4//SEC Filing
Hatfield Bennett K 4
Accession 0001209191-11-048632
CIK 0001376812other
Filed
Sep 20, 8:00 PM ET
Accepted
Sep 21, 3:08 PM ET
Size
14.5 KB
Accession
0001209191-11-048632
Insider Transaction Report
Form 4
Hatfield Bennett K
EVP & COO
Transactions
- Purchase
Common Stock
2011-09-20$12.01/sh+30,000$360,300→ 78,077 total - Award
Common Stock
2011-09-19+48,077→ 48,077 total - Award
Non-Qualified Stock Options
2011-09-19+96,154→ 96,154 totalExercise: $12.48→ Common Stock (96,154 underlying)
Footnotes (3)
- [F1]The reporting person has received an award of restricted stock under the Patriot Coal Corporation (the "Company") 2007 Long-Term Equity Incentive Plan (the "Plan"). The restricted stock will ratably vest in annual installments over a period of three years following the grant date, i.e., 33.33% of the award will be vested on the first anniversary of the grant date, 66.66% of the award will be vested on the second anniversary of the grant date and 100% of the award will be vested on the third anniversary of the grant date. The restricted stock will become fully vested if the reporting person terminates employment with the Company because of death or disability, or if a change in control occurs. In the event that the reporting person's employment is terminated without cause or by the reporting person for good reason, the restricted stock will vest with respect to the percentage of shares of common stock of the Company that would have otherwise vested on the next vesting date.
- [F2]This transaction was executed in multiple trades at prices ranging from $11.95 to $12.08. The price reported above reflects the weighted average purchase price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- [F3]The reporting person has received an award of non-qualified stock options under the Plan. The stock options will ratably vest in annual installments over a period of three years following the grant date, i.e. 33.33% of the award will be vested on the first anniversary of the grant date, 66.66% of the award will be vested on the second anniversary, and 100% of the award will be vested on the third anniversary of the grant date. The non-qualified stock options will become fully vested if the reporting person terminates employment with the Company because of death or disability, or if a change in control occurs. In the event that the reporting person's employment is terminated without cause or by the reporting person for good reason the non-qualified stock options will vest with respect to the percentage of shares of common stock of the Company that would have otherwise vested on the next vesting date. No stock options can be exercised more than ten years after the grant date.
Issuer
Patriot Coal CORP
CIK 0001376812
Entity typeother
Related Parties
1- filerCIK 0001329533
Filing Metadata
- Form type
- 4
- Filed
- Sep 20, 8:00 PM ET
- Accepted
- Sep 21, 3:08 PM ET
- Size
- 14.5 KB