Sec Form 4 Filing - DEIULIIS N J @ CNX Resources Corp - 2018-01-30

Insider filing report for Changes in Beneficial Ownership
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FORM 4
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
DEIULIIS N J
2. Issuer Name and Ticker or Trading Symbol
CNX Resources Corp [ CNX]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
President and CEO
(Last) (First) (Middle)
1000 CONSOL ENERGY DRIVE
3. Date of Earliest Transaction (MM/DD/YY)
01/30/2018
(Street)
CANONSBURG, PA15317
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ 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 shares, $0.01 par value per share 01/30/2018 A 197,369 ( 1 ) A $ 0 778,020 ( 2 ) D
Common shares, $0.01 par value per share 01/30/2018 F 15,813 ( 3 ) D $ 13.68 762,207 ( 2 ) D
Common shares, $0.01 par value per share 01/30/2018 F 26,830 ( 3 ) D $ 14.01 735,377 ( 2 ) D
Common shares, $0.01 par value per share 01/30/2018 A 132,604 ( 4 ) A $ 0 867,981 ( 2 ) D
Common shares, $0.01 par value per share 01/30/2018 F 57,976 ( 5 ) D $ 13.68 810,005 ( 2 ) D
Common shares, $0.01 par value per share 01/30/2018 A 192,016 ( 6 ) A $ 0 1,002,021 ( 2 ) D
Common shares, $0.01 par value per share 01/30/2018 F 83,950 ( 5 ) D $ 13.68 918,071 ( 2 ) D
Common shares, $0.01 par value per share 11/08/2017 G V 77,081 D $ 0 0 I By 2015-3 GRAT
Common shares, $0.01 par value per share 08/11/2017 G V 26,494 D $ 0 0 I By 2015-2 GRAT
Common shares, $0.01 par value per share 03/30/2017 G V 9,171 D $ 0 20,829 I By 2016-1 GRAT
Common shares, $0.01 par value per share 01/30/2018 G V 54,662 A $ 0 55,760 I By Trust for Daughters ( 7 )
Common shares, $0.01 par value per share 01/30/2018 G V 58,084 A $ 0 976,155 ( 2 ) ( 8 ) D
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. Nature 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
DEIULIIS N J
1000 CONSOL ENERGY DRIVE
CANONSBURG, PA15317
X President and CEO
Signatures
/s/ Nicholas J. DeIuliis by Gregory V. Guinto, his attorney-in-fact 01/31/2018
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Grant of restricted stock units, which vest annually in equal installments over a period of three years, under the Company's Equity Incentive Plan.
( 2 )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.
( 3 )Represents shares automatically withheld to satisfy the reporting person's tax liability from the vesting of restricted stock units previously granted to him.
( 4 )Represents the vesting and settlement of performance share units previously granted to the reporting person under the Long Term Incentive Program for the 2015-2017 performance period.
( 5 )Represents shares automatically withheld to satisfy the reporting person's tax liability from the vesting and settlement of performance share units previously granted to him.
( 6 )Represents the vesting and settlement of performance share units previously granted to the reporting person under the Long Term Incentive Program for the 2017 tranche performance period.
( 7 )The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for the purposes of Section 16 or for any other purpose.
( 8 )Of the 976,155 shares owned directly, 320,104 are restricted stock units (including dividend equivalent rights).

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