X0303 4 2009-12-16 0 0000788965 HALLADOR ENERGY CO HPCO 0001406144 Bishop W Anderson 1660 LINCOLN STREET SUITE 2700 DENVER CO 80264 0 1 0 0 CFO Restricted Stock Unit 2009-12-16 4 A 0 200000 A Common Stock 200000 200000 D Each restricted stock unit represents a contingent right to receive one share of Hallador Energy Company common stock. The restricted stock units vest 25% each year starting in 2010. If employment terminates prior to vesting, the restricted stock units shall be immediately cancelled and the reporting person shall cease to have any right or entitlement to receive any shares under those cancelled units. W. Anderson Bishop 2010-01-20