SEC Form 4 · accession 0000106455-15-000044
WESTMORELAND COAL Co · WLB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Keith E Alessi
Officer — Chief Executive Officer · Director
Period of report
Apr 3, 2015
Accepted (ET)
Apr 7, 2015 · 6:39 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 | 23,883 | $0.00 | A | 241,939 | D | |
| Common Stock | Apr 3, 2015 | F | 11,102 | $26.61 | D | 230,837 | D | |
| Common Stock | Apr 3, 2015 | M | 52,500 | $0.00 | A | 283,337 | D | |
| Common Stock | Apr 3, 2015 | F | 24,389 | $26.61 | D | 258,948 | D | |
| Common Stock | Apr 3, 2015 | M | 6,096 | $0.00 | A | 265,044 | D | |
| Common Stock | Apr 3, 2015 | F | 2,774 | $26.61 | D | 262,270 | D | |
| Common Stock | holding | — | — | — | 8,153 | I | By SEP Plan | |
| Common Stock | holding | — | — | — | 771 | 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 UnitsF1,F2 | — | Apr 3, 2015 | M | 23,883 | D | Apr 1, 2015 | — | Common Stock | 23,883 | 0 | D |
| Restricted Stock UnitsF1,F2 | — | Apr 3, 2015 | M | 6,096 | D | Apr 1, 2015 | — | Common Stock | 6,096 | 12,192 | D |
| Restricted Stock UnitsF3,F1 | — | Apr 3, 2015 | M | 52,500 | D | Apr 1, 2015 | Apr 3, 2015 | Common Stock | 52,500 | 0 | D |
Explanation of responses
- F1Each 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.
- F2The Restricted Stock Units vest in three equal annual installments beginning on April 1st following the grant date.
- F3Performance-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.