Kerns Shawn M. 4
4 · California Resources Corp · Filed Feb 20, 2020
Insider Transaction Report
Form 4
Kerns Shawn M.
Exec. VP - Corp. Development
Transactions
- Exercise/Conversion
Common Stock
2020-02-18+7,218→ 62,215.12 total - Disposition to Issuer
Common Stock
2020-02-18$6.20/sh−3,609$22,376→ 58,606.12 total - Exercise/Conversion
Restricted Stock Unit
2020-02-18−7,218→ 14,432 total→ Common Stock (7,218 underlying) - Award
Restricted Stock Unit
2020-02-18+75,807→ 75,807 total→ Common Stock (75,807 underlying) - Award
Employee Stock Option (Right to Buy)
2020-02-18+35,499→ 35,499 totalExercise: $6.82Exp: 2027-02-17→ Common Stock (35,499 underlying)
Footnotes (5)
- [F1]Vesting of Restricted Stock Unit (RSU) award granted on February 19, 2019.
- [F2]One-third of the RSUs vested on February 18, 2020; the remaining RSUs vest in two equal annual installments beginning February 18, 2021.
- [F3]Grant of Restricted Stock Units (RSUs) pursuant to the California Resources Corporation Long-Term Incentive Plan. Upon vesting, the RSUs will be settled 50% in shares of common stock and 50% in cash.
- [F4]The RSUs vest in three equal annual installments beginning February 17, 2021.
- [F5]The options vest in three equal annual installments beginning February 17, 2021.