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Form 4 CHEVRON CORP For: Nov 28 Filed by: JOHNSON JAMES WILLIAM

November 30, 2022 5:48 PM EST

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FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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OMB Number: 3235-0287
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person *
JOHNSON JAMES WILLIAM

(Last) (First) (Middle)
6001 BOLLINGER CANYON ROAD

(Street)
SAN RAMON CA 94583

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
CHEVRON CORP [ CVX ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Executive Vice President
3. Date of Earliest Transaction (Month/Day/Year)
11/28/2022
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 11/28/2022   M (1)   50,800 A $ 117.24 50,800 D  
Common Stock 11/28/2022   M (1)   56,000 A $ 113.01 106,800 D  
Common Stock 11/28/2022   M (1)   36,666 A $ 110.37 143,466 D  
Common Stock 11/28/2022   S (1)   53,671 D $ 178.6366 (2) 89,795 D  
Common Stock 11/28/2022   S (1)   72,254 D $ 179.4819 (3) 17,541 D  
Common Stock 11/28/2022   S (1)   16,341 D $ 180.55 (4) 1,200 D  
Common Stock 11/28/2022   S (1)   1,200 D $ 181.135 (5) 0 D  
Common Stock 11/29/2022   M (1)   2,900 A $ 125.35 2,900 D  
Common Stock 11/29/2022   S (1)   2,900 D $ 181.7745 (6) 0 D  
Common Stock               5,777 I by 401(k) plan
Common Stock               11,552 I by JWJ Revocable Trust
Common Stock               1,000 I by Spouse Revocable Trust
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Non-Qualified Stock Option (Right to Buy) $ 117.24 11/28/2022   M     50,800   (7) 01/25/2027 Common Stock 50,800 $ 0 0 D  
Non-Qualified Stock Option (Right to Buy) $ 113.01 11/28/2022   M     56,000   (8) 01/30/2029 Common Stock 56,000 $ 0 0 D  
Non-Qualified Stock Option (Right to Buy) $ 110.37 11/28/2022   M     36,666   (9) 01/29/2030 Common Stock 36,666 $ 0 33,334 D  
Non-Qualified Stock Option (Right to Buy) $ 125.35 11/29/2022   M     2,900   (10) 01/31/2028 Common Stock 2,900 $ 0 37,300 D  
Explanation of Responses:
1. The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 25, 2022.
2. These shares were sold in multiple transactions at prices ranging from $178.05 to $179.04, inclusive. The price reported in Column 4 reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares sold at each separate price within the ranges set forth in footnotes (2), (3), (4), (5) and (6) to this Form 4.
3. These shares were sold in multiple transactions at prices ranging from $179.05 to $180.04, inclusive. The price reported in Column 4 reflects the weighted average sale price.
4. These shares were sold in multiple transactions at prices ranging from $180.05 to $181.03, inclusive. The price reported in Column 4 reflects the weighted average sale price.
5. These shares were sold in multiple transactions at prices ranging from $181.06 to $181.36, inclusive. The price reported in Column 4 reflects the weighted average sale price.
6. These shares were sold in multiple transactions at prices ranging from $181.73 to $181.85, inclusive. The price reported in Column 4 reflects the weighted average sale price.
7. Option granted January 25, 2017. One-third of the shares subject to the option vested on January 31, 2018, January 31, 2019 and January 31, 2020, respectively.
8. Option granted January 30, 2019. One-third of the shares subject to the option vested on January 31, 2020, January 31, 2021 and January 31, 2022, respectively.
9. Option granted January 29, 2020. One-third of the shares subject to the option vested on January 31, 2021, and one-third of the shares vested on January 31, 2022. The balance of the shares vests on January 31, 2023.
10. Option granted January 31, 2018. One-third of the shares subject to the option vested on January 31, 2019, January 31, 2020 and January 31, 2021, respectively.
/s/ Rose Z. Pierson, Attorney-in-Fact for James William Johnson 11/30/2022
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.


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