Filing Details

Accession Number:
0000950142-21-004150
Form Type:
4
Zero Holdings:
No
Publication Time:
2021-12-22 17:02:42
Reporting Period:
2021-12-20
Accepted Time:
2021-12-22 17:02:42
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1609253 California Resources Corp CRC () DE
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1278951 Goldentree Asset Management Lp 300 Park Avenue
21St Floor
New York NY 10022
No No Yes No
1435626 A. Steven Tananbaum 300 Park Avenue
21St Floor
New York NY 10022
No No Yes No
1435627 Goldentree Asset Management Llc 300 Park Avenue
21St Floor
New York NY 10022
No No Yes No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Acquisiton 2021-12-20 6,900 $38.70 9,546,170 No 4 P Indirect See footnotes
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 P Indirect See footnotes
Footnotes
  1. This Form 4 is filed on behalf of GoldenTree Asset Management LP (the "Advisor"), GoldenTree Asset Management LLC (the "General Partner") and Steven A. Tananbaum (collectively, the "Reporting Persons"). The Advisor is the investment manager or advisor to certain funds and separate accounts managed by the Advisor (the "Funds") and may be deemed to have a pecuniary interest in the securities directly held by the Funds. The General Partner is the general partner of the Advisor and may be deemed to have a pecuniary interest in the Common Stock reported herein in which the Advisor has a pecuniary interest. Steven A. Tananbaum is the managing member of the General Partner and may be deemed to have a pecuniary interest in the Common Stock reported herein in which the Advisor and the General Partner have a pecuniary interest.
  2. The Advisor, the General Partner, and Mr. Tananbaum disclaim beneficial ownership of the Common Stock held by the Funds.
  3. Common Stock held directly by certain funds and separate accounts managed by the Advisor.
  4. A profit of $642 calculated by matching this purchase with the sale of 6,900 shares of Common Stock on October 29, 2021 at a purchase price of $45.11 per share, will be disgorged to the issuer on or about December 30, 2021. Pursuant to Instruction 4(b)(iv) to Form 4, the Reporting Persons report on Form 4 the entire amount of securities acquired, disposed of, or beneficially owned by certain Funds instead of the Reporting Persons' indirect beneficial ownership thereinThe amount of profit calculated reflects Mr. Tananbaum's proportionate indirect pecuniary interest in the transactions.