0000106455-16-000161.txt : 20160520 0000106455-16-000161.hdr.sgml : 20160520 20160520143750 ACCESSION NUMBER: 0000106455-16-000161 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20160518 FILED AS OF DATE: 20160520 DATE AS OF CHANGE: 20160520 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 200 CITY: ENGLEWOOD STATE: CO ZIP: 80112 BUSINESS PHONE: 303-922-6463 MAIL ADDRESS: STREET 1: 9540 SOUTH MAROON CIRCLE STREET 2: SUITE 200 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: Veenstra Jason William CENTRAL INDEX KEY: 0001659797 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-11155 FILM NUMBER: 161665807 MAIL ADDRESS: STREET 1: 9540 SOUTH MAROON CIRCLE STREET 2: SUITE 200 CITY: ENGLEWOOD STATE: CO ZIP: 80112 4 1 wf-form4_146376945664122.xml FORM 4 X0306 4 2016-05-18 0 0000106455 WESTMORELAND COAL Co WLB 0001659797 Veenstra Jason William 9540 SOUTH MAROON CIRCLE, SUITE 200 ENGLEWOOD CO 80112 0 1 0 0 Chief Financial Officer Restricted Stock Units 2016-05-18 4 A 0 9000 A 2017-04-01 Common Stock 9000.0 9000 D Performance Based Restricted Stock Units 2016-05-18 4 A 0 15000 A 2019-04-01 2019-04-01 Common Stock 22500.0 15000 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 represents a contingent right to receive up to 1.5 shares of common stock. The units vest over approximately three years and become payable on April 1, 2019; 25% weighted based on a comparison of the company's relative total shareholder return over the vesting 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 relative total shareholder return over the vesting period to a weighted total shareholder return 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 Westmoreland's consoldated global enterprise. /s/ Jennifer S. Grafton by Power of Attorney 2016-05-20