TAYLOR ADRIAN NICK 4
4 · CLOUD PEAK ENERGY INC. · Filed Mar 10, 2011
Insider Transaction Report
Form 4
TAYLOR ADRIAN NICK
VP Technical Services
Transactions
- Award
Performance Units
2011-03-08+10,719→ 10,719 total→ Common Stock (10,719 underlying) - Award
Common Stock
2011-03-08+5,359→ 37,059 total - Award
Employee Non-Qualified Stock Option (Right to Buy)
2011-03-08+9,021→ 9,021 totalExercise: $20.99→ Common Stock (9,021 underlying)
Footnotes (4)
- [F1]Restricted Stock Award which vests as to 100% three years after the date of grant.
- [F2]100% of the option vests three years after the date of grant.
- [F3]Nonqualified options granted under Cloud Peak Energy Inc.'s 2009 Long Term Incentive Plan expire ten years after the date of grant.
- [F4]Each performance right represents a contingent right to receive one share of Cloud Peak Energy Inc. common stock. The performance rights vest 3 years from the date of grant upon Cloud Peak Energy's achievement of Performance Goals, which are based upon Cloud Peak Energy's relative total shareholder return. These achievements may result in a payout range between 0% and 200% of the target. The number of performance rights shown in columns 5 and 7 is equal to the target number of performance rights that may be earned. There is no expiration date for performance rights.