Filing Details

Accession Number:
0000807985-16-000058
Form Type:
13D Filing
Publication Date:
2016-06-08 16:25:43
Filed By:
Southeastern Asset Management
Company:
Cnx Resources Corp (NYSE:CNX)
Filing Date:
2016-06-08
SEC Url:
13D Filing
Ownership Summary

Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
Southeastern Asset Management, Inc. I.D. No. 6 12,263,500 25,004,024 50,488,765 22.0%
Longleaf Partners Fund I.D. No. 63-61477 12,494,200 12,263,500 12,263,500 5.4%
Longleaf Partners Small-Cap Fund I.D. No. 6 12,494,200 12,494,200 5.5%
O. Mason Hawkins I.D. No. XXX-XX-XXXX 0.0%
Filing

SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 Amendment No. 3 CONSOL Energy Inc. ________________________________________________________ (Name of Issuer) Common Stock _______________________________________________________ (Title of Class and Securities) 20854P109 _______________________________________________________ (CUSIP Number of Class of Securities) O. Mason Hawkins Chairman of the Board and C.E.O. and Andrew R. McCarroll Vice President & General Counsel Southeastern Asset Management, Inc. 6410 Poplar Avenue, Suite 900 Memphis, TN 38119 (901) 761-2474 ___________________________________________________________ (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) June 6, 2016 ___________________________________________ (Date of Event which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this Schedule because of Sections 240.13d-1(e), 240.13d-1(f), or 240.13d-1(g), check the following box: [X]

CUSIP No. 20854P109 13D _____________________________________________________________________________ (1) NAMES OF REPORTING PERSONS Southeastern Asset Management, Inc. I.D. No. 62-0951781 _____________________________________________________________________________ (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) (b) X _____________________________________________________________________________ (3) SEC USE ONLY _____________________________________________________________________________ (4) SOURCE OF FUNDS 00: Funds of investment advisory clients _____________________________________________________________________________ (5) CHECK BOX IF DISCOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] _____________________________________________________________________________ (6) CITIZENSHIP OR PLACE OF ORGANIZATION Tennessee _____________________________________________________________________________ : (7) SOLE VOTING POWER : (Discretionary Accounts) NUMBER OF SHARES BENEFICIALLY : 21,696,471 shares OWNED BY EACH REPORTING PERSON __________________________________________ WITH : (8) SHARED OR NO VOTING POWER : 25,004,024 shares (Shared) : 3,788,270 shares (No Vote) __________________________________________ : (9) SOLE DISPOSITIVE POWER (Discretionary Accounts) : 25,484,741 shares __________________________________________ : (10) SHARED DISPOSITIVE POWER : 25,004,024 shares (Shared) : 0 shares (None) _____________________________________________________________________________ (11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 50,488,765 shares _____________________________________________________________________________ (12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES _____________________________________________________________________________ (13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 22.0 % _____________________________________________________________________________ (14) TYPE OF REPORTING PERSON IA _____________________________________________________________________________CUSIP No. 20854P109 13D _____________________________________________________________________________ (1) NAMES OF REPORTING PERSONS Longleaf Partners Fund I.D. No. 63-6147721 _____________________________________________________________________________ (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) (b) X _____________________________________________________________________________ (3) SEC USE ONLY _____________________________________________________________________________ (4) SOURCE OF FUNDS 00: Funds of investment company shareholders _____________________________________________________________________________ (5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEDDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] _____________________________________________________________________________ (6) CITIZENSHIP OR PLACE OF ORGANIZATION Massachusetts _____________________________________________________________________________ : (7) SOLE VOTING POWER NUMBER OF SHARES BENEFICIALLY : None OWNED BY EACH REPORTING PERSON __________________________________________ WITH : (8) SHARED VOTING POWER : 12,263,500 shares (Shared) __________________________________________ : (9) SOLE DISPOSITIVE POWER : None __________________________________________ : (10) SHARED DISPOSITIVE POWER : 12,263,500 shares (Shared) _____________________________________________________________________________ (11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 12,263,500 shares _____________________________________________________________________________ (12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES _____________________________________________________________________________ (13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 5.4 % _____________________________________________________________________________ (14) TYPE OF REPORTING PERSON IV _____________________________________________________________________________ CUSIP No. 20854P109 13D ___________________________________________________________________ (1) NAMES OF REPORTING PERSONS Longleaf Partners Small-Cap Fund I.D. No. 62-1376170 ___________________________________________________________________ (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) (b) X ___________________________________________________________________ (3) SEC USE ONLY ___________________________________________________________________ (4) SOURCE OF FUNDS OO: Funds of investment company shareholders ___________________________________________________________________ (5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [X] ___________________________________________________________________ (6) CITIZENSHIP OR PLACE OF ORGANIZATION Massachusetts ___________________________________________________________________ : (7) SOLE VOTING POWER : NUMBER OF SHARES BENEFICIALLY : None OWNED BY EACH REPORTING PERSON ________________________________ WITH : (8) SHARED VOTING POWER : 12,494,200 shares ________________________________ : (9) SOLE DISPOSITIVE POWER : : None ________________________________ : (10) SHARED DISPOSITIVE POWER : 12,494,200 shares ___________________________________________________________________ (11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 12,494,200 shares ___________________________________________________________________ (12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES ___________________________________________________________________ (13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 5.5% ___________________________________________________________________ (14) TYPE OF REPORTING PERSON IV ___________________________________________________________________CUSIP No. 20854P109 13D _____________________________________________________________________________ (1) NAMES OF REPORTING PERSONS O. Mason Hawkins I.D. No. XXX-XX-XXXX _____________________________________________________________________________ (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) (b) X _____________________________________________________________________________ (3) SEC USE ONLY _____________________________________________________________________________ (4) SOURCE OF FUNDS 00: None _____________________________________________________________________________ (5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] _____________________________________________________________________________ (6) CITIZENSHIP OR PLACE OF ORGANIZATION Citizen of United States _____________________________________________________________________________ : (7) SOLE VOTING POWER : (Discretionary Accounts) NUMBER OF SHARES BENEFICIALLY : None OWNED BY EACH REPORTING PERSON __________________________________________ WITH : (8) SHARED VOTING POWER : None __________________________________________ : (9) SOLE DISPOSITIVE POWER : None __________________________________________ : (10) SHARED DISPOSITIVE POWER : None _____________________________________________________________________________ (11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON None (See Item 3) _____________________________________________________________________________ (12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES [ ] _____________________________________________________________________________ (13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 0.0 % _____________________________________________________________________________ (14) TYPE OF REPORTING PERSON IN _____________________________________________________________________________ Item 5. Interest In Securities Of The Issuer (a) The aggregate number and percentage of Securities to which this Schedule 13D relates is 50,488,765 shares of the common stock of the Issuer, constituting approximately 22.0% of the 229,366,118 shares outstanding. Common % of outstanding Shares Common Shares Held ___________________________________________________________________ Voting Authority Sole: 21,696,471 9.5% Shared: 25,004,024* 10.9% None: 3,788,270 1.6% Total 50,488,765 22.0% *Consists of shares owned by Longleaf Partners Fund (12,263,500), Longleaf Partners Small-Cap Fund (12,494,200, and Longleaf Partners Global Fund (246,324), each a series of Longleaf Partners Funds Trust, an open-end management investment company registered under the Investment Company Act of 1940. Dispositive Authority Sole: 25,484,741 11.1% Shared: 25,004,024* 10.9% None: 