SEC Form 4 · accession 0000106455-17-000095
WESTMORELAND COAL Co · WLB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jennifer S Grafton
Officer — CAO, CLO & Secretary
Period of report
May 18, 2016
Accepted (ET)
Nov 15, 2017 · 7:46 pm EST
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 13, 2017 | M | 4,575 | $0.00 | A | 23,694 | D | |
| Common Stock | Apr 13, 2017 | D | 4,575 | $13.86 | D | 19,119 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash UnitsF1 | — | May 18, 2016 | A | 13,725 | A | Apr 1, 2017 | — | Common Stock | 13,725 | 13,725 | D |
| Cash UnitsF2,F1 | — | Apr 13, 2017 | M | 4,575 | D | Apr 1, 2017 | — | Common Stock | 4,575 | 9,150 | D |
Explanation of responses
- F1Each Cash Unit is settled solely in cash upon vesting and represents the economic equivalent of one share of the Issuer's common stock. These Cash Units vest in three equal installments on April 1, 2017, 2018 and 2019.
- F2Each Cash Unit was the economic equivalent of one share of the Issuer's common stock and automatically settled in cash pursuant to its terms.