CHEVRON CORP — Director's Dealing 2019

Dec 20, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CHEVRON CORP (CVX)
CIK: 0000093410
Period of Report: 2019-12-17

Reporting Person: MORRIS RHONDA J (Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-12-17	Common Stock	M	7800	$73.70	Acquired	8598	Direct
2019-12-17	Common Stock	S	7800	$119.6829	Disposed	798	Direct
2019-12-17	Common Stock	M	8100	$73.70	Acquired	34349	Indirect
2019-12-17	Common Stock	S	8100	$119.6835	Disposed	26249	Indirect
2019-12-17	Common Stock	M	39	—	Acquired	837	Direct
2019-12-17	Common Stock	F	39	$118.60	Disposed	798	Direct
2019-12-17	Common Stock	M	22	—	Acquired	820	Direct
2019-12-17	Common Stock	F	22	$118.60	Disposed	798	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-12-17	Non-Qualified Stock Option (Right to Buy)	$73.70	M	7800	Disposed	2020-01-27	Common Stock (7800)	Direct
2019-12-17	Non-Qualified Stock Option (Right to Buy)	$73.70	M	8100	Disposed	2020-01-27	Common Stock (8100)	Indirect
2019-12-17	Restricted Stock Units	$	M	39	Disposed		Common Stock (39)	Direct
2019-12-17	Restricted Stock Units	$	M	22	Disposed		Common Stock (22)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	9108	Indirect
Common Stock	770	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 29, 2019.

F2: This number includes dividend accruals (10 shares).

F3: This transaction was executed in multiple trades at prices ranging from $119.53 to $119.81. 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 sold at each separate price within the range provided.

F4: The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person's spouse on August 29, 2019.

F5: This number includes dividend accruals (1,003 shares).

F6: This transaction was executed in multiple trades at prices ranging from $119.55 to $119.82. 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 sold at each separate price within the range provided.

F7: Reflects withholding of shares to cover required tax obligations under the terms of the award agreement due to the reporting person's age and years of service.

F8: Between February 2, 2019 and December 17, 2019, the reporting person acquired 420 shares of Chevron Common Stock under the Chevron Employee Savings Investment Plan, a 401(k) plan.

F9: Option granted January 27, 2010. One-third of the shares subject to the option vested on each of the first, second and third anniversaries of the date of grant.

F10: Restricted stock units granted on January 31, 2018 under the Chevron Corporation Long-Term Incentive Plan. Each restricted stock unit is the economic equivalent of one share of Chevron Corporation common stock. Restricted stock units accrue dividend equivalents in the form of additional restricted stock units and are payable in cash upon vesting on January 31, 2023.

F11: Between February 2, 2019 and December 17, 2019, the reporting person acquired dividend equivalents (115 shares).

F12: Restricted stock units granted on January 25, 2017 under the Chevron Corporation Long-Term Incentive Plan. Each restricted stock unit is the economic equivalent of one share of Chevron Corporation common stock. Restricted stock units accrue dividend equivalents in the form of additional restricted stock units and are payable in cash upon vesting on January 31, 2022.

F13: Between February 2, 2019 and December 17, 2019, the reporting person acquired dividend equivalents (125 shares).