SEC Form 4 · accession 0001104659-16-105162
CLOUD PEAK ENERGY INC. · CLD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Colin Marshall
Officer — President & CEO · Director
Period of report
Mar 11, 2016
Accepted (ET)
Mar 15, 2016 · 2:37 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001441849
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Mar 11, 2016 | F | 14,773 | $2.17 | D | 321,451 | D | |
| Common StockF2 | Mar 11, 2016 | M | 27,275 | $2.17 | A | 348,726 | D | |
| Common StockF3 | Mar 11, 2016 | F | 12,705 | $2.17 | D | 336,021 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Performance UnitsF2 | — | Mar 11, 2016 | M | 63,428 | D | — | — | Common Stock | 63,428 | 0 | D |
Explanation of responses
- F1Reflects the number of shares of common stock withheld by the Issuer in satisfaction of the Reporting Person's tax withholding obligation upon the vesting of restricted stock units.
- F2Each performance unit represented a contingent right to receive the value of one share of Cloud Peak Energy Inc. common stock. The performance units vested 3 years from the date of grant (which was 3/11/2013) upon Cloud Peak Energy's achievement of performance goals, which were based upon Cloud Peak Energy's relative and absolute total shareholder return. These achievements resulted in a payout of 43% of the target, which was originally reported on a Form 4 filed on 3/13/2013.
- F3Reflects the number of shares of common stock withheld by the Issuer in satisfaction of the Reporting Person's tax withholding obligation upon the vesting of performance units.