Wagner Les H. 4

4 · NATIONAL COAL CORP · Filed Dec 17, 2010

Form 4

Period: 2010-12-15

Acting Chief Financial Officer

Transactions

Disposition to Issuer
Common Stock
2010-12-15$1.00/sh−1,250$1,250→ 0 total
Disposition to Issuer
Stock Option (Right to Buy)
2010-01-08−2,500→ 0 total
Exercise: $4.56Exp: 2018-07-10→ Common Stock (2,500 underlying)
Disposition to Issuer
Stock Option (Right to Buy)
2009-12-29−12,500→ 0 total
Exercise: $3.48Exp: 2019-12-29→ Common Stock (12,500 underlying)
Disposition to Issuer
Stock Option (Right to Buy)
2010-01-08−10,000→ 0 total
Exercise: $4.16Exp: 2020-01-08→ Common Stock (10,000 underlying)

Footnotes (5)

[F1]Disposed of in connection with the merger of National Coal Corp. with and into Ranger Coal Holdings, LLC, effective December 15, 2010 (the "Merger") pursuant to the Agreement and Plan of Merger dated September 27, 2010, as subsequently amended on December 10, 2010, among National Coal Corp., Ranger Energy Investments, LLC and Ranger Coal Holdings, LLC. In connection with the Merger, the shares listed were exchanged for the right to receive $1.00 per share in cash.
[F2]This option was to vest in four equal installments beginning on January 8, 2011.
[F3]This option was cancelled in the Merger for no consideration.
[F4]625 shares vested on July 14, 2009, 625 shares vested on July 14, 2010, and the remaining shares were to vest in two equal annual installments on each of July 14, 2011, on July 14, 2012.
[F5]This option was to vest in four equal installments of 3,125 on each of January 1, 2011, January 1, 2012, January 1, 2013 and January 1, 2014.

Documents

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