0001609253-21-000034.txt : 20210127
0001609253-21-000034.hdr.sgml : 20210127
20210127164107
ACCESSION NUMBER: 0001609253-21-000034
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20210125
FILED AS OF DATE: 20210127
DATE AS OF CHANGE: 20210127
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Leon Francisco
CENTRAL INDEX KEY: 0001732190
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-36478
FILM NUMBER: 21560404
MAIL ADDRESS:
STREET 1: 9200 OAKDALE AVENUE
STREET 2: SUITE 900
CITY: LOS ANGELES
STATE: CA
ZIP: 91311
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: California Resources Corp
CENTRAL INDEX KEY: 0001609253
STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311]
IRS NUMBER: 465670947
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 27200 TOURNEY ROAD
STREET 2: SUITE 200
CITY: SANTA CLARITA
STATE: CA
ZIP: 91355
BUSINESS PHONE: 8888484754
MAIL ADDRESS:
STREET 1: 27200 TOURNEY ROAD
STREET 2: SUITE 200
CITY: SANTA CLARITA
STATE: CA
ZIP: 91355
4
1
wf-form4_161178365361154.xml
FORM 4
X0306
4
2021-01-25
0
0001609253
California Resources Corp
CRC
0001732190
Leon Francisco
27200 TOURNEY ROAD, SUITE 200
SANTA CLARITA
CA
91355
0
1
0
0
EVP and CFO
Common Stock
2021-01-25
4
A
0
83123
0
A
83123
D
Performance Stock Units
2021-01-25
4
A
0
83124
0
A
Common Stock
83124.0
83124
D
Represents a grant of restricted stock units ("RSUs"). Each RSU represents a contingent right to receive one share of Common Stock. These RSUs will vest in three equal installments on each of January 25, 2022, 2023 and 2024 and, subject to certain exceptions, will be settled in shares of Common Stock within 45 days following the third anniversary of the grant date.
Represents the target number of performance stock units ("PSUs"). Each PSU represents a contingent right to receive one share of Common Stock. The actual number of PSUs that vest and become earned is based on the volume-weighted average price of a share of Common Stock as determined over any 60 consecutive trading days during the three-year performance period, and, subject to certain exceptions, will be settled in shares of Common Stock within 45 days following the end of the three-year performance period.
/s/ Ulrik Damborg, Attorney-in-Fact for Francisco Leon
2021-01-27