CLOUD PEAK ENERGY INC. 4
4 · CLOUD PEAK ENERGY INC. · Filed Mar 16, 2017
Insider Transaction Report
Form 4
Jones Bruce E
Sr. Vice President, Tech Svcs
Transactions
- Tax Payment
Common Stock
2017-03-14$3.80/sh−1,521$5,780→ 15,896 total - Tax Payment
Common Stock
2017-03-14$3.80/sh−1,425$5,415→ 13,792 total - Exercise/Conversion
Common Stock
2017-03-14$3.80/sh+3,624$13,771→ 17,417 total - Exercise/Conversion
Performance Units
2017-03-14−7,106→ 0 total→ Common Stock (7,106 underlying)
Footnotes (4)
- [F1]Reflects the number of shares of common stock withheld by the issuer in satisfaction of the Reporting Person's tax withholding obligation upon the vesting of restricted stock units.
- [F2]Each performance unit represented a contingent right to receive the value of one share of Cloud Peak Energy Inc. common stock, which award was originally reported on a form 4 filed on 3/18/2014. The performance units vested 3 years from the date of grant (which was 3/14/2014) upon Cloud Peak Energy's achievement of performance goals, which were based upon Cloud Peak Energy's relative and absolute total shareholder return. These achievements resulted in a payout of 51% of the target, which target number was originally reported on the Form 4 filed on 3/18/2014.
- [F3]Reflects the number of shares of common stock withheld by the Issuer in satisfaction of the Reporting Person's tax withholding obligation upon the vesting of performance units.
- [F4]This total does not include restricted stock units granted to the Reporting Person in 2015, 2016 or 2017 as vested restricted stock units may be paid in shares, cash or a combination of shares and cash, in the discretion of the Compensation Committee.