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: Dugan Timothy C (EVP & Chief Op. Officer - E&P)

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	73465	—	Acquired	201948	Direct
2018-01-30	Common shares, $0.01 par value per share	F	2058	$13.68	Disposed	199890	Direct
2018-01-30	Common shares, $0.01 par value per share	F	8438	$14.01	Disposed	191452	Direct
2018-01-30	Common shares, $0.01 par value per share	A	26522	—	Acquired	217974	Direct
2018-01-30	Common shares, $0.01 par value per share	F	8008	$13.68	Disposed	209966	Direct
2018-01-30	Common shares, $0.01 par value per share	A	44804	—	Acquired	254770	Direct
2018-01-30	Common shares, $0.01 par value per share	F	19454	$13.68	Disposed	235316	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: Of the 235,316 shares owned directly, 124,922 are restricted stock units (including dividend equivalent rights).