SEC Form 4 · accession 0000899243-15-000892
CONSOL Coal Resources LP · CCR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
CONSOL Energy Inc
Director · 10% Owner
Period of report
Jul 7, 2015
Accepted (ET)
Jul 8, 2015 · 4:09 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001637558
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| COMMON UNITS (LIMITED PARTNER INTERESTS)F1,F2 | Jul 7, 2015 | A | 861,067 | $0.00 | A | 861,067 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| SUBORDINATED UNITS (LIMITED PARTNER INTERESTS)F1,F2,F3 | — | Jul 7, 2014 | A | 11,611,067 | D | — | — | COMMON UNITS | 11,611,067 | 11,611,067 | D |
Explanation of responses
- F1In connection with the closing of the initial public offering of the Issuer, CONSOL Energy Inc. ("CONSOL") contributed certain assets to the Issuer and received (i) 861,067 common units and (ii) 11,611,067 subordinated units, representing an aggregate 55.8% limited partner interest in the Issuer. The underwriters of the initial public offering have the option to purchase an additional 750,000 common units of the Issuer. Any units not purchased by the underwriters pursuant to their option will be issued to CONSOL for no additional consideration.
- F2CONSOL Energy is the direct holder of limited partnership interests in the Issuer. CONSOL is also the sole owner of the membership interests of CNX Coal Resources GP LLC, the general partner of the Issuer (the "General Partner"). The General Partner owns a 2% general partner interest in the Issuer.
- F3Each subordinated unit will convert into one common unit at the end of the subordination period, as described in the Registration Statement.