California Resources Corp — Director's Dealing 2017

Aug 8, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: California Resources Corp (CRC)
CIK: 0001609253
Period of Report: 2017-08-04

Reporting Person: Barnes Robert A. (EVP - Operations)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-08-04	Common Stock	F	1119	$7.05	Disposed	71710	Direct
2017-08-04	Common Stock	M	318	—	Acquired	2293.424	Indirect
2017-08-04	Common Stock	D	318	$7.05	Disposed	1975.424	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-08-04	Phantom Stock Unit	$	M	318	Disposed	2017-08-04	Common Stock (318.0)	Indirect

Footnotes

F1: Each Phantom Stock Unit (PSU) is the economic equivalent of one share of CRC Common Stock and will be settled in cash on the vesting date. The PSU's were granted to the Reporting Person's wife on August 5, 2015, and vest in three (3) equal installments on August 4, 2016, 2017 and 2018.