Sec Form 3 Filing - EINHORN DAVID @ CONSOL Energy Inc. - 2020-12-30

Insider filing report for Changes in Beneficial Ownership
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FORM 3
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
EINHORN DAVID
2. Issuer Name and Ticker or Trading Symbol
CONSOL Energy Inc. [ CEIX]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director X __ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
140 EAST 45TH STREET, FLOOR 24
3. Date of Earliest Transaction (MM/DD/YY)
12/30/2020
(Street)
NEW YORK, NY10017
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
_____ Form filed by One Reporting Person
__ X __ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 2,163,383 I ( 1 ) ( 2 ) ( 3 ) ( 4 ) ( 5 ) See Footnote ( 6 )
Common Stock 1,318,088 I ( 1 ) ( 2 ) ( 3 ) ( 4 ) ( 5 ) See Footnote ( 7 )
Common Stock 525,089 I ( 1 ) ( 2 ) ( 3 ) ( 4 ) ( 5 ) See Footnote ( 8 )
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Natu re of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
EINHORN DAVID
140 EAST 45TH STREET
FLOOR 24
NEW YORK, NY10017
X
GREENLIGHT CAPITAL INC
140 EAST 45TH STREET
24TH FLOOR
NEW YORK, NY10017
X
DME Advisors, LP
140 EAST 45TH STREET
24TH FLOOR
NEW YORK, NY10017
X
DME Capital Management, LP
140 EAST 45TH STREET
24TH FLOOR
NEW YORK, NY10017
X
DME Advisors GP, L.L.C.
140 EAST 45TH STREET
24TH FLOOR
NEW YORK, NY10017
X
Signatures
/s/ Daniel Roitman, attorney-in-fact for David Einhorn* 01/11/2021
Signature of Reporting Person Date
/s/ Daniel Roitman, Chief Operating Officer of Greenlight Capital, Inc. 01/11/2021
Signature of Reporting Person Date
/s/ Daniel Roitman, Chief Operating Officer of DME Advisors GP, L.L.C., General Partner of DME Advisors, L.P. 01/11/2021
Signature of Reporting Person Date
/s/ Daniel Roitman, Chief Operating Officer of DME Capital Management, L.P. 01/11/2021
Signature of Reporting Person Date
/s/ Daniel Roitman, Chief Operating Officer of DME Advisors GP, L.L.C. 01/11/2021
Signature of Reporting Person Date
Explanation of Responses:
( 1 )David Einhorn is the president of Greenlight Capital, Inc. ("Greenlight Inc.") and the senior manager of DME Advisors GP, LLC ("DME GP"). DME GP is the general partner of DME Advisors, LP ("DME") and DME Capital Management, LP ("DME CM"). Mr. Einhorn may be deemed to beneficially own the securities reported herein by virtue of his positions with respect to Greenlight Inc. and DME GP.
( 2 )The foregoing entities control the disposition and voting of shares of Common Stock (the "Common Shares") of CONSOL Energy, Inc. owned by the following entities: Greenlight Capital Offshore Partners, Ltd. ("GCOP, Ltd."), Greenlight Capital Offshore Master, Ltd. ("GCOM"), and Solasglas Investments, LP ("SILP", and, together with GCOP, Ltd., GCOM, Greenlight Inc., DME GP, DME, DME CM and Mr. Einhorn, the "Greenlight Parties"), in the respective capacities and quantities further described in the footnotes below.
( 3 )Each of GCOP, Ltd., GCOM and SILP holds its respective Common Shares through separate wholly-owned subsidiaries, and all references herein to GCOP, Ltd., GCOM, and SILP include such entities and their respective wholly-owned subsidiaries.
( 4 )Pursuant to Rule 16a-1 under the Securities Exchange Act of 1934, as amended (the "Act"), the Greenlight Parties disclaim beneficial ownership of the Common Shares except to the extent of their respective pecuniary interests therein. The filing of this Form 4 shall not be construed as an admission that any of the Greenlight Parties is or was for the purposes of Section 16(a) of the Act, or otherwise, the beneficial owner of any of the Common Shares owned by GCOP, Ltd., GCOM or SILP.
( 5 )Prior to becoming subject to reporting under Section 16 of the Act, the reporting persons had entered into short positions with respect to Common Shares, which the reporting persons intend to cover with a portion of the Common Shares reported herein.
( 6 )Greenlight Inc. controls the voting and disposition of 2,163,383 Common Shares held for the account of GCOP, Ltd., of which Greenlight Inc. acts as investment advisor.
( 7 )DME CM controls the voting and disposition of 1,318,088 Common Shares held for the account of GCOM, of which DME CM acts as investment advisor.
( 8 )DME controls the voting and disposition of 525,089 Common Shares held for the account of SILP, of which DME serves as the investment advisor.

Remarks:
* The Power of Attorney executed by David Einhorn, authorizing the signatory to sign and file this report on David Einhorn's behalf, filed as Exhibit 99.1 to the Schedule 13D filed with the Securities and Exchange Commission on August 29, 2019 by the Reporting Persons with respect to the common units of CONSOL Coal Resources, is hereby incorporated by reference.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

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