4//SEC Filing
Altrudo Michael V 4
Accession 0001209191-09-006250
CIK 0001376812other
Filed
Feb 2, 7:00 PM ET
Accepted
Feb 3, 5:33 PM ET
Size
10.4 KB
Accession
0001209191-09-006250
Insider Transaction Report
Form 4
Altrudo Michael V
SVP & Chief Marketing Officer
Transactions
- Award
Restricted Stock Unit
2009-01-30+26,730→ 87,566 totalExercise: $0.00→ Common Stock (26,730 underlying) - Award
Non-Qualified Stock Option
2009-01-30+53,460→ 110,642 totalExercise: $5.13→ Common Stock (53,460 underlying)
Footnotes (3)
- [F1]The reporting person has received an award of non-qualified stock options under the Patriot Coal Corporation (the "Company") 2007 Long-Term Equity Incentive Plan (the "Plan"). The stock options will be 33.33% exercisable on January 2, 2010, 33.33% exercisable on January 2, 2011 and 33.34% exercisable on January 2, 2012, or earlier if the reporting person terminates employment with the Company because of death or disability, or if a change in control occurs.
- [F2]In the event that the reporting person's employment is terminated without cause or by the reporting person for good reason, the stock options will vest and become exercisable with respect to the percentage of shares of common stock of the Company that would have otherwise vested on the next vesting date. Except as provided in the preceding sentence, any part of the stock options that are not exercisable will be terminated if the reporting person terminates employment with the Company 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 performance-based restricted stock units (the "RSUs") under the Plan. Subject to satisfaction of certain performance-based parameters tied to total shareholder return ("TSR") relative to a peer group (or satisfaction of a specified TSR (the "Minimum TSR")), as described in the award agreement, the RSUs will vest on December 31, 2011, or earlier if the reporting person terminates employment with the Company because of death or disability, or if a change in control occurs. The number of shares reported represent the minimum number of shares that may be awarded if the actual TSR exceeds the Minimum TSR. All unvested RSUs will be forfeited if the reporting person terminates employment with the Company for any reason other than death or disability, provided however, in the event that reporting person's employment is terminated without cause or by the reporting person for good reason, a pro rata portion of the RSUs will vest.
Documents
Issuer
Patriot Coal CORP
CIK 0001376812
Entity typeother
Related Parties
1- filerCIK 0001414854
Filing Metadata
- Form type
- 4
- Filed
- Feb 2, 7:00 PM ET
- Accepted
- Feb 3, 5:33 PM ET
- Size
- 10.4 KB