CNX Resources Corp — Director's Dealing 2011

Feb 25, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CONSOL Energy Inc (CNX)
CIK: 0001070412
Period of Report: 2011-02-23

Reporting Person: HARVEY J BRETT (Director, Chairman and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-02-23	Common shares, $0.01 par value per share	A	27066	—	Acquired	265231	Direct
2011-02-23	Common shares, $0.01 par value per share	F	10968	$48.61	Disposed	254263	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-02-23	Stock Option (right to buy)	$48.61	A	75949	Acquired	2021-02-23	Common shares, $0.01 par value per share (75949)	Direct
2011-02-23	Stock Option (right to buy)	$45.05	A	60818	Acquired	2020-06-15	Common shares, $0.01 par value per share (60818)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common shares, $0.01 par value per share	9481	Indirect
Common shares, $0.01 par value per share	9481	Indirect
Common shares, $0.01 par value per share	9481	Indirect
Common shares, $0.01 par value per share	13848	Indirect
Common shares, $0.01 par value per share	2000	Indirect
Common shares, $0.01 par value per share	73000	Indirect
Common shares, $0.01 par value per share	42749	Indirect

Footnotes

F1: Represents the vesting and settlement of performance share units previously granted to the reporting person under the Long Term Incentive Program for the 2008-2010 performance period.

F2: Represents shares withheld to satisfy the reporting person's tax liability resulting from the vesting and settlement of performance share units previously reported herein.

F3: Of the 254,263 shares owned directly, 48,051 are restricted stock units including dividend equivalent rights.

F4: The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.

F5: Shares held in Mr. Harvey's Amended and Restated Revocable Trust, dated December 17, 2007, in which Mr. and Mrs. Harvey serve as trustees.

F6: Shares held in Mrs. Harvey's Amended and Restated Revocable Trust, dated December 17, 2007, in which Mr. and Mrs. Harvey serve as trustees.

F7: Stock option grant provides that options will vest 1/3 per year beginning on February 23, 2012.

F8: On June 15, 2010, the reporting person was granted an option to purchase up to 243,273 shares of common stock. The option generally vests in four annual installments based on the Issuer's achievment of certain performance criteria for each of the fiscal years ending December 31, 2010, 2011, 2012 and 2013. The performance criteria for 2010 were met, resulting in vesting of the option as to 60,818 shares.