SEC Form 4 · accession 0000106455-15-000039
WESTMORELAND COAL Co · WLB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Russell H Werner
Officer — Corporate Controller & PAO
Period of report
Apr 3, 2015
Accepted (ET)
Apr 7, 2015 · 6:31 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000106455
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Apr 3, 2015 | M | 705 | $0.00 | A | 4,736 | D | |
| Common Stock | Apr 3, 2015 | F | 230 | $26.61 | D | 4,506 | D | |
| Common Stock | Apr 3, 2015 | M | 181 | $0.00 | A | 4,687 | D | |
| Common Stock | Apr 3, 2015 | F | 36 | $26.61 | D | 4,651 | D | |
| Common Stock | Apr 3, 2015 | M | 1,542 | $0.00 | A | 6,193 | D | |
| Common Stock | Apr 3, 2015 | F | 621 | $26.61 | D | 5,572 | D | |
| Common StockF1 | holding | — | — | — | 4,725 | I | by 401(k) Plan |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF2,F3 | — | Apr 3, 2015 | M | 705 | D | Apr 1, 2015 | — | Common Stock | 705 | 0 | D |
| Restricted Stock UnitsF2,F3 | — | Apr 3, 2015 | M | 181 | D | Apr 1, 2015 | — | Common Stock | 181 | 362 | D |
| Restricted Stock UnitsF4,F2 | — | Apr 3, 2015 | M | 1,542 | D | Apr 1, 2015 | Apr 3, 2015 | Common Stock | 1,542 | 0 | D |
Explanation of responses
- F1The reporting person acquired additional shares of common stock under the Westmoreland Coal Company 401(k) plan since the date of the last report. The information in this report is based on plan information as of April 3, 2015.
- F2Each Restricted Stock Unit represents a contingent right to receive one share of common stock payable in common stock, cash or a combination thereof at the discretion of the Compensation and Benefits Committee.
- F3The Restricted Stock Units vest in three equal annual installments beginning on April 1st following the grant date.
- F4Performance-based Restricted Stock Units granted pursuant to Westmoreland Coal Company Amended and Restated 2007 Equity Incentive Plan for Employee and Non-Employee Directors on April 1, 2012. This award was earned at 73% of target grant.