SEC Form 4 · accession 0001209191-17-014624
ARCH COAL INC · ARCH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John W Lorson
Officer — VP & Chief Acctg Officer
Period of report
Feb 23, 2017
Accepted (ET)
Feb 27, 2017 · 12:56 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001037676
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F2 | — | Feb 23, 2017 | A | 600 | A | — | — | Class A Common Stock | 600 | 600 | D |
| Restricted Stock UnitsF1,F3 | — | Feb 23, 2017 | A | 900 | A | — | Feb 23, 2020 | Class A Common Stock | 900 | 900 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock of Arch Coal, Inc.
- F2The restricted stock units will cliff vest on February 23, 2020. Vested shares are scheduled to be delivered to the reporting person on February 23, 2020.
- F3The restricted stock units vest on February 23, 2020 based on the volume weighted average price of a share over any period of 90 consecutive days during the three-year performance period, with 50% of the units vesting if the share price is $65 and 150% of the units vesting if the share price is $125 (subject to straight-line interpolation between these two share prices).