4//SEC Filing
WHITING RICHARD M 4
Accession 0001209191-12-002230
CIK 0001376812other
Filed
Jan 4, 7:00 PM ET
Accepted
Jan 5, 5:13 PM ET
Size
18.5 KB
Accession
0001209191-12-002230
Insider Transaction Report
Form 4
WHITING RICHARD M
DirectorPresident, CEO
Transactions
- Award
Non-Qualified Stock Options
2012-01-03+146,952→ 146,952 totalExercise: $9.13→ Common Stock (146,952 underlying) - Award
Common Stock
2012-01-03+73,476→ 146,241 total - Award
Restricted Stock Options
2012-01-03+95,382→ 95,382 total→ Common Stock (95,382 underlying)
Holdings
- 60,800(indirect: By Partnership)
Common Stock
- 141,803(indirect: By Trust)
Common Stock
Footnotes (6)
- [F1]The reporting person has received an award of restricted stock under the Patriot Coal Corporation (the "Company") 2007 Long-Term Equity Incentive Plan, as amended (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 and 100% of the award will be vested on the third anniversary. 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 immediately 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]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. 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 immediately vest with respect to the percentage of underlying 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.
- [F3]Does not included non-qualified stock options with different terms and/or vesting dates.
- [F4]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 as described in the award agreement, the issuance of shares underlying the RSUs will be made no later than January 15, 2015, based on a performance period ending December 31, 2014, 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 represents the number of shares that will be issued if TSR target performance is satisfied.
- [F5]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, that in the event that the 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.
- [F6]Does not include RSUs with different terms and/or vesting dates.
Issuer
Patriot Coal CORP
CIK 0001376812
Entity typeother
Related Parties
1- filerCIK 0001213884
Filing Metadata
- Form type
- 4
- Filed
- Jan 4, 7:00 PM ET
- Accepted
- Jan 5, 5:13 PM ET
- Size
- 18.5 KB