CNX Resources Corp — Director's Dealing 2012

Mar 1, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CONSOL Energy Inc (CNX)
CIK: 0001070412
Period of Report: 2012-02-28

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-02-28	Common shares, $0.01 par value per share	A	132663	—	Acquired	379054	Direct
2012-02-28	Common shares, $0.01 par value per share	F	53756	$35.37	Disposed	325298	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-02-28	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	27904	Indirect
Common shares, $0.01 par value per share	50457	Indirect
Common shares, $0.01 par value per share	45096	Indirect
Common shares, $0.01 par value per share	2000	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	9481	Indirect
Common shares, $0.01 par value per share	44594	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 2009-2011 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 granted herein.

F3: Of the 325,298 shares owned directly, 29,424 are restricted stock units and deferred shares (including dividend equivalent rights).

F4: Shares in Mrs. Harvey's Amended and Restated Revocable Trust, dated December 17, 2007, in which Mr. and Mrs. Harvey serve as Trustees.

F5: 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 the purposes of Section 16 or for any other purpose.

F6: This number includes 142 shares acquired by the reporting person's 401 (k) account since February 22, 2012.

F7: On June 15, 2010, the reporting person was granted an option to puchase up to 243,273 shares of common stock. The option generally vests in four annual installments based on the Issuer's achiement 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 vesting of the option as to 60,818 shares. The total number of options vested since the grant date are 121,636.