California Resources Corp — Director's Dealing 2020

Feb 21, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: California Resources Corp (CRC)
CIK: 0001609253
Period of Report: 2020-02-18

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-02-18	Common Stock	M	12284	—	Acquired	123988	Direct
2020-02-18	Common Stock	D	6142	$6.20	Disposed	117846	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-02-18	Restricted Stock Unit	$	M	12284	Disposed		Common Stock (12284.0)	Direct
2020-02-18	Restricted Stock Unit	$	A	129033	Acquired		Common Stock (129033.0)	Direct
2020-02-18	Employee Stock Option (Right to Buy)	$6.82	A	60423	Acquired	2027-02-17	Common Stock (60423.0)	Direct

Footnotes

F1: Vesting of Restricted Stock Unit (RSU) award granted on February 19, 2019.

F2: One-third of the RSUs vested on February 18, 2020; the remaining RSUs vest in two equal annual installments beginning February 18, 2021.

F3: Grant of Restricted Stock Units (RSUs) pursuant to the California Resources Corporation Long-Term Incentive Plan. Upon vesting, the RSUs will be settled 50% in shares of common stock and 50% in cash.

F4: The RSUs vest in three equal annual installments beginning February 17, 2021.

F5: The options vest in three equal annual installments beginning February 17, 2021.