SEC Form 4 · accession 0000899243-17-027712
CONSOL Coal Resources LP · CCR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Martha A Wiegand
Officer — SEE REMARKS
Period of report
Nov 28, 2017
Accepted (ET)
Nov 30, 2017 · 7:35 pm EST
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) | Nov 28, 2017 | M | 11,607 | $0.00 | A | 14,258 | D | |
| Common Units (Limited Partner Interests)F1 | Nov 28, 2017 | F | 3,649 | $13.55 | D | 10,609 | D |
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)F2,F3,F4 | — | Nov 28, 2017 | M | 6,329 | D | — | — | Common Units (Limited Partner Interests) | 6,329 | 0 | D |
| Phantom Units (rights to common units)F2,F3,F4 | — | Nov 28, 2017 | M | 5,278 | D | — | — | Common Units (Limited Partner Interests) | 5,278 | 0 | D |
Explanation of responses
- F1Represents units withheld to satisfy the reporting person's tax liability from the vesting of phantom units previously granted to her.
- F2Each phantom unit was the economic equivalent of one common unit.
- F3These phantom units vested and settled on November 28, 2017 in connection with a "change in control" as defined in, and pursuant to the terms of, the reporting person's Amended and Restated Change in Control Severance Agreement dated February 7, 2017.
- F4The 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.
Remarks
The Reporting Person is the General Counsel and Secretary of CONSOL 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.