CNX Resources Corp — Director's Dealing 2018

Feb 1, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CNX Resources Corp (CNX)
CIK: 0001070412
Period of Report: 2018-01-30

Reporting Person: DEIULIIS N J (Director, President and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-01-30	Common shares, $0.01 par value per share	A	197369	—	Acquired	778020	Direct
2018-01-30	Common shares, $0.01 par value per share	F	15813	$13.68	Disposed	762207	Direct
2018-01-30	Common shares, $0.01 par value per share	F	26830	$14.01	Disposed	735377	Direct
2018-01-30	Common shares, $0.01 par value per share	A	132604	—	Acquired	867981	Direct
2018-01-30	Common shares, $0.01 par value per share	F	57976	$13.68	Disposed	810005	Direct
2018-01-30	Common shares, $0.01 par value per share	A	192016	—	Acquired	1002021	Direct
2018-01-30	Common shares, $0.01 par value per share	F	83950	$13.68	Disposed	918071	Direct
2017-11-08	Common shares, $0.01 par value per share	G	77081	—	Disposed	0	Indirect
2017-08-11	Common shares, $0.01 par value per share	G	26494	—	Disposed	0	Indirect
2017-03-30	Common shares, $0.01 par value per share	G	9171	—	Disposed	20829	Indirect
2018-01-30	Common shares, $0.01 par value per share	G	54662	—	Acquired	55760	Indirect
2018-01-30	Common shares, $0.01 par value per share	G	58084	—	Acquired	976155	Direct

Footnotes

F1: Grant of restricted stock units, which vest annually in equal installments over a period of three years, under the Company's Equity Incentive Plan.

F2: On November 28, 2017, the Issuer completed the separation of its business into two independent, publicly-traded companies (the "Separation"): the Issuer and CONSOL Energy Inc. In connection with the Separation, and pursuant to the terms of an Employee Matters Agreement dated November 28, 2017 (the "Employee Matters Agreement"), all equity awards held by the reporting person with respect to the Issuer's common stock were adjusted in a manner intended to preserve the aggregate intrinsic value of the original award. The amount of securities reported on this Form 4 reflect the aforementioned adjustment.

F3: Represents shares automatically withheld to satisfy the reporting person's tax liability from the vesting of restricted stock units previously granted to him.

F4: Represents the vesting and settlement of performance share units previously granted to the reporting person under the Long Term Incentive Program for the 2015-2017 performance period.

F5: Represents shares automatically withheld to satisfy the reporting person's tax liability from the vesting and settlement of performance share units previously granted to him.

F6: Represents the vesting and settlement of performance share units previously granted to the reporting person under the Long Term Incentive Program for the 2017 tranche performance period.

F7: 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.

F8: Of the 976,155 shares owned directly, 320,104 are restricted stock units (including dividend equivalent rights).