PEABODY ENERGY CORP — Director's Dealing 2017

Apr 6, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PEABODY ENERGY CORP (BTU)
CIK: 0001064728
Period of Report: 2017-04-03

Reporting Person: DISCOVERY CAPITAL MANAGEMENT, LLC / CT (10% Owner)
Reporting Person: Citrone Robert K. (10% Owner)
Reporting Person: Discovery Global Opportunity Partners, L.P. (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-04-03	Common Stock, $0.01 par value	C	7192536	—	Acquired	14192991	Indirect
2017-04-03	Common Stock, $0.01 par value	C	7445754	—	Acquired	12444728	Indirect
2017-04-05	Common Stock, $0.01 par value	X	870363	$0.01	Acquired	15063354	Indirect
2017-04-05	Common Stock, $0.01 par value	X	600774	$0.01	Acquired	13045502	Indirect
2017-04-05	Common Stock, $0.01 par value	S	320	$27.25	Disposed	15063034	Indirect
2017-04-05	Common Stock, $0.01 par value	S	220	$27.25	Disposed	13045282	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-04-03	Series A Convertible Preferred Stock	$	C	3641992	Disposed		Common Stock, $0.01 par value (7192536)	Indirect
2017-04-03	Series A Convertible Preferred Stock	$	C	3770211	Disposed		Common Stock, $0.01 par value (7445754)	Indirect
2017-04-05	Warrant	$0.01	X	870363	Disposed	2017-07-03	Common Stock, $0.01 par value (870363)	Indirect
2017-04-05	Warrant	$0.01	X	600774	Disposed	2017-07-03	Common Stock, $0.01 par value (600774)	Indirect

Footnotes

F1: The securities are held in the accounts of various clients of Discovery Capital Management, LLC ("Discovery") and may be deemed to be beneficially owned by Discovery, as the investment manager to such clients, and Robert K. Citrone, as the managing member of Discovery.

F2: The securities are held in the account of Discovery Global Opportunity Partners, LP (the "Fund") and may be deemed to be beneficially owned by Discovery, as the general partner of the Fund, and Robert K. Citrone, as the managing member of Discovery.

F3: The Series A Convertible Preferred Stock has no expiration date and is convertible at a price of $16.25 per share, subject to adjustment as set forth in the Certificate of Designation attached as Exhibit 3.2 to the Issuer's Form 8-K filed on April 3, 2017. Each share of Series A Convertible Preferred Stock converted to approximately 1.975 shares of Common Stock, $0.01 par value.

F4: On April 5, 2017, the Reporting Person exercised Warrants to purchase 870,363 shares of Common Stock, $0.01 par value. The Reporting Person paid the exercise price on a cashless basis, resulting in the Issuer's withholding of 320 shares to pay the exercise price and issuing the Reporting Person the remaining 870,043 shares.

F5: On April 5, 2017, the Reporting Person exercised Warrants to purchase 600,774 shares of Common Stock, $0.01 par value. The Reporting Person paid the exercise price on a cashless basis, resulting in the Issuer's withholding of 220 shares to pay the exercise price and issuing the Reporting Person the remaining 600,554 shares.