Option	$81.1	2021-11-30	Common Stock (7576.0)		Direct
2015 Stock Option	$42.0	2022-08-04	Common Stock (3667.0)		Direct

Footnotes

F1: The amount reported consists of 2,537 shares of common stock and, pursuant to the California Resources Corporation Long-Term Incentive Plan, the following: (1) a Restricted Stock Incentive Award of 3,197 shares of common stock granted on December 1, 2014 which will vest on November 30, 2017, (2) 656 Restricted Stock Units (RSUs) granted on August 15, 2015 which will vest on August 4, 2018, (3) 4,375 RSUs granted on May 27, 2016 which will vest 1/2 each on May 26, 2018 and 2019, (4) 7,975 RSUs granted on February 13, 2017 which will vest 1/3 each on February 12, 2018, 2019 and 2020, and (5) 8,054 RSUs granted on August 1, 2017 which will vest on July 30, 2020.

F2: The stock option became exercisable as to 2,525 shares each on August 30, 2015 and August 30, 2016, and becomes exercisable as to the remaining 2,526 shares on November 30, 2017.

F3: The stock option became exercisable as to 1,222 shares each on August 4, 2016 and August 4, 2017, and becomes exercisable as to the remaining 1,223 shares on August 4, 2018.