0 0.0% Total 50,488,765 22.0% *Consists of shares owned by Longleaf Partners Fund (12,263,500), Longleaf Partners Small-Cap Fund (12,494,200), and Longleaf Partners Global Fund (246,324), each a series of Longleaf Partners Funds Trust, an open-end management investment company registered under the Investment Company Act of 1940. (b) Southeastern generally has the sole power to dispose of or to direct the disposition of the Securities held for discretionary accounts of its investment clients, and may be granted the sole power to vote or direct the vote of such Securities; such powers may be retained by or shared with the respective clients for shared or non-discretionary accounts. Shares held by any Series of Longleaf Partners Funds Trust are reported in the "shared" category. (c) Purchase or sale transactions in the Securities during the past sixty days are disclosed on Schedule II. (d) The investment advisory clients of Southeastern have the sole right to receive and, subject to notice, to withdraw the proceeds from the sale of the Securities, and the sole power to direct the receipt of dividends from any of the Securities held for their respective accounts. Such clients may also terminate the investment advisory agreements without penalty upon appropriate notice. Southeastern does not have an economic interest in any of the Securities reported herein. (e) Not applicable. Signatures After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: June 8, 2016 Southeastern Asset Management, Inc. By /s/ Andrew R. McCarroll _______________________________________________ Andrew R. McCarroll Vice President and General Counsel Longleaf Partners Fund Longleaf Partners Small-Cap Fund By: Southeastern Asset Management, Inc. /s/ Andrew R. McCarroll _______________________________________________ Andrew R. McCarroll Vice President & General Counsel O. Mason Hawkins, Individually /s/ O. Mason Hawkins _______________________________________________ Joint Filing Agreement In accordance with Rule 13d-1(k) under the Securities Exchange Act of 1934, the persons or entities named below agree to the joint filing on behalf of each of them of this Initial Schedule 13D with respect to the Securities of the Issuer and further agree that this joint filing agreement be included as an exhibit to this Initial to Schedule 13D. In evidence thereof, the undersigned hereby execute this Agreement as of June 8, 2016. Southeastern Asset Management, Inc. By /s/ Andrew R. McCarroll _______________________________________________ Andrew R. McCarroll Vice President and General Counsel Longleaf Partners Fund Longleaf Partners Small-Cap Fund By: Southeastern Asset Management, Inc. /s/ Andrew R. McCarroll _______________________________________________ Andrew R. McCarroll Vice President & General Counsel O. Mason Hawkins, Individually /s/ O. Mason Hawkins _______________________________________________ SCHEDULE II Transaction Type Date # of Shares Price per Share* Sale 04/14/16 18,797 13.11 Sale 04/14/16 18,003 13.11 Sale 04/18/16 44,400 12.84 Sale 04/18/16 68,500 12.84 Sale 04/18/16 18,523 12.84 Sale 04/18/16 17,600 12.84 Sale 04/18/16 17,000 12.84 Sale 04/18/16 1,200 12.84 Sale 04/18/16 8,607 12.84 Sale 04/18/16 73,900 12.84 Sale 04/18/16 5,500 12.84 Sale 04/18/16 20,300 12.84 Sale 04/18/16 31,500 12.84 Sale 04/18/16 8,400 12.84 Sale 04/18/16 8,900 12.84 Sale 04/18/16 7,000 12.84 Sale 04/18/16 540 12.84 Sale 04/18/16 3,860 12.84 Sale 04/18/16 39,700 12.84 Sale 04/18/16 52,000 12.84 Sale 04/18/16 6,800 12.84 Sale 04/18/16 505 12.84 Sale 04/26/16 32,000 13.18 Sale 04/26/16 16,600 13.18 Sale 04/26/16 15,000 13.18 Sale 04/26/16 400 13.18 Sale 04/26/16 500 13.18 Sale 04/26/16 500 13.18 Sale 04/26/16 100 13.18 Sale 04/26/16 10,400 13.18 Sale 04/29/16 11,997 15.58 Sale 04/29/16 8,300 15.58 Sale 05/03/16 2,547 14.65 Sale 05/03/16 2,800 14.65 Sale 05/03/16 6,300 14.65 Sale 05/03/16 5,000 14.65 Sale 05/03/16 700 14.65 Sale 05/03/16 3,333 14.65 Sale 06/06/16 16,200 15.43 Sale 06/06/16 33,000 15.43 Sale 06/06/16 81,000 15.43 Sale 06/06/16 20,000 15.43 Sale 06/06/16 9,000 15.43 Sale 06/06/16 10,900 15.43 Sale 06/06/16 15,800 15.43 Sale 06/06/16 4,900 15.43 Sale 06/06/16 21,400 15.43 Sale 06/06/16 18,000 15.43 Sale 06/06/16 21,700 15.43 Sale 06/06/16 1,700 15.43 Sale 06/06/16 10,112 15.43 Sales by Southeastern clients in the ordinary course of business on the New York Stock Exchange or through Electronic Communication Networks (ECNs). Southeastern does not have a "pecuniary interest" as defined by Securities Exchange Act of 1934 Rule 16a-1 with respect to its client's holdings and no single client owns over 10% of the Issuer's Securities. In addition to the above transactions, clients of Southeastern removed the following shares from Southeastern's discretion: April 25, 2016 - 168,000 shares; April 29, 2016 - 27,170 shares; May 11, 2016 - 210,859 shares; and May 24, 2016 - 315,726 shares. *Exclusive of commissions. 1 SCHEDULE 13D - CONSOL Energy Inc. ("Issuer") 10