SEC Form 4 · accession 0001070412-18-000058
CNX Resources Corp · CNX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William N Thorndike Jr.
Director
Period of report
May 9, 2018
Accepted (ET)
May 11, 2018 · 4:08 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 | May 9, 2018 | A | 28,940 | $0.00 | A | 160,096 | D | |
| Common shares, $0.01 par value per shareF2 | holding | — | — | — | 35,000 | I | By Trust | |
| Common shares, $0.01 par value per shareF3 | holding | — | — | — | 50,000 | I | Pecuniary interest in third party account |
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)F4 | $15.55 | May 9, 2018 | A | 7,693 | A | — | May 9, 2028 | Common shares, $0.01 par value per share | 7,693 | 7,693 | D |
Explanation of responses
- F1Of the 160,096 shares owned directly, 16,893 are deferred stock units, 33,756 are deferred shares and 29,447 are restricted stock units (including dividend equivalent rights).
- F2The shares being reported were purchased by The W. Nicholas and Joan I. Thorndike 1998 Trust for William N. Thorndike, Jr. U/I dtd 12/22/98, in which the reporting person shares voting and investment power.
- F3The reporting person may be deemed to have a pecuniary interest with respect to the 50,000 shares held in the third party account. The reporting person disclaims beneficial ownership of these shares, and this report should not be deemed an admission that the reporting person is the beneficial owner of these shares for purpose of Section 16 or for any other purpose.
- F4The stock option grant provides that the options vest and become exercisable on the date of the Company's next annual meeting.
Remarks
In addition to the information set forth above and as previously reported in prior filings, the reporting person holds a total of 90,790 options, of which 40,932 relate to amounts received in lieu of cash fees for Board service.