The following is a summary of the Oxy common stock including stock awards,
held by the company's named executive officers as of February 28, 2010. Oxy
has had executive stock ownership guidelines in effect since January 1, 1996.
To learn more about Oxy's executive stock ownership guidelines,
click here.
| Name and Title |
Sole Voting and
Investment
Shares (1)
|
Restricted
Shares
|
Exercisable
Options (2)
|
Stock
Units(3)
|
Total (4)
|
Ray R. Irani
Chairman and Chief
Executive Officer
|
7,458,741(5) |
0 |
0 |
870,724 |
8,329,465 |
|
Stephen I.
Chazen
President and Chief
Financial Officer
|
1,987,139 |
0 |
0 |
379,723 |
2,366,862 |
|
Donald P.
de Brier
Executive Vice
President, General
Counsel and
Corporate
Secretary
|
681,528 |
0 |
565,946 |
79,925 |
1,327,399 |
|
William E.
Albrecht
Vice President;
President,
Oxy Oil and Gas -
U.S.A.
|
4,498 |
0 |
0 |
34,567 |
39,065 |
|
R. Casey Olson (6)
Executive Vice
President and
President Oxy Oil
and Gas, Eastern
Hemisphere
|
122,478 |
0 |
0 |
28,321 |
150,799 |
(1) Includes shares held through the Occidental Petroleum Corporation Savings Plan as of February 28, 2010.
(2) Includes options and stock appreciation rights which will be exercisable within 60 days.
(3) Includes restricted stock unit awards and awards at target level under performance stock awards.
Until the restricted or performance period ends, as applicable, and, in the case of performance stock
awards, until the awards are certified, no shares of common stock are issued. However, grant recipients
receive dividend equivalents on the restricted stock units during the restricted period and on the target
share amount of performance stock awards during the performance period.
(4) Total is the sum of the four previous columns. For a more detailed analysis, see pages 11 and 28-31
of the
2010 Proxy Statement.
For information on transactions subsequent to February 28, 2010, see the
Statements of Changes in Beneficial Ownership on Form 4 filed by the named individuals, which can be
found in the
Investor Relations, SEC filings section.
(5) Includes 272,000 shares beneficially owned by Dr. Irani through a limited partnership and the
Irani Family Foundation.
(6) Retired December 31, 2009.
EXECUTIVE STOCK OWNERSHIP GUIDELINES
Executive Ownership as of February 28, 2010
|
|
Target Ownership
Requirement
|
Compliance with
Requirement
|
|
Name
|
Multiple of Base Salary |
Multiple Expressed
In Dollars
|
Shares Held
by Executive (1)
|
Value of
Shares Held
by Executive (2)
|
| Ray R. Irani
|
10 |
$ |
11,700,000 |
8,329,465 |
$ |
665,107,780 |
|
Stephen I. Chazen
|
5 |
$ |
3,600,000 |
2,366,862 |
$ |
188,993,931 |
|
Donald P. de Brier
|
5 |
$ |
2,479,000 |
761,453 |
$ |
60,802,022 |
|
William E. Albrecht
|
5 |
$ |
2,000,000 |
39,065 |
$ |
3,119,340 |
| R. Casey Olson
|
5 |
$ |
2,160,000 |
150,799 |
$ |
12,041,300 |
(1) The following forms of stock ownership are counted toward satisfaction of the guidelines:
-
Direct stock holdings, including shares held in a living trust or by a family
partnership or corporation
controlled by the officer unless the officer expressly disclaims beneficial
ownership of such shares.
-
Shares held in the Occidental Petroleum Corporation Savings Plan.
-
Long-term stock awards, including, without limitation, restricted stock awards, restricted
stock units, performance stock awards
and performance stock units. Stock options and
stock appreciation rights are not included.
(2)
Value is based on the closing price on the New York Stock Exchange of the Common Stock as of
February 28, 2010, which was $79.85.
|
|