California Resources Corp — Director's Dealing 2019

Feb 22, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: California Resources Corp (CRC)
CIK: 0001609253
Period of Report: 2019-02-20

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-02-20	Common Stock	M	13814	—	Acquired	131633	Direct
2019-02-20	Common Stock	D	5526	$22.18	Disposed	126107	Direct
2019-02-20	Common Stock	F	1323	$22.18	Disposed	124784	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-02-20	Restricted Stock Unit	$	M	13814	Disposed		Common Stock (13814.0)	Direct

Footnotes

F1: Reflects the vesting of one-third of 41,440 Restricted Stock Units (RSUs) granted on February 21, 2018. Each RSU was the economic equivalent of one share of California Resources Corporation (CRC) common stock. On February 20, 2019, 5,526 of the reporting person's RSUs were settled for cash, and the remaining 8,288 were settled for an equal number of shares of CRC common stock.

F2: One-third of the RSUs vested on February 20, 2019; the remaining RSUs vest in two equal annual installments beginning February 20, 2020.