SEC Form 4 · accession 0001181431-15-005450
CNX Resources Corp · CNX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James C. Grech
Officer — EVP & Chief Commercial Officer
Period of report
Apr 1, 2015
Accepted (ET)
Apr 2, 2015 · 4:33 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 share | Apr 1, 2015 | M | 2,464 | $22.75 | A | 56,097 | D | |
| Common shares, $0.01 par value per shareF2,F3 | Apr 1, 2015 | S | 2,464 | $28.14 | D | 53,633 | D | |
| Common shares, $0.01 par value per share | holding | — | — | — | 1,877 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (right to buy)F4 | $22.75 | Apr 1, 2015 | M | 2,464 | D | — | May 3, 2015 | Common shares, $0.01 par value per share | 2,464 | 0 | D |
Explanation of responses
- F1Transaction effected pursuant to Rule 10b5-1 trading plan adopted by the reporting person on March 8, 2013.
- F2The sale relates to shares underlying stock options that are scheduled to expire next month (May 3, 2015). The price of $28.14 represents the weighted average of fifteen open-market sale transactions ranging in price from $27.90 to $28.28. The reporting person agrees to provide full information regarding the number of shares sold at each separate price paid if requested by the SEC staff, the Company or a security holder of the Company.
- F3Of the 53,633 shares owned directly, 42,771 are restricted stock units.
- F4Stock option grant provides that options vest 25% per year beginning on May 3, 2006.