0000106455-17-000054.txt : 20170627 0000106455-17-000054.hdr.sgml : 20170627 20170627201042 ACCESSION NUMBER: 0000106455-17-000054 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20170623 FILED AS OF DATE: 20170627 DATE AS OF CHANGE: 20170627 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: WESTMORELAND COAL Co CENTRAL INDEX KEY: 0000106455 STANDARD INDUSTRIAL CLASSIFICATION: BITUMINOUS COAL & LIGNITE SURFACE MINING [1221] IRS NUMBER: 231128670 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 9540 SOUTH MAROON CIRCLE STREET 2: SUITE 300 CITY: ENGLEWOOD STATE: CO ZIP: 80112 BUSINESS PHONE: 303-922-6463 MAIL ADDRESS: STREET 1: 9540 SOUTH MAROON CIRCLE STREET 2: SUITE 300 CITY: ENGLEWOOD STATE: CO ZIP: 80112 FORMER COMPANY: FORMER CONFORMED NAME: WESTMORELAND COAL CO DATE OF NAME CHANGE: 19920703 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Troup Nathan M. CENTRAL INDEX KEY: 0001602059 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-11155 FILM NUMBER: 17933526 MAIL ADDRESS: STREET 1: 1601 DRY CREEK DRIVE STREET 2: STE. 260 CITY: LONGMONT STATE: CO ZIP: 80503 4 1 wf-form4_149860862942909.xml FORM 4 X0306 4 2017-06-23 0 0000106455 WESTMORELAND COAL Co WLB 0001602059 Troup Nathan M. 9540 SOUTH MAROON CIRCLE SUITE 300 ENGLEWOOD CO 80112 0 1 0 0 Principal Accounting Officer Restricted Stock Units 2017-06-23 4 A 0 6775 A 2018-04-01 Restricted Stock Units 6775.0 6775 D Performance Based Restricted Stock Units 2017-06-23 4 A 0 11292 A 2020-04-01 2020-04-01 Common Stock 11292.0 11292 D Cash Units 2017-06-23 4 A 0 4517 A 2018-04-01 Common Stock 4517.0 4517 D Each Restricted Stock Unit represents a contingent right to receive one share of common stock payable in common stock, cash or a combination thereof at the discretion of the Compensation and Benefits Committee. The Restricted Stock Units vest in three equal annual installments beginning on April 1st following the grant date. Each Performance Based Restricted Stock Unit ("PBRSU") represents a contingent right to receive up to 1.5 shares of common stock or the economic equivalent thereof. Units vest over three years and may become payable on April 1, 2020; achievement is 25% weighted based on a comparison of the company's relative total shareholder return ("TSR") over the performance period to a weighted total shareholder return during such period of companies in the Russell 3000 Index; 25% weighted based on a comparison of the company's TSR over the performance period to a weighted TSR during such period of certain companies in the Market Vectors Global Coal Index with principal places of business in the US, Australia or Canada; and 50% weighted based on a three-year free cash flow goal for the Company's consolidated enterprise. For achievement between 100% and 150% of target performance, the PBRSU will be settled solely in cash. Each Cash Unit is settled solely in cash upon vesting and represents the economic equivalent of one share of the Issuer's common stock. These Cash Units vest in three equal installments on April 1, 2018, 2019 and 2020. /s/ Jennifer S. Grafton by Power of Attorney 2017-06-27