4//SEC Filing
Carbone Kendall K 4
Accession 0001104659-18-015202
CIK 0001441849other
Filed
Mar 5, 7:00 PM ET
Accepted
Mar 6, 3:23 PM ET
Size
16.1 KB
Accession
0001104659-18-015202
Insider Transaction Report
Form 4
Carbone Kendall K
VP, Chief Accounting Officer
Transactions
- Exercise/Conversion
Common Stock
2018-03-02+7,025→ 7,025 total - Tax Payment
Common Stock
2018-03-02$3.30/sh−3,090$10,197→ 3,935 total - Exercise/Conversion
Common Stock
2018-03-02$3.30/sh+10,537$34,772→ 14,472 total - Tax Payment
Common Stock
2018-03-02$3.30/sh−4,635$15,296→ 9,837 total - Exercise/Conversion
Performance Share Units
2018-03-02−10,537→ 0 total→ Common Stock (10,537 underlying) - Award
Restricted Stock Units
2018-03-02+18,456→ 18,456 total→ Common Stock (18,456 underlying)
Footnotes (7)
- [F1]Reflects the number of 2015 restricted stock units ("RSUs") vested on 3/2/2018. Each RSU represents a contingent right to receive one share of Cloud Peak Energy Inc. ("CPE") common stock. 100% of the restricted stock units vest three years from the date of grant (which was 3/2/2015). The Reporting Person was not a Section 16 officer as of the date of the grant of the 2015 RSUs.
- [F2]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 2015 RSUs.
- [F3]Each 2015 performance share unit ("PSU") represented a contingent right to receive the value of one share of Cloud Peak Energy Inc. common stock. The PSUs vested 3 years from the date of grant (which was 3/2/2015) upon CPE's achievement of performance goals, which were based upon CPE's relative and absolute total shareholder return ("TSR"). These TSR achievements resulted in a payout of 100% of the target.
- [F4]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 2015 PSUs.
- [F5]This total does not include RSUs granted to the Reporting Person in 2016, 2017 or 2018 because vested RSUs may be paid in shares, cash or a combination of shares and cash, in the discretion of the Compensation Committee.
- [F6]Each 2018 RSU represents a contingent right to receive the value of one share of CPE common stock. In general, 100% of the RSUs vest three years after the date of grant subject to the terms of the award agreement and CPE's long-term incentive plan ("LTIP"). Vested RSUs may be paid in shares, cash or a combination of shares and cash, in the discretion of the Compensation Committee.
- [F7]This total does not include 2018 PSUs that were also granted on 3/2/2018 and that will be reported under Section 16 upon any vesting, as provided by applicable rules. PSUs represent a contingent right to receive the value of one share of CPE common stock. In general, PSUs vest 3 years from the date of grant depending on CPE's achievement of performance goals, which are based upon CPE's TSR, and subject to the terms of the award agreement and CPE's LTIP. These TSR achievements may result in a payout ranging between 0% and 200% of the target.
Documents
Issuer
CLOUD PEAK ENERGY INC.
CIK 0001441849
Entity typeother
Related Parties
1- filerCIK 0001550543
Filing Metadata
- Form type
- 4
- Filed
- Mar 5, 7:00 PM ET
- Accepted
- Mar 6, 3:23 PM ET
- Size
- 16.1 KB