Effective December 12, 2014, the officers of Occidental Petroleum Corporation listed below are expected to comply with the following stock ownership guidelines by five years from the latter of the effective date of the guidelines or the date the individual is first selected to be an executive officer.
Target Stock Holdings
Multiple of Base Salary
Chief Executive Officer
Executive Vice Presidents and Chief Financial Officer
Senior Vice Presidents
Other Vice Presidents
Forms of Stock Ownership That Will Meet The Guidelines
Direct stock holdings*
Shares held in the Occidental Petroleum Corporation Savings Plan (401K)
Long-term stock awards, including, without limitation, restricted stock awards, restricted stock units, vested performance stock awards and vested performance stock units (unvested performance stock awards and units will not count towards target holdings)
Deferred stock units
* For purposes of these guidelines, shares held in a living trust or by a family partnership or corporation controlled by the officer will be deemed to be directly held unless the officer expressly disclaims beneficial ownership of such shares.