4//SEC Filing
RIVENES GARY 4
Accession 0001104659-18-015205
CIK 0001441849other
Filed
Mar 5, 7:00 PM ET
Accepted
Mar 6, 3:25 PM ET
Size
14.7 KB
Accession
0001104659-18-015205
Insider Transaction Report
Form 4
RIVENES GARY
Chief Operating Officer
Transactions
- Tax Payment
Common Stock
2018-03-02$3.30/sh−18,588$61,340→ 126,147 total - Tax Payment
Common Stock
2018-03-02$3.30/sh−27,882$92,011→ 169,121 total - Award
Restricted Stock Units
2018-03-02+85,457→ 85,457 total→ Common Stock (85,457 underlying) - Exercise/Conversion
Common Stock
2018-03-02$3.30/sh+70,856$233,825→ 197,003 total - Exercise/Conversion
Performance Share Units
2018-03-02−70,856→ 0 total→ Common Stock (70,856 underlying)
Footnotes (7)
- [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 2015 restricted stock units ("RSUs").
- [F2]Each 2015 performance share unit ("PSU") represented a contingent right to receive the value of one share of Cloud Peak Energy Inc. ("CPE") 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, which target number was originally reported in Table II on the Form 4 filed on 3/3/2015.
- [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 2015 PSUs.
- [F4]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.
- [F5]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.
- [F6]This total does not include 2018 PSUs that were also granted on 3/2/2018. 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.
- [F7]As disclosed in a Form 8-K filed on 1/18/2018, the Reporting Person's final day as an employee of CPE will be 4/17/2018. In connection with his departure from CPE, the Reporting Person will forfeit a pro-rata portion of all unvested equity compensation awards, including his 2018 equity awards.
Documents
Issuer
CLOUD PEAK ENERGY INC.
CIK 0001441849
Entity typeother
Related Parties
1- filerCIK 0001477270
Filing Metadata
- Form type
- 4
- Filed
- Mar 5, 7:00 PM ET
- Accepted
- Mar 6, 3:25 PM ET
- Size
- 14.7 KB