NATIONAL COAL CORP 4

4 · NATIONAL COAL CORP · Filed Dec 2, 2004

Insider Transaction Report

Form 4

Period: 2004-08-31

NATIONAL COAL CORPNLCP

NIX JEANNE BOWEN

Secretary and Treasurer

Transactions

Exercise of In-Money
Common Stock
[F6][F1]
2004-11-30+1,944,555→ 3,844,555 total(indirect: By Jenco Capital Corporation)
Exercise of In-Money
Common Stock
[F1]
2004-11-30$0.20/sh+5,000,000$1,000,000→ 8,844,555 total(indirect: By Jenco Capital Corporation)
Other
Call Option (right to buy)
[F2][F1]
2004-08-31−1→ 1 total(indirect: By Spouse)
From: 2004-06-30Exp: 2004-09-30→ Common Stock (5,194,555 underlying)
Other
Call Option (right to buy)
[F3][F4][F1]
2004-09-30−1→ 0 total(indirect: By Spouse)
From: 2004-06-30Exp: 2004-09-30→ Common Stock (4,844,555 underlying)
Purchase
Call Option (right to buy)
[F3][F4][F1]
2004-09-30$10000.00/sh+1$10,000→ 1 total(indirect: By Spouse)
From: 2004-06-30Exp: 2004-10-31→ Common Stock (4,844,555 underlying)
Other
Call Option (right to buy)
[F3][F4][F1]
2004-10-31−1→ 0 total(indirect: By Spouse)
From: 2004-06-30Exp: 2004-10-31→ Common Stock (4,844,555 underlying)
Purchase
Call Option (right to buy)
[F3][F4][F1]
2004-10-31$10000.00/sh+1$10,000→ 1 total(indirect: By Spouse)
From: 2004-06-30Exp: 2004-11-30→ Common Stock (4,844,555 underlying)
Other
Call Option (right to buy)
[F5][F1]
2004-11-30−1→ 1 total(indirect: By Jenco Capital Corporation)
From: 2004-06-30Exp: 2004-11-30→ Common Stock (4,844,555 underlying)
Exercise of In-Money
Call Option (right to buy)
[F6][F1]
2004-11-30−1→ 0 total(indirect: By Jenco Capital Corporation)
From: 2004-06-30Exp: 2004-11-30→ Common Stock (1,944,555 underlying)
Other
Call Option (right to buy)
[F7][F1]
2004-11-30−1→ 1 total(indirect: By Jenco Capital Corporation)
Exercise: $0.20From: 2004-06-01Exp: 2005-03-31→ Common Stock (5,000,000 underlying)
Exercise of In-Money
Call Option (right to buy)
[F1]
2004-11-30−1→ 0 total(indirect: By Jenco Capital Corporation)
Exercise: $0.20From: 2004-06-01Exp: 2005-03-31→ Common Stock (5,000,000 underlying)

Holdings

Common Stock
600,000
Common Stock
[F1]
(indirect: By Spouse)
13,750,000
Common Stock
[F1]
(indirect: By Perdase Holdings, Inc.)
400,000

Footnotes (7)

[F1]The Reporting Person may be deemed to beneficially own such securities, but disclaims beneficial ownership in such securities, except to the extent of the Reporting Person's pecuniary interest therein.
[F2]The Reporting Person assigned a portion of this option to two parties to purchase an aggregate of 350,000 shares of Common Stock at an exercise price of $0.65 per share. This option remains exercisable for an aggregate of 4,844,555 shares of Common Stock. The exercise price for 4,700,000 shares is $0.55 per share and the exercise price for the remaining 144,555 shares is $0.65 per share.
[F3]The exercise price for 4,700,000 shares is $0.55 per share and the exercise price for the remaining 144,555 shares is $0.65 per share.
[F4]Amendment of outstanding option resulting in deemed cancellation of option and grant of replacement option.
[F5]The Reporting Person assigned a portion of this option to various parties to purchase an aggregate of 2,900,000 shares of Common Stock at an exercise price of $0.55 per share, and the remaining portion to Jenco Capital Corporation to purchase 1,800,000 shares at an exercise price of $0.55 per share and 144,555 shares at an exercise price of $0.65 per share.
[F6]The exercise price for 1,800,000 shares is $0.55 per share and the exercise price for the remaining 144,555 shares is $0.65 per share.
[F7]The Reporting Person assigned this option to Jenco Capital Corporation.

Signature

/s/ Jeanne Nix|2004-12-02

Documents

1 file

4
sam04-198_ex.xmlPrimary