4//SEC Filing
WESTMORELAND COAL CO 4
Accession 0000106455-03-000094
CIK 0000106455operating
Filed
Aug 4, 8:00 PM ET
Accepted
Aug 5, 6:30 PM ET
Size
13.8 KB
Accession
0000106455-03-000094
Insider Transaction Report
Form 4
LEPCHITZ W MICHAEL
VP-General Counsel & Secretary
Transactions
- Exercise/Conversion
Performance Units
2003-08-05−2,717→ 0 totalExercise: $2.91From: 2003-07-01Exp: 2003-08-05→ Common Stock (2,717 underlying) - Disposition to Issuer
Performance Units
2003-08-05$14.72/sh−4,890$71,999→ 0 totalExercise: $2.91From: 2003-07-01Exp: 2003-08-05→ Common Stock (4,890 underlying) - Exercise/Conversion
Performance Units
2003-08-05−38,700→ 0 totalExercise: $2.91From: 2003-07-01Exp: 2003-08-05→ Common Stock (38,700 underlying) - Exercise/Conversion
Common Stock - $2.50 par value
2003-08-05+2,213→ 23,613 total
Holdings
- 1,157(indirect: By 401(k))
Common Stock - $2.50 par value
Footnotes (4)
- [F1]Shares held in 401(k) plan as of June 30, 2003, including 723 shares acquired at various prices from Dec. 31, 2001 to June 30, 2003.
- [F2]The performance units were settled on August 5, 2003. The value of each unit was $14.72375, reflecting the excess of the specified settlement price ($17.6335) over the base price ($2.90975). Of the total value of the units, (i) 82.4% was deferred for up to five years and may be paid at the discretion of the issuer from time to time in cash, stock or any combination thereof, and 1.173% was elected by Mr. Lepchitz to be deferred for a period of five years, (ii) 5.87% was settled in common stock (2,213 shares valued at $18.08, the average of the high and low reported sales prices on June 30, 2003), and (iii) 11.73% was settled in cash.
- [F3]Right to receive cash or stock at the option of issuer; similar to a Stock Appreciation Right.
- [F4]Date is for electronic form purposes only. Expiration date is not applicable.
Documents
Issuer
WESTMORELAND COAL CO
CIK 0000106455
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000106455
Filing Metadata
- Form type
- 4
- Filed
- Aug 4, 8:00 PM ET
- Accepted
- Aug 5, 6:30 PM ET
- Size
- 13.8 KB