Kohn Gary Alan 4
4 · WESTMORELAND COAL Co · Filed Nov 15, 2017
Insider Transaction Report
Form 4
Kohn Gary Alan
CFO - Interim
Transactions
- Exercise/Conversion
Common Stock
2017-04-13+872→ 1,515 total - Award
Cash Units
2016-05-18+2,614→ 2,614 totalFrom: 2017-04-01→ Common Stock (2,614 underlying) - Exercise/Conversion
Cash Units
2017-04-13−872→ 1,742 totalFrom: 2017-04-01→ Common Stock (872 underlying) - Disposition to Issuer
Common Stock
2017-04-13$13.86/sh−872$12,086→ 643 total
Footnotes (2)
- [F1]Each Cash Unit is settled solely in cash upon vesting and represents the economic equivalent of one share of the Issuer's common stock. These Cash Units vest in three equal installments on April 1, 2017, 2018 and 2019.
- [F2]Each Cash Unit was the economic equivalent of one share of the Issuer's common stock and automatically settled in cash pursuant to its terms.