SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
Initial Filing
CONSOL Energy
Inc.
(Name of Issuer)
Common Stock
(Title of Class and Securities)
20854P109
(CUSIP Number
of Class of Securities)
O. Mason Hawkins
Chairman of the Board and C.E.O.
and
Andrew R. McCarroll
Vice President & General Counsel
Southeastern Asset Management, Inc.
6410 Poplar Avenue, Suite 900
Memphis, TN 38119
(901)
761-2474
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
July 20, 2015
(Date of
Event which Requires
Filing of this Statement)
If the filing
person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this Schedule because of Sections 240.13d-1(e), 240.13d-1(f), or 240.13d-1(g), check the following
box: x
SCHEDULE 13D – CONSOL Energy Inc. (“Issuer”)
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| (1) |
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NAMES OF
REPORTING PERSONS Southeastern Asset Management,
Inc. I.D. No. 62-0951781 |
| (2) |
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CHECK THE APPROPRIATE BOX IF A MEMBER
OF A GROUP: (a) (b) x
|
| (3) |
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SEC USE ONLY
|
| (4) |
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SOURCE OF FUNDS
00: Funds of investment advisory clients |
| (5) |
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CHECK BOX IF DISCLOSURE OF LEGAL
PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or
2(e) ¨ |
| (6) |
|
CITIZENSHIP OR PLACE OF
ORGANIZATION Tennessee |
| NUMBER OF
SHARES BENEFICIALLY
OWNED BY EACH
REPORTING PERSON
WITH |
|
: (7)
:
: |
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SOLE VOTING POWER
(Discretionary Accounts)
17,946,922 shares |
| |
: (8)
:
: |
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SHARED OR NO VOTING POWER
25,020,100 shares (Shared)
5,245,193 shares (No Vote) |
| |
: (9)
: |
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SOLE DISPOSITIVE POWER
(Discretionary Accounts)
23,192,115 shares |
| |
: (10)
:
: |
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SHARED DISPOSITIVE POWER
25,020,100 shares (Shared)
0 shares (None) |
| (11) |
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
48,212,215 shares |
| (12) |
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CHECK BOX IF THE AGGREGATE AMOUNT IN
ROW 11 EXCLUDES CERTAIN SHARES |
| (13) |
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PERCENT OF CLASS REPRESENTED BY AMOUNT
IN ROW 11 21.1% |
| (14) |
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TYPE OF REPORTING PERSON
IA |
2
SCHEDULE 13D – CONSOL Energy Inc. (“Issuer”)
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| (1) |
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NAMES OF
REPORTING PERSONS Longleaf Partners Fund
I.D. No. 63-6147721 |
| (2) |
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CHECK THE APPROPRIATE BOX IF A MEMBER
OF A GROUP: (a) (b) x
|
| (3) |
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SEC USE ONLY
|
| (4) |
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SOURCE OF FUNDS
00: Funds of investment company shareholders |
| (5) |
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CHECK BOX IF DISCLOSURE OF LEGAL
PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or
2(e) ¨ |
| (6) |
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CITIZENSHIP OR PLACE OF
ORGANIZATION Massachusetts |
| NUMBER OF
SHARES BENEFICIALLY
OWNED BY EACH
REPORTING PERSON
WITH |
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: (7)
:
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SOLE VOTING POWER
None |
| |
: (8)
: |
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SHARED VOTING POWER
12,263,500 shares (Shared) |
| |
: (9)
: |
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SOLE DISPOSITIVE POWER
None |
| |
: (10)
: |
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SHARED DISPOSITIVE POWER
12,263,500 shares (Shared) |
| (11) |
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
12,263,500 shares |
| (12) |
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CHECK BOX IF THE AGGREGATE AMOUNT IN
ROW 11 EXCLUDES CERTAIN SHARES |
| (13) |
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PERCENT OF CLASS REPRESENTED BY AMOUNT
IN ROW 11 5.4% |
| (14) |
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TYPE OF REPORTING PERSON
IV |
3
SCHEDULE 13D – CONSOL Energy Inc. (“Issuer”)
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| (1) |
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NAMES OF
REPORTING PERSONS Longleaf Partners Small-Cap Fund
I.D. No. 62-1376170 |
| (2) |
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CHECK THE APPROPRIATE BOX IF A MEMBER
OF A GROUP: (a) (b) x
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| (3) |
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SEC USE ONLY
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| (4) |
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SOURCE OF FUNDS
00: Funds of investment company shareholders |
| (5) |
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CHECK BOX IF DISCLOSURE OF LEGAL
PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or
2(e) x |
| (6) |
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CITIZENSHIP OR PLACE OF
ORGANIZATION Massachusetts |
| NUMBER OF
SHARES BENEFICIALLY
OWNED BY EACH
REPORTING PERSON
WITH |
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: (7)
:
:
