X0303 4 2009-11-19 0001441849 CLOUD PEAK ENERGY INC. CLD 0001477270 RIVENES GARY 505 S. GILLETTE AVE. GILLETTE WY 82716 1 Chief Operating Officer Common Stock 2009-11-19 4 P 0 800 15.00 A 800 D Common Stock 2009-11-20 4 A 0 56250 0 A 57050 D Common Stock 2009-11-20 4 A 0 200 0 A 57250 D Employee Non-Qualified Stock Option (Right to Buy) 15.00 2009-11-20 4 A 0 106132 0 A Common Stock 106132 106132 D Purchased pursuant to Cloud Peak Energy's directed share program as part of the initial public offering. 100% of the option vests three years after the date of grant. Nonqualified options granted under Cloud Peak Energy Inc.'s 2009 Long Term Incentive Plan expire ten years after the date of grant. Price is equal to the initial public offering price, in accordance with the terms of Cloud Peak Energy's 2009 Long Term Incentive Plan. /s/ Amy J. Stefonick, attorney-in-fact for Gary Rivenes 2009-11-23