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OCCIDENTAL PETROLEUM CORP /DE/ — Director's Dealing 2016
May 6, 2016
30025_dirs_2016-05-06_f1cb794b-db77-4b09-ae4b-7ee4b6fcd764.zip
Director's Dealing
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SEC Form 3 — Initial Statement of Beneficial Ownership
Issuer: OCCIDENTAL PETROLEUM CORP /DE/ (OXY)
CIK: 0000797468
Period of Report: 2016-04-29
Reporting Person: Elliott Joseph C. (Vice President)
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 8305 | Direct |
| Common Stock | 3926 | Indirect |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Employee Stock Options (right to buy) | $79.98 | 2022-02-11 | Common Stock (15000) | Direct | |
| Long-Term Incentive Units | $ | Common Stock (630) | Direct | ||
| Long-Term Incentive Units | $ | Common Stock (1103) | Direct |
Footnotes
F1: The amount reported consists of 1,305 shares of the issuer's common stock held by the reporting person and 7,000 restricted stock units ("RSUs") granted to the reporting person under the issuer's 2015 Long-Term Incentive Plan on February 17, 2016. Each RSU represents a contingent right to receive one share of the issuer's common stock. The RSUs vest in three equal annual installments beginning on February 28, 2017.
F2: Based on a plan statement dated May 2, 2016.
F3: The employee stock options (the "options") were granted to the reporting person under the issuer's 2005 Long-Term Incentive Plan (the "2005 LTIP") on February 11, 2015. The first tranche, consisting of 5,000 options, vested on February 10, 2016 but remains unexercised. The second and third tranches, each consisting of 5,000 options, will vest on February 10, 2017 and February 10, 2018, respectively.
F4: The amount reported reflects the remaining unvested tranches of an award of Long-Term Incentive Units ("LTIs") granted to the reporting person under the 2005 LTIP on July 10, 2013. The tranche will vest on July 9, 2016. LTIs are settleable 50% in shares of stock and 50% in cash based on the value of a share of the issuer's common stock on the applicable vesting date.
F5: The amount reported reflects the remaining unvested tranches of an award of LTIs granted to the reporting person under the 2005 LTIP on July 9, 2014. The second of three tranches, consisting of 551 LTIs, will vest on July 8, 2016, and the third of three tranches, consisting of 552 LTIs, will vest on July 8, 2017.