4//SEC Filing
Patriot Coal CORP 4
Accession 0001209191-07-061718
CIK 0001376812operating
Filed
Nov 4, 7:00 PM ET
Accepted
Nov 5, 1:18 PM ET
Size
11.4 KB
Accession
0001209191-07-061718
Insider Transaction Report
Form 4
Altrudo Michael V
SVP & Chief Marketing Officer
Transactions
- Award
Restricted Stock Unit
2007-11-01+30,418→ 30,418 totalExercise: $0.00→ Common Stock (30,418 underlying) - Award
Common Stock
2007-11-01+5,000→ 5,673 total - Award
Non-Qualified Stock Option (right to buy)
2007-11-01+28,591→ 28,591 totalExercise: $37.50Exp: 2017-10-31→ Common Stock (28,591 underlying)
Footnotes (3)
- [F1]The reporting person has received an award of restricted common stock under the Patriot Coal Corporation (the "Company") 2007 Long-Term Equity Incentive Plan (the "Plan"). The restricted stock will fully vest on the third anniversary of the grant date, or earlier if the reporting person terminates employment with the Company because of death or disability, or if a change in control occurs. Any unvested restricted stock will be forfeited if the reporting person terminates employment with the Company for any reason other than death or disability prior to the third anniversary of the grant date.
- [F2]The reporting person has received an award of non-qualified stock options under the Plan. The stock options will be 50% exercisable on the fifth anniversary of the grant date, 75% exercisable on the sixth anniversary and 100% exercisable on the seventh anniversary, or earlier if the reporting person terminates employment with Patriot because of death or disability, or if a change in control occurs. Any part of the stock options that are not exercisable will be terminated if a grantee terminates employment with Patriot for any reason other than death or disability prior to the time such stock options have become vested and exercisable. No stock options can be exercised more than ten years after the date of grant, but the ability to exercise the stock options may terminate sooner upon the occurrence of certain events.
- [F3]The reporting person has received an award of restricted stock units (the "RSUs") under the Plan. 12,167 RSUs will vest over time, and will be 50% vested on the fifth anniversary of the grant date, 75% vested on the sixth anniversary and 100% vested on the seventh anniversary (or earlier if a reporting person terminates employment with the Company because of death or disability, or if a change in control occurs), and 18,251 RSUs will vest based upon the Company's financial performance, and will vest according to a formula described in the award agreement, the results of which are calculated on the December 31 following the fifth, sixth and seventh anniversaries of the grant date. All unvested RSUs will be forfeited if the reporting person terminates employment with the Company for any reason other than death or disability.
Documents
Issuer
Patriot Coal CORP
CIK 0001376812
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001376812
Filing Metadata
- Form type
- 4
- Filed
- Nov 4, 7:00 PM ET
- Accepted
- Nov 5, 1:18 PM ET
- Size
- 11.4 KB