SEC Form 4 · accession 0001104659-17-017158
CLOUD PEAK ENERGY INC. · CLD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gary Rivenes
Officer — Exec. VP & COO
Period of report
Mar 14, 2017
Accepted (ET)
Mar 16, 2017 · 4:21 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,F4 | Mar 14, 2017 | F | 4,878 | $3.80 | D | 90,613 | D | |
| Common StockF2,F4 | Mar 14, 2017 | M | 11,861 | $3.80 | A | 102,474 | D | |
| Common StockF3,F4 | Mar 14, 2017 | F | 4,976 | $3.80 | D | 97,498 | 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 14, 2017 | M | 23,256 | D | — | — | Common Stock | 23,256 | 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, which award was originally reported on a form 4 filed on 3/18/2014. The performance units vested 3 years from the date of grant (which was 3/14/2014) 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 51% of the target, which target number was originally reported on the Form 4 filed on 3/18/2014.
- 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.
- F4This total does not include restricted stock units granted to the Reporting Person in 2015, 2016 or 2017 as vested restricted stock units may be paid in shares, cash or a combination of shares and cash, in the discretion of the Compensation Committee.