SEC Form 4 · accession 0001070412-16-000175
CNX Resources Corp · CNX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Stephen W Johnson
Officer — EVP - Chief Administrative Off
Period of report
May 11, 2016
Accepted (ET)
May 13, 2016 · 4:10 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001070412
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common shares, $0.01 par value per shareF1 | holding | — | — | — | 117,787 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (right to buy)F2,F3 | $7.94 | May 11, 2016 | A | 172,194 | A | — | Jan 29, 2026 | Common shares, $0.01 par value per share | 172,194 | 172,194 | D |
Explanation of responses
- F1Of the 117,787 shares owned directly, 21,389 are restricted stock units (including dividend equivalent rights).
- F2The option grant was approved by the Compensation Committee of CONSOL Energy's Board of Directors on January 27, 2016, subject to shareholder approval of the Equity Incentive Plan under which the option was granted. CONSOL's shareholders approved the plan on May 11, 2016.
- F3The stock option grant provides that the options vest and become exercisable one-third per year beginning on January 29, 2017.