Micheletti Joseph Earl 4
4 · WESTMORELAND COAL Co · Filed Nov 15, 2017
Insider Transaction Report
Form 4
Micheletti Joseph Earl
SVP - Coal Operations
Transactions
- Disposition to Issuer
Common Stock
2017-04-13$13.86/sh−2,745$38,046→ 26,812 total - Award
Cash Units
2016-05-18+8,235→ 8,235 totalFrom: 2017-04-01→ Common Stock (8,235 underlying) - Exercise/Conversion
Common Stock
2017-04-13+2,745→ 29,557 total - Exercise/Conversion
Cash Units
2017-04-13−2,745→ 5,490 totalFrom: 2017-04-01→ Common Stock (2,745 underlying)
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.