California Resources Corp — Director's Dealing 2017

Jun 1, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: California Resources Corp (CRC)
CIK: 0001609253
Period of Report: 2017-05-26

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-05-26	Common Stock	F	3426	$11.85	Disposed	72829	Direct
2017-05-26	Common Stock	M	625	—	Acquired	2300.424	Indirect
2017-05-26	Common Stock	D	625	$11.85	Disposed	1675.424	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-05-26	Phantom Stock Unit	$	M	625	Disposed	2017-05-26	Common Stock (625.0)	Indirect

Footnotes

F1: Relates to a previously reported grant of Restricted Stock Units pursuant to California Resources Corporation's (CRC) Long-Term Incentive Plan.

F2: Each share of Phantom Stock (PS) was the economic equivalent of one share of CRC's common stock. The PS was part of a Phantom Stock Unit granted May 27, 2016, which vests in three (3) equal annual installments on May 26, 2017, 2018 and 2019, subject to a minimum payment equal to $8.00 per unit and a maximum payment equal to $32.00 per unit.