Filing Details

Accession Number:
0000906344-10-000242
Form Type:
4
Zero Holdings:
No
Publication Time:
2010-07-27 13:00:00
Reporting Period:
2010-07-23
Filing Date:
2010-07-27
Accepted Time:
2010-07-27 17:09:40
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1089575 National Coal Corp NCOC Bituminous Coal & Lignite Surface Mining (1221) 650601272
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1133521 Steelhead Partners Llc 333 108Th Ave. Ne
Suite 2010
Bellevue WA 98004
No No No Yes
1327721 Michael James Johnston 333 108Th Ave. Ne
Suite 2010
Bellevue WA 98004
No No No Yes
1327722 Katz Brian Klein 333 108Th Ave. Ne
Suite 2010
Bellevue WA 98004
No No No Yes
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Par Value $.0001 Per Share Disposition 2010-07-23 68,391 $1.12 1,239,112 No 4 S Indirect See footnotes
Common Stock Par Value $.0001 Per Share Disposition 2010-07-23 4,400 $1.12 1,234,712 No 4 S Indirect See footnotes
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Indirect See footnotes
No 4 S Indirect See footnotes
Footnotes
  1. On June 22, 2010, the issuer effected a 4-for-1 reverse stock split, reducing the reporting person's reported beneficial ownership by 3,922,509 shares.
  2. The reporting persons are: (i) Steelhead Partners, LLC ("Steelhead"), a registered investment advisor within the meaning of Rule 16a-1(a)(1)(v) under the Exchange Act; and (ii) each of James Michael Johnston and Brian Katz Klein, Steelhead's member-managers.
  3. The shares of common stock reported on this Form 4 are directly held by Steelhead Navigator Master, L.P. ("Navigator"). Steelhead is the investment manager of Navigator. As a greater than 10% beneficial owner, Navigator is separately reporting this transaction in the issuer's securities on a Form 4 filed concurrently herewith.
  4. Steelhead and the other reporting persons may be deemed to beneficially own the securities owned by Navigator insofar as they may be deemed to have the power to direct the voting or disposition of such securities. The reporting persons have elected therefore to file this Form 4 voluntarily, notwithstanding the reporting exemption applicable to registered investment advisors under Rule 16a-1(a)(1)(v) and to control persons under Rule 16a-1(a)(1)(vii). The filing of this Form 4 should not, however, be deemed an admission by any of the reporting persons that such person falls outside the scope of the foregoing exemptions, or that the reporting persons and/or Navigator form a group within the meaning of Rule 16a-1(a)(1). Each of Steelhead, Mr. Johnston, Mr. Klein and Navigator expressly disclaims beneficial ownership in these securities, except to the extent of their respective pecuniary interests therein.