SEC Form 4 · accession 0000899243-15-002568
CONSOL Coal Resources LP · CCR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeffrey L Wallace
Director · Other
Period of report
Aug 5, 2015
Accepted (ET)
Aug 6, 2015 · 5:03 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001637558
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| PHANTOM UNITS (RIGHTS TO COMMON UNITS)F1,F2 | — | Aug 5, 2015 | A | 2,068 | A | — | — | COMMON UNITS (LIMITED PARTNER INTERESTS) | 2,068 | 2,068 | D |
Explanation of responses
- F1The phantom units expire upon settlement. The phantom units are settled upon vesting in common units (on a one-for-one basis) or, at the discretion of the Issuer, in cash. Each phantom unit granted is granted in tandem with a corresponding distribution equivalent right ("DER"), which shall remain outstanding from the grant date until the earlier of the payment or forfeiture of the related phantom unit. Each vested DER entitles the participant to receive additional phantom units having a value equal to any distributions made by the Issuer following the grant date in respect of the common unit underlying the phantom unit to which such DER relates.
- F2Vests in full on August 5, 2016.
Remarks
The Reporting Person is a director of CNX Coal Resources GP LLC, the general partner of the Issuer (the "General Partner"). The Issuer is managed by the directors and executive officers of the General Partner.