California Resources Corp — Director's Dealing 2018

Feb 24, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: California Resources Corp (CRC)
CIK: 0001609253
Period of Report: 2018-02-21

Reporting Person: Smith Marshall D (Senior EVP & CFO)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-02-21	Restricted Stock Unit	$	A	41440	Acquired		Common Stock (41440.0)	Direct
2018-02-21	Employee Stock Option (right to buy)	$20.17	A	18963	Acquired	2025-02-20	Common Stock (18963.0)	Direct

Footnotes

F1: Restricted Stock Units (RSUs) granted pursuant to California Resources Corporation's (CRC) Long-Term Incentive Plan will be settled upon vesting 60% in shares of CRC common stock and 40% in cash.

F2: The RSUs will vest in three (3) equal installments beginning on February 20, 2019, 2020 and 2021.

F3: The Stock Options will vest in three (3) equal installments beginning on February 20, 2019, 2020 and 2021.