CNX Resources Corp — Director's Dealing 2016

May 16, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CONSOL Energy Inc (CNX)
CIK: 0001070412
Period of Report: 2016-05-12

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-05-12	Common Stock	S	16600	$15.1657	Disposed	983878	Indirect
2016-05-12	Common Stock	S	60600	$15.1657	Disposed	5699673	Indirect
2016-05-12	Common Stock	S	73910	$15.1657	Disposed	10615055	Indirect
2016-05-12	Common Stock	S	100	$14.955	Disposed	10614955	Indirect
2016-05-12	Common Stock	S	9100	$15.1657	Disposed	4034941	Indirect
2016-05-12	Common Stock	S	12800	$15.1657	Disposed	4110308	Indirect
2016-05-12	Common Stock	S	800	$15.1657	Disposed	128200	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	3863700	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 and the Managed Account, the "Greenlight Accounts," and the Greenlight Accounts, together with, 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 the Greenlight Accounts.

F4: Represents shares of Common Stock held for the account of Greenlight Fund, for which Greenlight Inc. serves as investment manager.

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

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

F7: Represents shares of Common Stock held for the account of Greenlight Gold, for which DME CM serves as investment manager.

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

F9: Represents shares of Common Stock held for the account of the Managed Account, for which DME serves as investment manager.

F10: Represents shares of Common Stock held for the account of Greenlight Masters, for which Masters LLC serves as investment manager.