SEC Form 4 · accession 0000106455-15-000072
WESTMORELAND COAL Co · WLB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Nathan M. Troup
Officer — Principal Accounting Officer
Period of report
Jun 9, 2015
Accepted (ET)
Jun 11, 2015 · 8:33 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000106455
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 UnitsF2,F1 | — | Jun 9, 2015 | A | 2,517 | A | Apr 1, 2016 | — | Common Stock | 2,517 | 2,517 | D |
| Performance Based Restricted Stock UnitsF3 | — | Jun 9, 2015 | A | 2,516 | A | Apr 1, 2018 | Apr 1, 2018 | Common Stock | 3,774 | 2,516 | D |
Explanation of responses
- F1The Restricted Stock Units vest in three equal annual installments beginning on April 1st following the grant date.
- 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.
- F3Each Performance Based Restricted Stock Unit represents a contingent right to receive up to 1.5 shares of common stock. The units vest over approximately three years and become payable on April 1, 2018 based upon a comparison of the company's relative total shareholder return over the vesting period to a weighted total shareholder return during such period of companies in the Russell 3000 Index and in the Market Vectors Global Coal Index with principal places of business in the US, Australia or Canada.