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CNX Resources Corp — Director's Dealing 2015
Jul 8, 2015
31089_dirs_2015-07-08_a79f8b97-7a59-4165-b228-ab2a7788d5e9.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: 2015-07-07
Reporting Person: CONSOL Energy Inc (Director, 10% Owner)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2015-07-07 | COMMON UNITS (LIMITED PARTNER INTERESTS) | A | 861067 | $0.00 | Acquired | 861067 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2014-07-07 | SUBORDINATED UNITS (LIMITED PARTNER INTERESTS) | $ | A | 11611067 | Disposed | COMMON UNITS (11611067) | Direct |
Footnotes
F1: In connection with the closing of the initial public offering of the Issuer, CONSOL Energy Inc. ("CONSOL") contributed certain assets to the Issuer and received (i) 861,067 common units and (ii) 11,611,067 subordinated units, representing an aggregate 55.8% limited partner interest in the Issuer. The underwriters of the initial public offering have the option to purchase an additional 750,000 common units of the Issuer. Any units not purchased by the underwriters pursuant to their option will be issued to CONSOL for no additional consideration.
F2: CONSOL Energy 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.
F3: Each subordinated unit will convert into one common unit at the end of the subordination period, as described in the Registration Statement.