California Resources Corp — Director's Dealing 2020

Nov 7, 2020

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: California Resources Corp (CRC)
CIK: 0001609253
Period of Report: 2020-10-27

Reporting Person: GOLDENTREE ASSET MANAGEMENT LP (10% Owner)
Reporting Person: GoldenTree Asset Management LLC (10% Owner)
Reporting Person: Tananbaum Steven A. (10% Owner)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, par value $0.01 per share ("Common Stock")	19407261	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Warrants	$36.01	2024-10-27	Common Stock (475556)		Indirect

Footnotes

F1: This Form 3 is filed on behalf of GoldenTree Asset Management LP (the "Advisor"), GoldenTree Asset Management LLC (the "General Partner") and Steven A. Tananbaum (collectively, the "Reporting Persons"). The Advisor is the investment manager or advisor to certain funds and separate accounts managed by the Advisor (the "Funds") and may be deemed to have a pecuniary interest in the securities directly held by the Funds. The General Partner is the general partner of the Advisor and may be deemed to have a pecuniary interest in the Common Stock reported herein in which the Advisor has a pecuniary interest. Steven A. Tananbaum is the managing member of the General Partner and may be deemed to have a pecuniary interest in the Common Stock reported herein in which the Advisor and the General Partner have a pecuniary interest.

F2: The Advisor, the General Partner, and Mr. Tananbaum disclaim beneficial ownership of the Common Stock held by the Funds.

F3: Common Stock held directly by certain funds and separate accounts managed by the Advisor.

F4: Warrants held directly by certain funds and separate accounts managed by the Advisor.