- Accession Number:
- Form Type:
- Zero Holdings:
- Publication Time:
- 2010-05-28 13:00:00
- Reporting Period:
- Filing Date:
- Accepted Time:
- 2010-05-28 11:51:30
- SEC Url:
- Form 4 Filing
|Cik||Name||Symbol||Sector (SIC)||IRS No|
|1335793||Cnx Gas Corp||CXG||Crude Petroleum & Natural Gas (1311)||203170639|
|Cik||Name||Reported Address||Insider Title||Director||Officer||Large Shareholder||Other|
|1346615||R John Pipski||1000 Consol Energy Drive |
Canonsburg PA 15317
Reported Non-Derivative Transactions
|Sec. Name||Acquisiton - Disposition||Date||Amount||Price||Remaning Holdings||Equity Swap Involved||Form Type||Code||Nature of Ownership||Explanation|
|Common Shares, $0.01 Par Value Per Share||Disposition||2010-05-26||15,721||$38.25||7,776||No||4||S||Direct|
|Common Shares, $0.01 Par Value Per Share||Disposition||2010-05-26||7,776||$0.00||0||No||4||D||Direct|
|Equity Swap Involved||Form Type||Code||Nature of Ownership||Explanation|
Reported Derivative Transactions
|Sec. Name||Sec. Type||Acquisiton - Disposition||Date||Amount||Price||Amount - 2||Price - 2|
|Common Shares, $0.01 Par Value Per Share||Stock Option (Right to Buy)||Disposition||2010-05-26||2,544||$9.75||2,544||$28.50|
|Remaning Holdings||Exercise Date||Expiration Date||Equity Swap Involved||Transaction Form Type||Transaction Code||Nature of Ownership|
- These shares were tendered to CONSOL Energy Inc. ("CONSOL"), the parent company of CNX Gas Corporation (the "Issuer"), pursuant to CONSOL's offer to purchase all of the outstanding shares of the Issuer at a cash purchase price of $38.25 per share, pursuant to the terms and conditions set forth in the Offer to Purchase, dated April 28, 2010 (as amended and supplemented, the "Offer to Purchase") and in the related letter of transmittal (which, together with any amendments or supplements thereto, collectively constitute the "Tender Offer").
- The reporting person disposed of 7,776 restricted stock units of the Issuer in exchange for 8,341 restricted stock units of CONSOL in connection with the Tender Offer.
- The shares underlying each of these options, which were vested in full at the closing of the Tender Offer, were cancelled in connection with the Tender Offer in exchange for the right to receive a cash payment equal to the number of shares of Issuer common stock underlying each such option multiplied by the product of $38.25 minus the exercise price per share of such option.
- The cancelled option vested in full on April 28, 2009.