X0306 4 2017-06-06 0 0000788965 HALLADOR ENERGY CO HNRG 0001424577 Bilsland Brent K 1183 EAST CANVASBACK DRIVE TERRE HAUTE IN 47802 1 1 0 0 President and CEO Restricted Stock Unit 2017-06-06 4 A 0 275000 A Common Stock 275000 375000 D Each restricted stock unit represents a contingent right to receive one share of Hallador Energy Company common stock. The 275,000 restricted stock units, shall vest in the amount of 68,750 restricted stock units on December 16th of each of 2018, 2019, 2020 and 2021. Vested shares will delivered to the reporting person pursuant to terms of the Amended and Restated 2008 RSU Plan. 100,000 RSUs vest/lapse on December 16, 2017. The remaining 275,000 restricted stock units, shall vest in the amount of 68,750 restricted stock units on December 16th of each of 2018, 2019, 2020 and 2021 or otherwise in accordance with the terms of the RSU Plan and the applicable award agreement. Brent K. Bilsland 2017-06-08