MASSEY ENERGY CO 4
4 · MASSEY ENERGY CO · Filed Jun 3, 2011
Insider Transaction Report
Form 4
WELTY LINDA J
Director
Transactions
- Disposition to Issuer
Restricted Units (phantom stock units)
2011-06-01−2,345→ 0 total→ Common Stock (2,345 underlying) - Disposition to Issuer
Common Stock
2011-06-01−6,287→ 0 total
Footnotes (2)
- [F1]Disposed of pursuant to the Agreement and Plan of Merger, dated as of January 27, 2011, among Massey Energy Company ("Massey") and Alpha Natural Resources, Inc. ("Alpha") and Mountain Merger Sub, Inc. Each share of Massey common stock was exchanged for (i) 1.025 shares of Alpha common stock and (ii) $10.00 in cash, without interest (the "Merger Consideration"). Includes 4,911 restricted shares that vested and converted into the Merger Consideration. Includes 1,376 restricted shares of Massey common stock that were converted into 1,666 restricted shares of Alpha common stock subject to the same terms and conditions as were applicable immediately prior to the merger. Any fractional share will be paid in cash.
- [F2]Pursuant to the Massey Energy Company Non-Employee Director Compensation Summary, the reporting person held 2,345 restricted units. Pursuant to the Merger Agreement, the restricted units were cancelled and the reporting person will receive a cash payment, without interest, equal to the product of (A) the sum of (x) 1.025 multiplied by $52.51 and (y) $10.00 in cash and (B) the number of shares of Massey common stock subject to the Massey restricted stock unit immediately prior to the effective time of the merger.