13D Filing: Greenlight Capital and CNX Coal Resources LP (CNXC)

Page 7 of 8 – SEC Filing

SCHEDULE 13D
This Amendment is being filed to reflect changes in the percentage of outstanding Common Units that may be deemed beneficially owned by each Reporting Persons as a result of a change in the total number of outstanding Common Units (each capitalized term defined below).   The Reporting Persons did not change their holdings of Common Units of the Issuer.
Item 1.
Security and Issuer
This Amendment No. 1 to Schedule 13D (the “Amendment”), relating to common units (“Common Units”) of CNX Coal Resources LP, a Delaware limited partnership (the “Issuer” or the “Company”), is being filed with the Securities and Exchange Commission (the “SEC”) as an amendment to the Schedule 13D filed with the SEC on July 7, 2015.  This Amendment is being filed on behalf of Greenlight Capital, Inc., a Delaware corporation (“Greenlight Inc.”), DME Advisors, LP, a Delaware limited partnership (“DME Advisors”), DME Capital Management, LP, a Delaware limited partnership (“DME CM”), and DME Advisors GP, LLC, a Delaware limited liability company (“DME GP” and together with Greenlight Inc., DME Advisors and DME CM, “Greenlight”), and Mr. David Einhorn, the principal of Greenlight (collectively with Greenlight, the “Reporting Persons”).
This Amendment relates to Common Units of the Issuer held by Greenlight for the account of private investment funds and other accounts for which Greenlight acts as investment manager (or general partner of the investment manager) and with respect to which Mr. Einhorn may be deemed to have indirect investment and/or voting power as the principal of Greenlight and other affiliated entities.  DME GP is the general partner of DME Advisors and of DME CM.
The filing of this Amendment shall not be construed as an admission that any of the Reporting Persons is for the purposes of Section 13(d) or 13(g) of the Securities Exchange Act of 1934, the beneficial owner of any of the Common Units reported herein.  Pursuant to Rule 13d-4, each of the Reporting Persons disclaims all such beneficial ownership except to the extent of its pecuniary interest in any Common Units, if applicable.
Item 5 is amended and restated as follows:
Item 5.
Interest in Securities of the Issuer
(a) and (b)  See Items 7-13 of the cover pages.
The percentages reported herein are based on there being 15,675,131 Common Units outstanding (11,718,635 Common Units as of July 31, 2017, as reported in the Quarterly Report on Form 10-Q filed by the issuer with the SEC on August 1, 2017, together with an additional 3,956,496 Common Units issued on October 2, 2017, as reported in the Current Report on Form 8-K filed by the issuer with the SEC on October 3, 2017).
(c)  Not applicable.
(d)  Not applicable.
(e)  Not applicable.

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