0000899243-23-013283.txt : 20230518
0000899243-23-013283.hdr.sgml : 20230518
20230518182717
ACCESSION NUMBER: 0000899243-23-013283
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20230516
FILED AS OF DATE: 20230518
DATE AS OF CHANGE: 20230518
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: BUFFETT WARREN E
CENTRAL INDEX KEY: 0000315090
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-09210
FILM NUMBER: 23937448
BUSINESS ADDRESS:
STREET 1: 3555 FARNAM ST
STREET 2: STE 1440
CITY: OMAHA
STATE: NE
ZIP: 68131
BUSINESS PHONE: 402-346-1400
MAIL ADDRESS:
STREET 1: 3555 FARNAM ST
STREET 2: STE 1440
CITY: OMAHA
STATE: NE
ZIP: 68131
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: BERKSHIRE HATHAWAY INC
CENTRAL INDEX KEY: 0001067983
STANDARD INDUSTRIAL CLASSIFICATION: FIRE, MARINE & CASUALTY INSURANCE [6331]
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-09210
FILM NUMBER: 23937449
BUSINESS ADDRESS:
STREET 1: 3555 FARNAM STREET
CITY: OMAHA
STATE: NE
ZIP: 68131
BUSINESS PHONE: 4023461400
MAIL ADDRESS:
STREET 1: 3555 FARNAM STREET
CITY: OMAHA
STATE: NE
ZIP: 68131
FORMER NAME:
FORMER CONFORMED NAME: NBH INC
DATE OF NAME CHANGE: 19980810
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: OCCIDENTAL PETROLEUM CORP /DE/
CENTRAL INDEX KEY: 0000797468
STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311]
IRS NUMBER: 954035997
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 5 GREENWAY PLAZA
STREET 2: SUITE 110
CITY: HOUSTON
STATE: TX
ZIP: 77046
BUSINESS PHONE: 7132157000
MAIL ADDRESS:
STREET 1: 5 GREENWAY PLAZA
STREET 2: SUITE 110
CITY: HOUSTON
STATE: TX
ZIP: 77046
4
1
doc4.xml
FORM 4 SUBMISSION
X0407
4
2023-05-16
0
0000797468
OCCIDENTAL PETROLEUM CORP /DE/
OXY
0001067983
BERKSHIRE HATHAWAY INC
3555 FARNAM STREET
OMAHA
NE
68131
0
0
1
0
0000315090
BUFFETT WARREN E
3555 FARNAM STREET
OMAHA
NE
68131
0
0
1
0
0
Common Stock
2023-05-16
4
P
0
1625257
58.2203
A
215498168
I
See footnotes
Common Stock
2023-05-17
4
P
0
614020
58.6597
A
216112188
I
See footnotes
Common Stock
2023-05-18
4
P
0
1217945
58.1144
A
217330133
I
See footnotes
Series A Preferred Stock
93532
I
See footnotes
Warrants to Purchase Shares of Common Stock
59.624
Common Stock
83858848.81
83858848.81
I
See Footnotes
The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $58.0100 to $58.7500. The Reporting Persons undertake to provide Occidental Petroleum Corporation ("Occidental"), any security holder of Occidental, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in footnote 1 to this Form 4.
The shares of the issuer's common stock reported on this form are held by Berkshire Hathaway Inc. ("Berkshire") indirectly through its subsidiary, National Indemnity Company.
As Berkshire is in the chain of ownership of each subsidiary listed, it may be deemed presently to both beneficially own and have a pecuniary interest in all shares and derivative securities, as applicable, presently directly owned by such subsidiaries. Warren E. Buffett, as the controlling stockholder of Berkshire, may be deemed presently to beneficially own, but only to the extent he has a pecuniary interest in, the shares and derivative securities, as applicable, presently owned by each of these subsidiaries. Mr. Buffett disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein. In addition, in order to avoid double counting, all shares and derivative securities, as applicable, reported as being owned by each subsidiary listed only reflect shares or derivative securities, as applicable, that are owned directly by such subsidiary,
(Continued from footnote 3) and do not reflect any shares that such subsidiary may be deemed to beneficially own by virtue of ownership or control of any other subsidiary otherwise reported on this form.
The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $58.1750 to $58.9200. The Reporting Persons undertake to provide Occidental, any security holder of Occidental, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in footnote 5 to this Form 4.
The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $57.7750 to $58.2500. The Reporting Persons undertake to provide Occidental, any security holder of Occidental, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in footnote 6 to this Form 4.
The shares of the issuer's preferred stock reported on this form were issued on August 8, 2019 and are held by Berkshire indirectly through its subsidiary, National Indemnity Company.
The warrants contain provisions that adjust the exercise price and the number of shares of the issuer's common stock issuable on exercise upon the occurrence of certain events. As such, the exercise price and the number of shares of the issuer's common stock issuable on exercise as reported on this form are subject to change upon the occurrence of future events in accordance with the terms of the warrants. The warrants were initially for 80,000,000 shares with an initial exercise price of $62.50 per share. On June 26, 2020, the issuer's board of directors declared a distribution to its common shareholders of warrants to purchase additional shares of common stock, which distribution resulted in an anti-dilution adjustment to the warrants, which lowered the exercise price to $59.624 and increased the number of shares issuable on exercise of the warrants to 83,858,848.81.
The warrants were issued on August 8, 2019 and are exercisable at the applicable holder's option, in whole or in part, until the first anniversary of the date on which no shares of the issuer's series A preferred stock remain outstanding, at which time the warrants expire.
The warrants to purchase the issuer's common stock reported on this form are held by Berkshire indirectly through the following Berkshire subsidiaries: Berkshire Hathaway Life Insurance Company of Nebraska (3,018,918.56), Berkshire Hathaway Specialty Insurance Company (1,677,176.98), Columbia Insurance Company (10,608,144.37), Government Employees Insurance Company (27,254,125.86), GEICO Indemnity Company (8,385,884.88), GEICO Casualty Company (3,270,495.10), BHG Life Insurance Company (5,870,119.42), and National Indemnity Company (23,773,983.64).
/s/ Warren E. Buffett, on behalf of himself and each other reporting person hereunder
2023-05-18