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CNX Resources Corp — Director's Dealing 2015
Jul 31, 2015
31089_dirs_2015-07-31_8cee416b-bcb9-4dfc-a0b0-f9bf373aad90.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: CNX Coal Resources LP (CNXC)
CIK: 0001637558
Period of Report: 2015-07-31
Reporting Person: CONSOL Energy Inc (Director, 10% Owner)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2015-07-31 | COMMON UNITS (LIMITED PARTNER INTERESTS) | A | 188933 | $0.00 | Acquired | 1050000 | Direct |
Footnotes
F1: This Form 4 is filed by CONSOL Energy Inc. ("CONSOL"), pursuant to the expiration of the underwriters' option to purchase additional common units of the Issuer in connection with the initial public offering of common units representing limited partner interests pursuant to a Registration Statement on Form S-1 (Registration No. 333-203165) (the "Registration Statement").
F2: On July 16, 2015, the underwriters exercised, in part, their option to purchase additional common units as described in the Registration Statement. On July 31, 2015, as a result of the expiration of the underwriters' option to purchase additional common units, as described in the Registration Statement, the Issuer issued 188,933 common units to CONSOL for no additional consideration. After giving effect to such deferred issuance, CONSOL Energy owns 1,050,000 common units and 11,611,067 subordinated units.
F3: CONSOL is the direct holder of limited partnership interests in the Issuer. CONSOL is also the sole owner of the membership interests of CNX Coal Resources GP LLC, the general partner of the Issuer (the "General Partner"). The General Partner owns a 2% general partner interest in the Issuer.