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Filing Details

Accession Number:: 0001070412-18-000035
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2018-02-13 17:50:44
Reporting Period:: 2018-02-12

Accepted Time:: 2018-02-13 17:50:44
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1070412	Cnx Resources Corp	CNX	Crude Petroleum & Natural Gas (1311)	510337383

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1437827	Jr N William Thorndike	1000 Consol Energy Drive Canonsburg PA 15317		Yes	No	No	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 Shares, $0.01 Par Value Per Share	Acquisiton	2018-02-12	35,000	$12.80	35,000	No	4	P	Indirect	By Trust

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Indirect	By Trust

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Shares, $0.01 Par Value Per Share	131,156	Direct
Common Shares, $0.01 Par Value Per Share	50,000	Indirect	Pecuniary interest in third party account

Footnotes

Represents the weighted average of 294 open-market purchase transactions ranging from $12.71 to $12.93 per share. The reporting person agrees to provide full infomration regarding the number of shares purchased at each separate price paid if requested by the SEC staff, the Company or a security holder of the Company.
The shares being reported were purchased by The W. Nicholas and Joan I. Thorndike 1998 Trust for William N. Thorndike, Jr. U/I dtd 12/22/98, in which the reporting person shares voting and investment power.
Of the 131,156 shares owned directly, 13,677 are deferred stock units, 8,032 are deferred shares and 29,447 are restricted stock units (including dividend equivalent rights).
On November 28, 2017, the Issuer completed the separation of its business into two independent, publicly-traded companies (the "Separation"): the Issuer and CONSOL Energy Inc. In connection with the Separation, and pursuant to the terms of an Employee Matters Agreement dated November 28, 2017 (the "Employee Matters Agreement"), all equity awards held by the reporting person with respect to the Issuer's common stock were adjusted in a manner intended to preserve the aggregate intrinsic value of the original award. The amount of securities reported on this Form 4 reflect the aforementioned adjustment.
The reporting person may be deemed to have a pecuniary interest with respect to the 50,000 shares held in the third party account. The reporting person disclaims beneficial ownership of these shares, and this report should not be deemed an admission that the reporting person is the beneficial owner of these shares for purpose of Section 16 or for any other purpose.