Anadarko Petroleum Form 4 / Benjamin Matthew Fink ownership change

SEC Form 4

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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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^*

Fink Benjamin Matthew

(Last)

(First)

(Middle)

ANADARKO PETROLEUM CORPORATION

1201 LAKE ROBBINS DRIVE

(Street)

THE WOODLANDS

77380

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
ANADARKO PETROLEUM CORP [ APC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
EVP, Finance and CFO

3. Date of Earliest Transaction (Month/Day/Year)
08/08/2019

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	08/08/2019		D		19,896	D	⁽¹⁾	0	D

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Non Qualified Stock Option (Right to Buy)	$87.98	08/08/2019		D			1,614	⁽²⁾	06/07/2020	Common Stock	1,614	⁽³⁾	0	D
Non Qualified Stock Option (Right to Buy)	$92.02	08/08/2019		D			6,731	⁽²⁾	11/06/2020	Common Stock	6,731	⁽³⁾	0	D
Non Qualified Stock Option (Right to Buy)	$93.51	08/08/2019		D			16,462	⁽²⁾	11/06/2021	Common Stock	16,462	⁽³⁾	0	D
Non Qualified Stock Option (Right to Buy)	$69	08/08/2019		D			22,432	⁽²⁾	10/26/2022	Common Stock	22,432	⁽³⁾	0	D
Non Qualified Stock Option (Right to Buy)	$61.87	08/08/2019		D			21,546	⁽²⁾	11/10/2023	Common Stock	21,546	⁽³⁾	0	D
Non Qualified Stock Option (Right to Buy)	$68.14	08/08/2019		D			11,517	⁽²⁾	02/13/2024	Common Stock	11,517	⁽³⁾	0	D
Non Qualified Stock Option (Right to Buy)	$48.05	08/08/2019		D			64,225	⁽²⁾	11/14/2024	Common Stock	64,225	⁽³⁾	0	D
Non Qualified Stock Option (Right to Buy)	$55.51	08/08/2019		D			46,542	⁽²⁾	11/15/2025	Common Stock	46,542	⁽³⁾	0	D
Restricted Stock Units	⁽⁴⁾	08/08/2019		D			1,684	⁽⁵⁾	⁽⁵⁾	Common Stock	1,684	⁽⁶⁾	0	D
Restricted Stock Units	⁽⁴⁾	08/08/2019		D			16,163	⁽⁷⁾	⁽⁷⁾	Common Stock	16,163	⁽⁶⁾	0	D
Restricted Stock Units	⁽⁴⁾	08/08/2019		D			917	⁽⁵⁾	⁽⁵⁾	Common Stock	917	⁽⁶⁾	0	D
Restricted Stock Units	⁽⁴⁾	08/08/2019		D			9,539	⁽⁵⁾	⁽⁵⁾	Common Stock	9,539	⁽⁶⁾	0	D
Restricted Stock Units	⁽⁴⁾	08/08/2019		D			13,512	⁽⁵⁾	⁽⁵⁾	Common Stock	13,512	⁽⁶⁾	0	D
Dividend Equivalent Rights	⁽⁸⁾	08/08/2019		D			1,178	⁽⁸⁾	⁽⁸⁾	Common Stock	1,178	⁽⁸⁾	0	D

Explanation of Responses:

1. This Form 4 reports securities disposed upon the effectiveness of the acquisition of Anadarko Petroleum Corporation ("APC") by Occidental Petroleum Corporation ("OXY") on August 8, 2019, pursuant to the Agreement and Plan of Merger, dated as of May 9, 2019, by and among Occidental Petroleum Corporation, Baseball Merger Sub 1, Inc., and Anadarko Petroleum Corporation (the "Merger Agreement"). At the effective time, each outstanding share of APC common stock was converted into the right to receive $59 in cash and 0.2934 of a share of OXY common stock.

2. The option was exercisable in three annual installments beginning one year after the date of grant.

3. Pursuant to the Merger Agreement, at the effective time each outstanding stock option was cancelled and converted into the right to receive an amount in cash equal to the product of (a) the number of shares subject to such option multiplied by (b) the excess, if any, of (1) the sum of (i) 0.2934 multiplied by the OXY common stock closing stock price of $46.00 on August 7, 2019 plus (ii) $59 (the sum of (i) and (ii) shall be the "Option Consideration") over (2) the exercise price per share of such option. If the exercise price of an option is equal to or greater than the Option Consideration, the options were automatically cancelled for no consideration.

4. Each restricted stock unit represented a contingent right to receive one share of APC common stock.

5. The restricted stock units vest in three annual installments beginning one year after the date of grant, or upon an earlier qualifying termination of employment.

6. Pursuant to the Merger Agreement, at the effective time each outstanding restricted stock unit was converted into an OXY restricted stock/cash unit equal to (a) the number of outstanding restricted stock units multiplied by 0.2934 and (b) a cash amount equal to the number of outstanding restricted stock units multiplied by $59. The OXY restricted stock/cash unit will otherwise continue on the same terms and conditions as were applicable under such APC restricted stock unit, including any provisions for acceleration of vesting.

7. The restricted stock units vest four years after the date of grant or upon an earlier qualifying termination of employment.

8. The dividend equivalent units are inclusive of all outstanding dividend equivalent units accrued on all outstanding restricted stock units as of the effective time. The dividend equivalent units vest proportionately with the restricted stock units to which they relate. Each dividend equivalent unit is the economic equivalent of one share of APC common stock.

Remarks:

	/s/ Courtney H. Landry by power of atty. for Benjamin M. Fink	08/08/2019
	** 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.

Anadarko Petroleum Form 4ANADARKO PETROLEUM / Benjamin Matthew Fink ownership change