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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Phantom Units (rights to common units) | (2) | 01/29/2017 | M | 18,988 | (3) | (4) | Common Units (Limited Partner Interests) | 18,988 | $ 0 | 37,975 | D | ||||
Phantom Units (rights to common units) | (2) | 01/31/2017 | A | 73,246 | (5) | (2) | Common Units (Limited Partner Interests) | 73,246 | $ 0 | 111,221 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Brock James A 1000 CONSOL ENERGY DRIVE CANONSBURG, PA 15317 |
X | SEE REMARKS |
/s/ Martha A. Wiegand, Attorney-in-Fact for James A. Brock | 01/31/2017 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | Represents units withheld to satisfy the reporting person's tax liability from the vesting of phantom unit previously granted to him. |
(2) | The 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. |
(3) | 18,988 phantom units vested on January 29, 2017. The remaining 37,975 phantom units vest 18,988 on January 29, 2018 and 18,987 on January 29, 2019. |
(4) | Each phantom unit was the economic equivalent of one common unit. |
(5) | The phantom units vest: (i) 24,416 phantom units on January 31, 2018, (ii) 24,415 phantom units on January 31, 2019 and, (iii) 24,415 phantom units on January 31, 2020, |
Remarks: The Reporting Person is Chief Executive Officer and 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. |