SEC Form 4 · accession 0001070412-16-000178
CNX Resources Corp · CNX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
N J Deiuliis
Officer — President and CEO · Director
Period of report
May 11, 2016
Accepted (ET)
May 13, 2016 · 4:11 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 | Mar 24, 2016 | G | 30,000 | $0.00 | D | 220,494 | D | |
| Common shares, $0.01 par value per share | Mar 24, 2016 | G | 30,000 | $0.00 | A | 30,000 | I | By 2016-1 GRAT |
| Common shares, $0.01 par value per share | holding | — | — | — | 3,029 | I | By 2014-1 GRAT | |
| Common shares, $0.01 par value per share | holding | — | — | — | 30,000 | I | By 2015-1 GRAT | |
| Common shares, $0.01 par value per share | holding | — | — | — | 40,072 | I | By 2015-2 GRAT | |
| Common shares, $0.01 par value per share | holding | — | — | — | 100,000 | I | By 2015-3 GRAT | |
| Common shares, $0.01 par value per shareF2 | holding | — | — | — | 1,098 | I | By Trust for Daughters |
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)F3,F4 | $7.94 | May 11, 2016 | A | 688,776 | A | — | Jan 29, 2026 | Common shares, $0.01 par value per share | 688,776 | 688,776 | D |
Explanation of responses
- F1Of the 220,494 shares owned directly, 75,916 are restricted stock units (including dividend equivalent rights).
- F2The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for the purposes of Section 16 or for any other purpose.
- F3The 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.
- F4The stock option grant provides that the options vest and become exercisable one-third per year beginning on January 29, 2017.