0001104659-16-103272.txt : 20160308
0001104659-16-103272.hdr.sgml : 20160308
20160308114710
ACCESSION NUMBER: 0001104659-16-103272
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20160304
FILED AS OF DATE: 20160308
DATE AS OF CHANGE: 20160308
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: CLOUD PEAK ENERGY INC.
CENTRAL INDEX KEY: 0001441849
STANDARD INDUSTRIAL CLASSIFICATION: BITUMINOUS COAL & LIGNITE SURFACE MINING [1221]
IRS NUMBER: 263088162
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 505 SOUTH GILLETTE AVE.
CITY: GILLETTE
STATE: WY
ZIP: 82716
BUSINESS PHONE: 307-687-6000
MAIL ADDRESS:
STREET 1: 505 SOUTH GILLETTE AVE.
CITY: GILLETTE
STATE: WY
ZIP: 82716
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: MYERS TODD A
CENTRAL INDEX KEY: 0001169888
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-34547
FILM NUMBER: 161490831
MAIL ADDRESS:
STREET 1: 2 NORTH CASCADE AVENUE, 2ND FLOOR
STREET 2: C/O WESTMORELAND COAL COMPANY
CITY: COLORADO SPRING
STATE: CO
ZIP: 80903
4
1
a4.xml
4
X0306
4
2016-03-04
0
0001441849
CLOUD PEAK ENERGY INC.
CLD
0001169888
MYERS TODD A
505 S. GILLETTE AVE.
GILLETTE
WY
82716
0
1
0
0
Sr VP, Business Development
Restricted Stock Units
2016-03-04
4
A
0
63590
0
A
Common Stock
63590
63590
D
Each restricted stock unit ("RSU") represents a contingent right to receive the value of one share of Cloud Peak Energy Inc. ("CPE") common stock. In general, 100% of the RSUs vest three years after the date of grant subject to the terms of the award agreement and CPE's long-term incentive plan ("LTIP"). Vested RSUs may be paid in shares, cash or a combination of shares and cash, in the discretion of the Compensation Committee.
This total does not include performance share units ("PSUs") that were also granted on March 4, 2016 and that will be reported under Section 16 upon any vesting, as provided by applicable rules. PSUs represent a contingent right to receive the value of one share of CPE common stock. In general, PSUs vest 3 years from the date of grant depending on CPE's achievement of performance goals, which are based upon CPE's relative and absolute total shareholder return ("TSR"), and subject to the terms of the award agreement and CPE's LTIP. These TSR achievements may result in a payout ranging between 0% and 200% of the target. Vested and earned PSUs may be paid in shares, cash or a combination of shares and cash, in the discretion of the Compensation Committee. It is currently expected that 2016 PSUs will be settled in cash, rather than in shares of common stock.
/s/ Bryan J. Pechersky, attorney-in-fact for Todd A. Myers
2016-03-08