SEC Form 4 · accession 0000899243-17-028722
Core Natural Resources, Inc. · CNR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David M. Khani
Officer — EVP & Chief Financial Officer
Period of report
Nov 28, 2017
Accepted (ET)
Dec 14, 2017 · 6:24 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 | 70,145 | $0.00 | A | 79,093 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents restricted 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 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 79,093 reported shares, 70,145 are restricted stock units (including dividend equivalent rights) which continue to be subject to their original CNX vesting schedules. 6,500 of the restricted stock units vest on January 30, 2018, 14,296 of the restricted stock units vest on January 31, 2019 and 49,349 of the restricted stock units vest annually in equal installments over a three year period beginning on the first anniversary of January 31, 2017, which is the original date of grant from CNX.