CHEVRON CORP — Director's Dealing 2017

Mar 15, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CHEVRON CORP (CVX)
CIK: 0000093410
Period of Report: 2017-03-13

Reporting Person: WATSON JOHN S (Director, Chairman and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-03-13	Common Stock	M	125000	$74.08	Acquired	201794	Direct
2017-03-13	Common Stock	S	125000	$110.3007	Disposed	76794	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-03-13	Non-Qualified Stock Option (Right to Buy)	$74.08	M	125000	Disposed	2017-03-28	Common Stock (125000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	26525	Indirect

Footnotes

F1: The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 4, 2016.

F2: This transaction was executed in multiple trades priced between $110.00 and $110.79. The price reported above reflects the weighted-average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transactions were effected.

F3: Between February 25, 2012 and March 13, 2017, the reporting person acquired 5,250 shares of Chevron Common Stock under the Chevron Employee Savings Investment Plan, a 401(k) plan.

F4: One-third of the shares subject to the option vested on each of the first, second and third anniversaries of the date of grant.