Smith Marshall D 4
4 · California Resources Corp · Filed Feb 22, 2019
Insider Transaction Report
Form 4
Smith Marshall D
Senior Exec. VP and CFO
Transactions
- Disposition to Issuer
Common Stock
2019-02-20$22.18/sh−5,526$122,567→ 126,107 total - Tax Payment
Common Stock
2019-02-20$22.18/sh−1,323$29,344→ 124,784 total - Exercise/Conversion
Restricted Stock Unit
2019-02-20−13,814→ 27,626 total→ Common Stock (13,814 underlying) - Exercise/Conversion
Common Stock
2019-02-20+13,814→ 131,633 total
Footnotes (2)
- [F1]Reflects the vesting of one-third of 41,440 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, 5,526 of the reporting person's RSUs were settled for cash, and the remaining 8,288 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.