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Ramaco Resources, Inc. — Director's Dealing 2023
Jul 6, 2023
31692_dirs_2023-07-05_99bc7de6-c701-4289-a5c2-df109e46a9ca.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Ramaco Resources, Inc. (METC)
CIK: 0001687187
Period of Report: 2023-06-30
Reporting Person: Atkins Randall Whittaker (N/A)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2023-06-21 | Common Stock | D | 739882 | — | Disposed | 0 | Direct |
| 2023-06-21 | Class A common stock | A | 739882 | — | Acquired | 739882 | Direct |
| 2023-06-21 | Common Stock | D | 5000 | — | Disposed | 0 | Indirect |
| 2023-06-21 | Class A common stock | A | 5000 | — | Acquired | 5000 | Indirect |
| 2023-06-21 | Common Stock | D | 2178702 | — | Disposed | 0 | Indirect |
| 2023-06-21 | Class A common stock | A | 2178702 | — | Acquired | 2178702 | Indirect |
| 2023-06-30 | Class A common stock | F | 180001 | $8.44 | Disposed | 559881 | Direct |
| 2023-06-21 | Class B common stock | A | 147976 | — | Acquired | 147976 | Direct |
| 2023-06-21 | Class B common stock | A | 1000 | — | Acquired | 1000 | Indirect |
| 2023-06-21 | Class B common stock | A | 435740 | — | Acquired | 435740 | Indirect |
| 2023-06-30 | Class B common stock | F | 34786 | $10.61 | Disposed | 113190 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2023-06-21 | Restricted Stock Units | $0 | D | 61729 | Disposed | Common Stock (61729) | Direct | |
| 2023-06-21 | Restricted Stock Units | $0 | D | 144704 | Disposed | Common Stock (144704) | Direct | |
| 2023-06-21 | Restricted Stock Units | $0 | A | 61729 | Acquired | Class A common stock (61729) | Direct | |
| 2023-06-21 | Restricted Stock Units | $0 | A | 144704 | Acquired | Class A common stock (144704) | Direct | |
| 2023-06-21 | Restricted Stock Units | $0 | A | 12345 | Acquired | Class B common stock (12345) | Direct | |
| 2023-06-21 | Restricted Stock Units | $0 | A | 28940 | Acquired | Class B common stock (28940) | Direct | |
| 2023-06-21 | Performance Stock Units | $0 | D | 92593 | Disposed | 2024-12-31 | Common Stock (92593) | Direct |
| 2023-06-21 | Performance Stock Units | $0 | D | 144704 | Disposed | 2025-12-31 | Common Stock (144704) | Direct |
| 2023-06-21 | Performance Stock Units | $0 | A | 92593 | Acquired | 2024-12-31 | Class A common stock (92593) | Direct |
| 2023-06-21 | Performance Stock Units | $0 | A | 144704 | Acquired | 2025-12-31 | Class A common stock (144704) | Direct |
| 2023-06-21 | Performance Stock Units | $0 | A | 18518 | Acquired | 2024-12-31 | Class B common stock (18518) | Direct |
| 2023-06-21 | Performance Stock Units | $0 | A | 28940 | Acquired | 2025-12-31 | Class B common stock (28940) | Direct |
Footnotes
F1: On June 21, 2023, Ramaco Resources, Inc. (the "Company") reclassified its existing common stock, par value $0.01 per share, as shares of Class A common stock, par value $0.01 per share.
F2: This transaction involved a gift of securities by the reporting person to his daughter, who shares reporting person's household. The reporting person disclaims beneficial ownership of the shares held by his daughter, and
this report should not be deemed an admission that the reporting person is the beneficial owner of his daughter's shares for purposes of Section 16 or for any other purpose.
F3: Shares sold upon vesting to satisfy tax obligations. The number of shares withheld was based on the closing price of the Issuer's Class A common stock on June 30, 2023. Such shares were acquired as treasury stock by the issuer.
F4: On June 21, 2023, the Company issued and distributed via dividend to holders of existing common stock (the "Distribution") 0.2 shares of Class B common stock, $0.01 par value ("Class B common stock"), per share of existing common stock held by each holder as of the record date for the Distribution.
F5: Shares sold upon vesting to satisfy tax obligations. The number of shares withheld was based on the closing price of the Issuer's Class B common stock on June 30, 2023. Such shares were acquired as treasury stock by the issuer.
F6: Each holder of an outstanding restricted stock unit ("RSU") with respect to a share of existing common stock received, in connection with the reclassification and Distribution, a new RSU, which represents a right, upon satisfaction of continued service conditions, to receive one share of Class A common stock.
F7: The RSUs vest in two equal annual installments beginning December 31, 2023.
F8: The RSUs vest in three equal annual installments beginning on January 31, 2024.
F9: Represents dividend equivalent rights in connection with the Distribution that accrue to the reporting person in restricted stock units that vest at the same time(s) as the underlying restricted stock units.
F10: Each holder of an outstanding performance stock unit ("PSU") with respect to a share of existing common stock received, in connection with the reclassification and Distribution, a new PSU, which represents a right, upon satisfaction of continued service conditions, to receive one share of Class A common stock.
F11: The PSUs vest upon the Company's Class A common stock achieving a specific total shareholder return for a measurement period.
F12: Represents dividend equivalent rights in connection with the Distribution that accrue to the reporting person in performance stock units that vest at the same time(s) as the underlying performance stock units.