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