LOCKHART THOMAS A 4
4 · ARCH COAL INC · Filed Mar 16, 2011
Insider Transaction Report
Form 4
LOCKHART THOMAS A
Director
Transactions
- Award
Phantom Stock
2011-03-15$33.67/sh+61$2,054→ 20,630 total→ Common Stock (61 underlying)
Footnotes (2)
- [F1]Each share of phantom stock represents a right to receive the value in cash of one share of Arch Coal, Inc. common stock. The shares of phantom stock are held by the director through the Arch Coal, Inc. Deferred Compensation Plan for Non-Employee Directors (the "Plan"). The shares of phantom stock acquired by the director represent dividends attributable to amounts that the director elected to defer under the Plan into a hypothetical investment in shares of Arch Coal, Inc. common stock.
- [F2]Shares of phantom stock are payable in cash following termination of the director's service as a director of Arch Coal, Inc. The director may transfer amounts held in the phantom stock account into an alternative investment account at any time.