4//SEC Filing
Pipski John R 4
Accession 0001181431-10-030071
CIK 0001335793other
Filed
May 27, 8:00 PM ET
Accepted
May 28, 11:51 AM ET
Size
9.8 KB
Accession
0001181431-10-030071
Insider Transaction Report
Form 4
CNX Gas CorpCXG
Pipski John R
Director
Transactions
- Sale
Common shares, $0.01 par value per share
2010-05-26$38.25/sh−15,721$601,328→ 7,776 total - Disposition to Issuer
Common shares, $0.01 par value per share
2010-05-26−7,776→ 0 total - Disposition to Issuer
Stock Option (Right to Buy)
2010-05-26$9.75/sh−2,544$24,804→ 0 totalExercise: $28.50Exp: 2016-04-28→ Common shares, $0.01 par value per share (2,544 underlying)
Footnotes (4)
- [F1]These shares were tendered to CONSOL Energy Inc. ("CONSOL"), the parent company of CNX Gas Corporation (the "Issuer"), pursuant to CONSOL's offer to purchase all of the outstanding shares of the Issuer at a cash purchase price of $38.25 per share, pursuant to the terms and conditions set forth in the Offer to Purchase, dated April 28, 2010 (as amended and supplemented, the "Offer to Purchase") and in the related letter of transmittal (which, together with any amendments or supplements thereto, collectively constitute the "Tender Offer").
- [F2]The reporting person disposed of 7,776 restricted stock units of the Issuer in exchange for 8,341 restricted stock units of CONSOL in connection with the Tender Offer.
- [F3]The shares underlying each of these options, which were vested in full at the closing of the Tender Offer, were cancelled in connection with the Tender Offer in exchange for the right to receive a cash payment equal to the number of shares of Issuer common stock underlying each such option multiplied by the product of $38.25 minus the exercise price per share of such option.
- [F4]The cancelled option vested in full on April 28, 2009.
Documents
Issuer
CNX Gas Corp
CIK 0001335793
Entity typeother
Related Parties
1- filerCIK 0001346615
Filing Metadata
- Form type
- 4
- Filed
- May 27, 8:00 PM ET
- Accepted
- May 28, 11:51 AM ET
- Size
- 9.8 KB