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