Goldentree Asset Management Lp - Dec 20, 2021 Form 4 Insider Report for California Resources Corp (CRC)

Role
10%+ Owner
Signature
GoldenTree Asset Management LP, By: GoldenTree Asset Management LLC, its General Partner, /s/ Steven A. Tananbaum
Stock symbol
CRC
Transactions as of
Dec 20, 2021
Transactions value $
$267,030
Form type
4
Date filed
12/22/2021, 04:02 PM
Previous filing
Dec 15, 2021
Next filing
Dec 29, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CRC Common Stock Purchase $267K +6.9K +0.07% $38.70 9.55M Dec 20, 2021 See footnotes F1, F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 The Advisor, the General Partner, and Mr. Tananbaum disclaim beneficial ownership of the Common Stock held by the Funds.
F3 Common Stock held directly by certain funds and separate accounts managed by the Advisor.
F4 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.