Filing Details

Accession Number:
0001209191-11-048632
Form Type:
4
Zero Holdings:
No
Publication Time:
2011-09-21 15:08:22
Reporting Period:
2011-09-19
Filing Date:
2011-09-21
Accepted Time:
2011-09-21 15:08:22
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1376812 Patriot Coal Corp PCX Bituminous Coal & Lignite Mining (1220) 000000000
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1329533 K Bennett Hatfield C/O Patriot Coal Corporation,
12312 Olive Boulevard, Suite 400
St. Louis MO 63141
Evp & Coo No Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Acquisiton 2011-09-19 48,077 $0.00 48,077 No 4 A Direct
Common Stock Acquisiton 2011-09-20 30,000 $12.01 78,077 No 4 P Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 A Direct
No 4 P Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Non-Qualified Stock Options Acquisiton 2011-09-19 96,154 $0.00 96,154 $12.48
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
96,154 No 4 A Direct
Footnotes
  1. The reporting person has received an award of restricted stock under the Patriot Coal Corporation (the "Company") 2007 Long-Term Equity Incentive Plan (the "Plan"). The restricted stock will ratably vest in annual installments over a period of three years following the grant date, i.e., 33.33% of the award will be vested on the first anniversary of the grant date, 66.66% of the award will be vested on the second anniversary of the grant date and 100% of the award will be vested on the third anniversary of the grant date. The restricted stock will become fully vested if the reporting person terminates employment with the Company because of death or disability, or if a change in control occurs. In the event that the reporting person's employment is terminated without cause or by the reporting person for good reason, the restricted stock will vest with respect to the percentage of shares of common stock of the Company that would have otherwise vested on the next vesting date.
  2. This transaction was executed in multiple trades at prices ranging from $11.95 to $12.08. The price reported above reflects the weighted average purchase price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
  3. The reporting person has received an award of non-qualified stock options under the Plan. The stock options will ratably vest in annual installments over a period of three years following the grant date, i.e. 33.33% of the award will be vested on the first anniversary of the grant date, 66.66% of the award will be vested on the second anniversary, and 100% of the award will be vested on the third anniversary of the grant date. The non-qualified stock options will become fully vested if the reporting person terminates employment with the Company because of death or disability, or if a change in control occurs. In the event that the reporting person's employment is terminated without cause or by the reporting person for good reason the non-qualified stock options will vest with respect to the percentage of shares of common stock of the Company that would have otherwise vested on the next vesting date. No stock options can be exercised more than ten years after the grant date.