ARCH COAL INC 4
4 · ARCH COAL INC · Filed Nov 28, 2016
Insider Transaction Report
Form 4
ARCH COAL INCARCH
Cochran Kenneth D.
Sr. VP - Operations
Transactions
- Award
Restricted Stock Units
2016-11-23+15,750→ 15,750 totalExp: 2019-11-23→ Class A Common Stock (15,750 underlying) - Award
Restricted Stock Units
2016-11-23+10,500→ 10,500 total→ Class A Common Stock (10,500 underlying)
Footnotes (3)
- [F1]Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock of Arch Coal, Inc.
- [F2]The restricted stock units vest in three equal annual installments beginning November 23, 2017. Vested shares are scheduled to be delivered to the reporting person on November 23, 2019.
- [F3]The restricted stock units vest on November 23, 2019 based on the volume weighted average price of a share over any period of 90 consecutive days during the three-year performance period, with 25% of the units vesting if the share price is $65 and 100% of the units vesting if the share price is $125 (subject to straight-line interpolation between these two share prices).