SEC Form 4 · accession 0000106455-16-000132
WESTMORELAND COAL Co · WLB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jennifer S Grafton
Officer — SVP, CAO & Secretary
Period of report
Apr 6, 2016
Accepted (ET)
Apr 7, 2016 · 5:35 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 6, 2016 | M | 1,138 | $0.00 | A | 12,999 | D | |
| Common Stock | Apr 6, 2016 | F | 431 | $7.19 | D | 12,568 | D | |
| Common Stock | Apr 6, 2016 | M | 3,101 | $0.00 | A | 15,669 | D | |
| Common Stock | Apr 6, 2016 | F | 1,274 | $7.19 | D | 14,395 | D | |
| Common Stock | holding | — | — | — | 8,065 | 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 6, 2016 | M | 1,138 | D | Apr 1, 2016 | — | Common Stock | 1,138 | 1,138 | D |
| Restricted Stock UnitF1,F2 | — | Apr 6, 2016 | M | 3,101 | D | Apr 1, 2016 | — | Common Stock | 3,101 | 6,202 | 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.