4//SEC Filing
WESTMORELAND COAL Co 4
Accession 0001104659-13-069947
CIK 0000106455operating
Filed
Sep 12, 8:00 PM ET
Accepted
Sep 13, 8:01 PM ET
Size
21.9 KB
Accession
0001104659-13-069947
Insider Transaction Report
Form 4
TONTINE CAPITAL PARTNERS L P
10% Owner
Transactions
- Sale
Common Stock, par value $2.50 per share
2013-09-13$13.12/sh−411$5,392→ 1,916,395 total(indirect: See Footnotes) - Sale
Common Stock, par value $2.50 per share
2013-09-12$13.02/sh−250,100$3,256,302→ 1,916,806 total(indirect: See Footnotes)
Footnotes (7)
- [F1]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, and (d) TAA, the general partner of TCP 2.
- [F2]On September 12, 2013, TP sold 250,100 shares of Common Stock at a weighted average price of $13.02 per share. These shares were sold in multiple transactions at prices ranging from $13.02 to $13.12, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.
- [F3]On September 13, 2013, TP sold 411 shares of Common Stock at a price of $13.12 per share.
- [F4]TCP 2, TM and TAA directly own 0 shares of Common Stock, TCP directly owns 468,362 shares of Common Stock, TCM directly owns 70,000 shares of Common Stock, TP directly owns 730,953 shares of Common Stock, TOA directly owns 98,080 shares of Common Stock and Mr. Gendell directly owns 549,000 shares of Common Stock.
- [F5]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 TCP 2 may be deemed to be beneficially owned by TAA.
- [F6]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, 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.
- [F7]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. 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.
Documents
Issuer
WESTMORELAND COAL Co
CIK 0000106455
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000106455
Filing Metadata
- Form type
- 4
- Filed
- Sep 12, 8:00 PM ET
- Accepted
- Sep 13, 8:01 PM ET
- Size
- 21.9 KB