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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
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 control number. | SEC 1474 (9-02) |
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 Underlying Securities (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 of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Phantom Units (rights to common units) | (2) | 11/28/2017 | M | 37,975 | (3) | (4) | Common Units (Limited Partner Interests) | 37,975 | $ 0 | 0 | D | ||||
Phantom Units (rights to common units) | (2) | 11/28/2017 | M | 73,246 | (3) | (4) | Common Units (Limited Partner Interests) | 73,246 | $ 0 | 0 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Brock James A 1000 CONSOL ENERGY DRIVE, SUITE 100 CANONSBURG, PA 15317 |
X | SEE REMARKS |
/s/ Martha A. Wiegand, Attorney-in-Fact for James A. Brock | 11/30/2017 | |
**Signature of Reporting Person | Date |
* | 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). |
(1) | Represents units withheld to satisfy the reporting person's tax liability from the vesting of phantom units previously granted to him. |
(2) | Each phantom unit was the economic equivalent of one common unit. |
(3) | These phantom units vested and settled on November 28, 2017 in connection with a "change in control" as defined in, and pursuant to the terms of, the reporting person's Amended and Restated Change in Control Severance Agreement dated February 7, 2017. |
(4) | The phantom units expire upon settlement. The phantom units are settled upon vesting in common units (on a one-for-one basis) or, at the discretion of the Issuer, in cash. |
Remarks: The Reporting Person is Chief Executive Officer and a director of CONSOL Coal Resources GP LLC, the general partner of the Issuer (the "General Partner"). The Issuer is managed by the directors and executive officers of the General Partner. |