X0206 3 2018-08-04 0 0000788965 HALLADOR ENERGY CO HNRG 0001032385 LUBAR DAVID J 833 E. MICHIGAN STREET SUITE 1500 MILWAUKEE WI 53202 1 0 0 0 Common stock 2788685 I Through Lubar & Co. These securities are owned by Lubar Equity Fund, LLC ("LEF"). Lubar & Co., Incorporated is the sole manager of the fund. Mr. David Lubar, as a director and President of Lubar & Co., may be deemed to share voting and dispositive power as to the shares held by LEF. Mr. David Lubar disclaims beneficial ownership in the shares owned by LEF, except to the extent of his respective pecuniary interest therein. David J. Lubar 2018-08-14