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Occidental Petroleum Corporation's CEO just disposed of 5,000 shares

Stephen I Chazen, Occidental Petroleum Corporation's CEO and a director of the company, recently disposed of 5,000 shares of the company. The disposals took place at prices ranging from $74.36 to $75.37 per share, on dates ranging from April 19 to April 21, 2016. Chazen still owns 1,861,806 shares of the company. Chazen operates out of Houston, TX. Some additional info was provided as follows:

The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by Mr. Chazen on October 30, 2015 in order to satisfy personal charitable contributions and commitments for 2016. Under the terms of the plan, Mr. Chazen may sell up to 250,000 shares of Occidental Petroleum Corporation's common stock in a non-discretionary manner on a ratable, bi-wee kly basis over a one-year period, beginning December 1, 2015. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $73.88 to $74.56, inclusive. The reporting person undertakes to provide to Occidental Petroleum Corporation, any security holder of Occidental Petroleum Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnote 2 of this Form 4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $74.98 to $75.65, inclusive. The reporting person undertakes to provide to Occidental Petroleum Corporation, any security holder of Occidental Petroleum Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnote 3 of this Form 4. Based on a plan statement dated March 31, 2016.

The above information was disclosed in a filing to the SEC. To see the filing, click here.

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Other recent filings from the company include the following:

Occidental Petroleum Corporation's CEO just disposed of 5,000 shares - April 14, 2016
Occidental Petroleum Corporation's CEO just disposed of 5,000 shares - April 7, 2016

Entry into a Material Definitive - April 1, 2016