Williams Darren 4
4 · California Resources Corp · Filed Feb 20, 2020
Insider Transaction Report
Form 4
Williams Darren
EVP - Exploration
Transactions
- Exercise/Conversion
Common Stock
2020-02-18+6,756→ 68,195 total - Award
Restricted Stock Unit
2020-02-18+70,968→ 70,968 total→ Common Stock (70,968 underlying) - Disposition to Issuer
Common Stock
2020-02-18$6.20/sh−3,378$20,944→ 64,817 total - Tax Payment
Common Stock
2020-02-18$6.20/sh−180$1,116→ 64,637 total - Exercise/Conversion
Restricted Stock Unit
2020-02-18−6,756→ 13,512 total→ Common Stock (6,756 underlying) - Award
Employee Stock Option (Right to Buy)
2020-02-18+33,233→ 33,233 totalExercise: $6.82Exp: 2027-02-17→ Common Stock (33,233 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.