CNX Resources Corp — Director's Dealing 2015

Jul 22, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CONSOL Energy Inc (CNX)
CIK: 0001070412
Period of Report: 2015-07-20

Reporting Person: EINHORN DAVID (10% Owner, See Footnotes (1)-(12))
Reporting Person: GREENLIGHT CAPITAL INC (10% Owner)
Reporting Person: DME Advisors, LP (10% Owner)
Reporting Person: DME Capital Management, LP (10% Owner)
Reporting Person: DME Advisors GP, L.L.C. (10% Owner)
Reporting Person: Greenlight Masters, LLC (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-07-20	Common Stock, $0.01 par value	P	126352	$16.7356	Acquired	902278	Indirect
2015-07-20	Common Stock, $0.01 par value	P	726959	$16.7356	Acquired	5195373	Indirect
2015-07-20	Common Stock, $0.01 par value	P	1351411	$16.7356	Acquired	9640463	Indirect
2015-07-20	Common Stock, $0.01 par value	P	510973	$16.7356	Acquired	3647541	Indirect
2015-07-20	Common Stock, $0.01 par value	P	520723	$16.7356	Acquired	3718808	Indirect
2015-07-20	Common Stock, $0.01 par value	P	539707	$16.7356	Acquired	3483100	Indirect
2015-07-21	Common Stock, $0.01 par value	P	40600	$17.5169	Acquired	942878	Indirect
2015-07-21	Common Stock, $0.01 par value	P	233500	$17.5169	Acquired	5428873	Indirect
2015-07-21	Common Stock, $0.01 par value	P	433540	$17.5169	Acquired	10074003	Indirect
2015-07-21	Common Stock, $0.01 par value	P	163900	$17.5169	Acquired	3811441	Indirect
2015-07-21	Common Stock, $0.01 par value	P	167100	$17.5169	Acquired	3885908	Indirect
2015-07-21	Common Stock, $0.01 par value	P	157700	$17.5169	Acquired	3640800	Indirect
2015-07-22	Common Stock, $0.01 par value	P	57600	$17.3976	Acquired	1000478	Indirect
2015-07-22	Common Stock, $0.01 par value	P	331400	$17.3976	Acquired	5760273	Indirect
2015-07-22	Common Stock, $0.01 par value	P	614962	$17.3976	Acquired	10688965	Indirect
2015-07-22	Common Stock, $0.01 par value	P	232600	$17.3976	Acquired	4044041	Indirect
2015-07-22	Common Stock, $0.01 par value	P	237200	$17.3976	Acquired	4123108	Indirect
2015-07-22	Common Stock, $0.01 par value	P	222900	$17.3976	Acquired	3863700	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $0.01 par value	129000	Indirect

Footnotes

F1: David Einhorn is the president of Greenlight Capital, Inc. ("Greenlight Inc."), the senior manager of DME Advisors GP, LLC ("DME GP") and the Senior Manager of Greenlight Masters, LLC ("Masters LLC"). DME GP is the general partner of DME Advisors, LP ("DME") and DME Capital Management, LP ("DME CM"). Mr. Einhorn may be deemed to beneficially own the securities reported herein by virtue of his positions with respect to Greenlight Inc., DME GP and Masters LLC.

F2: The foregoing entities control the disposition and voting of common stock (the "Common Stock") of CONSOL Energy Inc. ("Issuer"), owned by the following entities: Greenlight Capital, L.P. ("Greenlight Fund"), Greenlight Capital Qualified, L.P. ("Greenlight Qualified"), Greenlight Capital Offshore Partners ("Greenlight Offshore"), Greenlight Capital (Gold), LP ("Greenlight Gold"), Greenlight Capital Offshore Master (Gold), Ltd. ("Greenlight Gold Offshore"), an account managed by DME (the "Managed Account") and Greenlight Masters Partners ("Greenlight Masters", and, together with Greenlight Fund, Greenlight Qualified, Greenlight Offshore, Greenlight Gold, Greenlight Gold Offshore, the Managed Account, Greenlight Inc., DME GP, Masters LLC, DME, DME CM and Mr. Einhorn, the "Greenlight Parties"), in the respective capacities and quantities further described in the footnotes below.

F3: Pursuant to Rule 16a-1 under the Securities Exchange Act of 1934, as amended (the "Act"), the Greenlight Parties disclaim beneficial ownership of the Common Stock except to the extent of their respective pecuniary interests therein. The filing of this Form 4 shall not be construed as an admission that any of the Greenlight Parties is or was for the purposes of Section 16(a) of the Act, or otherwise, the beneficial owner of any of the Common Stock owned by Greenlight Fund, Greenlight Qualified, Greenlight Offshore, Greenlight Gold, Greenlight Gold Offshore, the Managed Account or Greenlight Masters.

F4: Reflects the weighted average price of shares purchased in multiple transactions at prices ranging from $16.3908 to $17.2700.

F5: Represents shares of Common Stock held for the account of Greenlight Fund, for which Greenlight Inc. serves as investment manager.

F6: Represents shares of Common Stock held for the account of Greenlight Qualified, for which Greenlight Inc. serves as investment manager.

F7: Represents shares of Common Stock held for the account of Greenlight Offshore, for which Greenlight Inc. serves as investment manager.

F8: Represents shares of Common Stock held for the account of Greenlight Gold, for which DME CM serves as investment manager.

F9: Represents shares of Common Stock held for the account of Greenlight Gold Offshore, for which DME CM serves as investment manager.

F10: Represents shares of Common Stock held for the account of the Managed Account, for which DME serves as investment manager.

F11: Represents shares of Common Stock held for the account of Greenlight Masters, for which Masters LLC serves as investment manager.

F12: Reflects the weighted average price of shares purchased in multiple transactions at prices ranging from $17.3550 to $17.5550.

F13: Reflects the weighted average price of shares purchased in multiple transactions at prices ranging from $17.0400 to $17.6300.