SEC Form 4 · accession 0001209191-18-056351
ARCH COAL INC · ARCH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John T. Drexler
Officer — Sr. V.P. and CFO
Period of report
Oct 25, 2018
Accepted (ET)
Oct 29, 2018 · 10:53 am EDT
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 | — | Oct 25, 2018 | A | 8,550 | A | — | — | Class A Common Stock | 8,550 | 8,550 | D |
| Restricted Stock UnitsF1,F3 | — | Oct 25, 2018 | A | 8,550 | A | — | Oct 25, 2021 | Class A Common Stock | 8,550 | 8,550 | D |
| Restricted Stock UnitsF1,F4 | — | Oct 25, 2018 | A | 7,200 | A | — | — | Class A Common | 7,200 | 7,200 | 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 vest on the third anniversary of the grant date.
- F3The restricted stock units vest on October 25, 2021, based on the volume weighted average price of a share over any period of 45 consecutive days ("45 Day VWAP") during the three-year performance period.
- F4The restricted stock units vest as follows: 20% on the first anniversary of the date of grant; 30% on the second anniversary of the date of grant; and 50% on the third anniversary of the date of grant.