Stevens Todd A. 4
4 · California Resources Corp · Filed Feb 22, 2019
Insider Transaction Report
Form 4
Stevens Todd A.
DirectorPresident and CEO
Transactions
- Exercise/Conversion
Restricted Stock Unit
2019-02-20−37,805→ 75,609 total→ Common Stock (37,805 underlying) - Exercise/Conversion
Common Stock
2019-02-20+37,805→ 296,798 total - Disposition to Issuer
Common Stock
2019-02-20$22.18/sh−15,122$335,406→ 281,676 total - Tax Payment
Common Stock
2019-02-20$22.18/sh−3,622$80,336→ 278,054 total
Footnotes (2)
- [F1]Reflects the vesting of one-third of 113,414 Restricted Stock Units (RSUs) granted on February 21, 2018. Each RSU was the economic equivalent of one share of California Resources Corporation (CRC) common stock. On February 20, 2019, 15,122 of the reporting person's RSUs were settled for cash, and the remaining 22,683 were settled for an equal number of shares of CRC common stock.
- [F2]One-third of the RSUs vested on February 20, 2019; the remaining RSUs vest in two equal annual installments beginning February 20, 2020.