OCCIDENTAL PETROLEUM CORP /DE/ — Director's Dealing 2014

Dec 8, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: OCCIDENTAL PETROLEUM CORP /DE/ (OXY)
CIK: 0000797468
Period of Report: 2014-12-04

Reporting Person: Kirk Jennifer M (Vice President and Controller)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-12-04	Common Stock	J	49	$0.00	Acquired	1455	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-12-04	Long-Term Incentive Units	$	J	26	Acquired		Common Stock (26)	Direct
2014-12-04	Long-Term Incentive Units	$	J	35	Acquired		Common Stock (35)	Indirect
2014-12-04	Long-Term Incentive Units	$	J	24	Acquired		Common Stock (24)	Indirect
2014-12-04	Long-Term Incentive Units	$	J	11	Acquired		Common Stock (11)	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1072.72	Indirect
Common Stock	153	Indirect
Common Stock	970.42	Indirect

Footnotes

F1: On November 30, 2014, the Issuer distributed to its stockholders 0.4 shares of California Resources Corporation ("CRC") common stock for every one share of the Issuer's common stock outstanding as of November 17, 2014, the record date for the distribution, in connection with the spin-off of CRC from Occidental (the "Spin-Off"). The amount reported reflects additional restricted stock of the Issuer issued to the reporting person as a result of the adjustment of certain unvested restricted stock held by the reporting person in connection with the Spin-Off. Such adjustment was made based upon on the relative volume weighted average per share prices (trading "regular way") of Occidental common stock on four-day trading periods ending November 28, 2014 and December 4, 2014, respectively.

F2: The amount reported reflects additional Long-Term Incentive Units ("LTIs") of the Issuer issued to the reporting person as a result of the adjustment of certain LTIs held by the reporting person, or the reporting person's spouse, as applicable, in connection with the Spin-Off. Such adjustment was made based upon on the relative volume weighted average per share prices (trading "regular way") of Occidental common stock on four-day trading periods ending November 28, 2014 and December 4, 2014, respectively.

F3: LTIs are settleable 50% in shares of stock and 50% in cash based on the value of a share of stock on the applicable vesting date.

F4: On July 11, 2012, the reporting person was granted 1,419 LTIs, which vest in three equal installments beginning on the first anniversary of the grant date.

F5: On July 9, 2014, the reporting person's spouse was granted 638 LTIs, which vest in three equal installments beginning on the first anniversary of the grant date.

F6: On July 10, 2013, the reporting person's spouse was granted 661 LTIs, which vest in three equal installments beginning on the first anniversary of the grant date.

F7: On July 11, 2012, the reporting person's spouse was granted 592 LTIs, which vest in three equal installments beginning on the first anniversary of the grant date.