SEC Form 4 · accession 0000899243-17-028568
Core Natural Resources, Inc. · CNR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John T Mills
Director
Period of report
Nov 28, 2017
Accepted (ET)
Dec 12, 2017 · 7:44 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001710366
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common stock, par value $0.01 per shareF1,F2 | Nov 28, 2017 | A | 25,194 | $0.00 | A | 28,398 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents unvested restricted stock units and vested restricted stock units for which the Reporting Person elected to defer delivery of the underlying shares (deferred stock units) issued in accordance with the Employee Matters Agreement dated as of November 28, 2017 between the Issuer and CNX Resources Corporation (f/k/a CONSOL Energy Inc.) ("CNX") as a result of the conversion of the restricted stock units and deferred stock units held by the Reporting Person immediately before the legal and structural separation of the Issuer from CNX (the "Spin-Off").
- F2Includes shares of Issuer common stock received in connection with the Spin-Off in an exempt transaction pursuant to Rule 16a-9 of the Securities Exchange Act of 1934, as amended. Of the 28,398 reported shares, (i) 6,874 are unvested restricted stock units (including dividend equivalent rights) which continue to be subject to their original CNX vesting schedule, and (ii) 18,320 are deferred stock units (including dividend equivalent rights) which underlying shares will be delivered upon the Reporting Person's separation of service from the Issuer. The unvested restricted stock units vest in full on May 9, 2018, which is the first anniversary of their original date of grant from CNX.