Item 2 Unregistered Sales of Equity Securities and Use of Proceeds
−Removed: In May 2021, our Board of Directors authorized a Share Repurchase Program to acquire up to $150 million of our common stock through March 31, 2022.
−Removed: In August 2021, our Board of Directors increased the Share Repurchase Program by $100 million to $250 million.
+Added: Our Board of Directors authorized a Share Repurchase Program to acquire up to $250 million of our common stock through June 30, 2022.
The repurchases may be effected from time-to-time through open market purchases, privately negotiated transactions, Rule 10b5-1 plans, accelerated stock repurchases, derivative contracts or otherwise in compliance with Rule 10b-18, subject to market conditions.
1 unchanged sentence
Shares repurchased are held as treasury stock.
−Removed: Our share repurchase activity for the three months ended June 30, 2021 was as follows:
+Added: Our share repurchase activity for the three months ended September 30, 2021 was as follows:
Period Total Number of Shares Purchased Average Price Paid per Share Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs Maximum Dollar Value of Shares that May Yet be Purchased Under the Plans or Programs (a)
−Removed: April 1, 2021 - April 30, 2021 — $ — — $ —
−Removed: May 1, 2021 - May 31, 2021 161,017 $ 29.48 161,017 —
−Removed: June 1, 2021 - June 30, 2021 1,279,186 $ 31.82 1,279,186 —
+Added: July 1, 2021 - July 31, 2021 — $ — — $ —
+Added: August 1, 2021 - August 31, 2021 710,270 $ 29.90 710,270 —
+Added: September 1, 2021 - September 30, 2021 441,326 $ 39.08 441,326 —
Total 1,151,596 1,151,596 $ —
−Removed: (a) The dollar value of shares that may yet be purchased under the Share Repurchase Program totaled $105 million as of June 30, 2021 and is currently $205 million.
+Added: (a) The dollar value of shares that may yet be purchased under the Share Repurchase Program totaled $166 million as of September 30, 2021.
Item 5 Other Disclosures
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3.2 Amended and Restated Bylaws of California Resources Corporation (filed as Exhibit 3.2 to the Registrant’s Registration Statement on Form 8-A filed October 27, 2020 and incorporated herein by reference).
−Removed: 10.1 First Amendment to the Credit Agreement, dated as of May 7, 2021, by and among California Resources Corporation, as the Borrower, the several lenders from time to time parties thereto and Citibank, N.A., as Administrative Agent, Collateral Agent and an Issuing Bank (filed as Exhibit 10.1 to the Registrant's Current Report on Form 8-K filed May 1 0 , 2021 and incorporated herein by reference ) .
−Removed: 10.2 Employment Agreement by and between Shawn M.
−Removed: Kerns and California Resources Corporation, dated June 8, 2021 (filed as Exhibit 10.1 to the Registrant's Current Report on Form 8 -K filed June 11 , 2021 and incorporated herein by reference).
−Removed: 10.3 Employment Agreement by and between Francisco J.
−Removed: Leon and California Resources Corporation, dated June 8, 2021 (filed as Exhibit 10.2 to the Registrant's Current Report on Form 8 -K filed June 11 , 2021 and incorporated herein by reference).
−Removed: 10.4* Employment Agreement by and between Michael L.
−Removed: Preston and California Resources Corporation, dated June 8, 2021.
−Removed: 10.5* Employment Agreement by and between Jay A.
−Removed: Bys and California Resources Corporation, dated June 8, 2021.
−Removed: 10.6* Employment Agreement by and between Chris Gould and California Resources Corporation, dated June 1 4 , 2021.
31.1* Certification of CEO Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
11 unchanged sentences
CALIFORNIA RESOURCES CORPORATION
−Removed: August 5, 2021 /s/ Noelle M.
+Added: November 12, 2021 /s/ Noelle M.
Vice President and Controller
1 unchanged sentence
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.