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Filing Details

Accession Number:: 0001104659-10-014671
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2010-03-16 13:00:00
Reporting Period:: 2010-03-12

Filing Date:: 2010-03-16
Accepted Time:: 2010-03-16 21:00:33
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
106455	Westmoreland Coal Co	WLB	Bituminous Coal & Lignite Surface Mining (1221)	231128670

Insiders

Cik	Name	Reported Address	Director	Officer	Large Shareholder	Other
948904	Al Et L Jeffrey Gendell	55 Railroad Avenue Greenwich CT 06830	No	No	Yes	No
1268959	Tontine Management Llc	55 Railroad Avenue Greenwich CT 06830	No	No	Yes	No
1268961	Tontine Overseas Associates Llc	55 Railroad Avenue Greenwich CT 06830	No	No	Yes	No
1269122	P L Partners Tontine	55 Railroad Avenue Greenwich CT 06830	No	No	Yes	No
1272374	Tontine Capital Management Llc	55 Railroad Avenue Greenwich CT 06830	No	No	Yes	No
1276922	P L Partners Capital Tontine	55 Railroad Avenue Greenwich CT 06830	No	No	Yes	No
1482608	Tontine Capital Overseas Master Fund Ii, L.p.	55 Railroad Avenue Greenwich CT 06830	No	No	Yes	No
1482609	Tontine Asset Associates, L.l.c.	55 Railroad Avenue Greenwich CT 06830	No	No	Yes	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock, Par Value $2.50 Per Share	Disposition	2010-03-12	861	$13.33	1,542,739	No	4	S	Indirect	See Footnotes
Common Stock, Par Value $2.50 Per Share	Disposition	2010-03-12	3,247	$13.33	1,539,492	No	4	S	Indirect	See Footnotes
Common Stock, Par Value $2.50 Per Share	Disposition	2010-03-12	1,292	$13.33	1,538,200	No	4	S	Indirect	See Footnotes

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Indirect	See Footnotes
No	4	S	Indirect	See Footnotes
No	4	S	Indirect	See Footnotes

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Convertible Preferred Stock	Disposition	2010-03-12	600	$26.25	1,025	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
3,700			No	4	S	Indirect

Footnotes

This report is filed jointly by Tontine Capital Partners, L.P., a Delaware limited partnership ("TCP"), Tontine Capital Management, L.L.C., a Delaware limited liability company ("TCM"), Tontine Partners, L.P., a Delaware limited partnership ("TP"), Tontine Management, L.L.C., a Delaware limited liability company ("TM"), Tontine Overseas Associates, L.L.C., a Delaware limited liability company ("TOA"), Tontine Capital Overseas Master Fund II, L.P., a Cayman Islands limited partnership ("TCP 2"), Tontine Asset Associates, L.L.C., a Delaware limited liability company ("TAA") and Jeffrey L. Gendell ("Mr. Gendell"). Mr. Gendell is the managing member of: (a) TCM, the general partner of TCP; (b) TM, the general partner of TP; (c) TOA, the investment advisor to Tontine Overseas Fund, Ltd., a Cayman Islands exempted company ("TOF") and (c) TAA, the general partner of TCP 2.
On March 12, 2010, TCP sold 861 shares of Common Stock at a price of $13.33 per share, TP sold 3,247 shares of Common Stock at a price of $13.33 per share and 600 shares of Convertible Preferred Stock at a price of $26.25 per share and TOF sold 1,292 shares of Common Stock at a price of $13.33 per share.
TM, TOA and TAA directly own 0 shares of Common Stock and 0 shares of Convertible Preferred Stock, TCP directly owns 134,439 shares of Common Stock and 0 shares of Convertible Preferred Stock, TCM directly owns 70,000 shares of Common Stock and 0 shares of Convertible Preferred Stock, TP directly owns 506,723 shares of Common Stock and 3,700 shares of Convertible Preferred Stock, TOF directly owns 201,665 shares of Common Stock and 0 shares of Convertible Preferred Stock, TCP 2 directly owns 76,373 shares of Common Stock and 0 shares of Convertible Preferred Stock and Mr. Gendell directly owns 549,000 shares of Common Stock and 0 shares of Convertible Preferred Stock.
All of the foregoing securities may be deemed to be beneficially owned by Mr. Gendell. The foregoing securities held by TCP may be deemed to be beneficially owned by TCM. The foregoing securities held by TP may be deemed to be beneficially owned by TM. The foregoing securities held by TOF may be deemed to be beneficially owned by TOA. The foregoing securities held by TCP 2 may be deemed to be beneficially owned by TAA.
Mr. Gendell disclaims beneficial ownership of the Issuer's securities reported herein for purposes of Section 16(a) under the Securities Exchange Act of 1934, as amended, or otherwise, except as to securities directly owned by Mr. Gendell or representing Mr. Gendell's pro rata interest in, and interest in the profits of, TCM, TCP, TP, TM, TOA, TOF, TCP 2 and TAA. TCM disclaims beneficial ownership of the Issuer's securities reported herein for purposes of Section 16(a) under the Securities Exchange Act of 1934, as amended, or otherwise, except as to securities directly owned by TCM or representing TCM's pro rata interest in, and interest in the profits of, TCP. TM disclaims beneficial ownership of the Issuer's securities reported herein for purposes of Section 16(a) under the Securities Exchange Act of 1934, as amended, or otherwise, except as to securities directly owned by TM or representing TM's pro rata interest in, and interest in the profits of, TP.
TOA disclaims beneficial ownership of the Issuer's securities reported herein for purposes of Section 16(a) under the Securities Exchange Act of 1934, as amended, or otherwise, except as to securities directly owned by TOA or representing TOA's pro rata interest in, and interest in the profits of, TOF. TAA disclaims beneficial ownership of the Issuer's securities reported herein for purposes of Section 16(a) under the Securities Exchange Act of 1934, as amended, or otherwise, except as to securities directly owned by TAA or representing TAA's pro rata interest in, and interest in the profits of, TCP 2.
Each share of Convertible Preferred Stock is immediately convertible into 1.708 shares of Common Stock.
Not applicable.