HALLADOR ENERGY CO — Director's Dealing 2018

May 17, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HALLADOR ENERGY CO (HNRG)
CIK: 0000788965
Period of Report: 2018-05-14

Reporting Person: LAWRENCE BRYAN H (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-05-14	Common Stock, par value $0.01 per share	J	10073	$0.00	Acquired	443341	Direct
2018-05-14	Common Stock, par value $0.01 per share	J	670501	$0.00	Disposed	1229499	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, par value $0.01 per share	604904	Indirect
Common Stock, par value $0.01 per share	2950000	Indirect

Footnotes

F1: Pro rata distributions from Yorktown Energy Partners VII, L.P., Yorktown VII Company LP and Yorktown VII Associates LLC.

F2: The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for Section 16 or any other purpose.

F3: These securities are owned directly by Yorktown Energy Partners VII, L.P. The reporting person is a member and a manager of Yorktown VII Associates LLC, the general partner of Yorktown VII Company LP, the general partner of Yorktown Energy Partners VII, L.P.

F4: These securities are owned directly by Yorktown Energy Partners VI, L.P. The reporting person is a member and a manager of Yorktown VI Associates LLC, the general partner of Yorktown VI Company LP, the general partner of Yorktown Energy Partners VI, L.P.

F5: These securities are owned directly by Yorktown Energy Partners VIII, L.P. The reporting person is a member and a manager of Yorktown VIII Associates LLC, the general partner of Yorktown VIII Company LP, the general partner of Yorktown Energy Partners VIII, L.P.