CNX Resources Corp — Director's Dealing 2012

Feb 21, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CONSOL Energy Inc (CNX)
CIK: 0001070412
Period of Report: 2012-02-16

Reporting Person: Pusateri Robert F (EVP - Energy Sales & Transport)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-02-16	Common shares, $0.01 par value per share	F	276	$37.42	Disposed	22785	Direct
2012-02-16	Common shares, $0.01 par value per share	A	5555	—	Acquired	28340	Direct
2012-02-16	Common shares, $0.01 par value per share	F	1696	$37.42	Disposed	26648	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-02-16	Stock Option (right to buy)	$45.05	A	15204	Acquired	2020-06-15	Common shares, $0.01 par value per share (15204)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common shares, $0.01 par value per share	2700	Indirect

Footnotes

F1: Represents shares withheld to satisfy the reporting person's tax liability resulting from the vesting of restricted stock units previously granted to him.

F2: Represents the vesting and settlement of performance share units previously granted to the reporting person under the Long Term Incentive Program for the 2009-2011 performance period.

F3: Represents shares withheld to satisfy the reporting person's tax liability resulting from the vesting and settlement of performance share units previously reported herein.

F4: Of the 26,648 shares owned directly, 7,652 are restricted stock units (including dividend equivalent rights). An upward adjustment of four shares was made to the total number of shares beneficially owned by the reporting person. The adjustment was made to reconcile a discrepancy between what was reported previously and the actual number of shares as determined by a recent review of the Company's records. It is believed that the discrepancy in the number reported is a result of rounding and discrepancies in calculations made of the total shares held.

F5: On June 15, 2010, the reporting person was granted an option to purchase up to 60,819 shares of common stock. The option generally vests in four installments based on the Issuer's achievement of certain performance criteria for each of the fiscal years ending December 31, 2010, 2011, 2012 and 2013. The performance criteria for 2011 were met, resulting in the vesting of the option as to 15,204 shares. The total number of options vested since the grant date are 30,408.