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SOLE VOTING POWER
None |
| |
: (8)
: |
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SHARED VOTING POWER
12,494,200 shares |
| |
: (9)
: |
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SOLE DISPOSITIVE POWER
None |
| |
: (10)
: |
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SHARED DISPOSITIVE POWER
12,494,200 shares |
| (11) |
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
12,494,200 shares |
| (12) |
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CHECK BOX IF THE AGGREGATE AMOUNT IN
ROW 11 EXCLUDES CERTAIN SHARES |
| (13) |
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PERCENT OF CLASS REPRESENTED BY AMOUNT
IN ROW 11 5.5% |
| (14) |
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TYPE OF REPORTING PERSON
IV |
4
SCHEDULE 13D – CONSOL Energy Inc. (“Issuer”)
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| (1) |
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NAMES OF
REPORTING PERSONS O. Mason Hawkins
I.D. No. XXX-XX-XXXX |
| (2) |
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CHECK THE APPROPRIATE BOX IF A MEMBER
OF A GROUP: (a) (b) x
|
| (3) |
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SEC USE ONLY
|
| (4) |
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SOURCE OF FUNDS
00: None |
| (5) |
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CHECK BOX IF DISCLOSURE OF LEGAL
PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or
2(e) ¨ |
| (6) |
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CITIZENSHIP OR PLACE OF
ORGANIZATION Citizen of United States |
| NUMBER OF
SHARES BENEFICIALLY
OWNED BY EACH
REPORTING PERSON
WITH |
|
: (7)
:
: |
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SOLE VOTING POWER
(Discretionary Accounts)
None |
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: (8)
: |
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SHARED VOTING POWER
None |
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: (9)
: |
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SOLE DISPOSITIVE POWER
None |
|
: (10)
: |
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SHARED DISPOSITIVE POWER
None |
| (11) |
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
None (See Item 3) |
| (12) |
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CHECK BOX IF THE AGGREGATE AMOUNT IN
ROW 11 EXCLUDES CERTAIN SHARES ¨ |
| (13) |
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PERCENT OF CLASS REPRESENTED BY AMOUNT
IN ROW 11 0.0% |
| (14) |
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TYPE OF REPORTING PERSON
IN |
5
SCHEDULE 13D – CONSOL Energy Inc. (“Issuer”)
| Item 1. |
Security and Issuer |
The class of equity security to which this statement on
Schedule 13D relates is the common stock (the “Securities”) of CONSOL Energy Inc. Delaware corporation (the “Issuer”). The Issuer has its principal executive offices located at 1000 CONSOL Energy Drive, Canonsburg, PA 15317-6506.
| Item 2. |
Identity and Background |
Subparagraphs (a), (b), and (c). This statement is being filed
by Southeastern Asset Management, Inc. (“Southeastern”), an investment advisor registered with the Securities & Exchange Commission under the Investment Advisers Act of 1940, as amended. The address of its principal office is 6410
Poplar Avenue, Suite 900, Memphis, Tennessee 38119. Southeastern serves as an investment advisor to various individual clients, institutions (including qualified retirement plans), endowment funds and to Longleaf Partners Fund amd Longleaf Partners
Small-Cap Fund, each a series of Longleaf Partners Funds Trust, a registered investment company organized as a Massachusetts business trust and having four series or portfolios. Longleaf Partners Fund and Longleaf Partners Small-Cap Fund, which are
joint filers of this Schedule 13D, may be reached c/o Southeastern Asset Management, Inc., 6410 Poplar Avenue, Suite 900, Memphis, Tennessee 38119.
The Securities of the Issuer reported in Item 5 herein were acquired on behalf of the investment advisory clients of Southeastern Asset
Management, Inc., including Longleaf Partners Fund and Longleaf Partners Small-Cap Fund, under sole or shared discretionary authority granted Southeastern. None of the Securities are owned by or on behalf of Southeastern or by any of its directors
or officers, or any Trustees or officers of Longleaf.
This statement is also being filed by Mr. O. Mason Hawkins, Chairman of the
Board and Chief Executive Officer of Southeastern, in the event he could be deemed to be an indirect beneficial owner of the Securities reported by Southeastern through the exercise of voting control and/or dispositive power over the Securities as
the result of his official positions or ownership of voting securities of Southeastern. Neither Southeastern nor Mr. Hawkins owns any Securities for its or his own account and each disclaims beneficial interest in any of the Securities reported
herein.
(d) During the last five years, Southeastern, Longleaf Partners Fund, Longleaf Partners Small-Cap Fund, and Mr. Hawkins have
not been convicted in any criminal proceeding.
(e) During the last five years, Southeastern, Longleaf Partners Fund, Longleaf Partners
Small-Cap Fund, and Mr. Hawkins have not been a party to any civil or administrative proceeding involving any alleged violations of any securities laws.
(f) Southeastern is a corporation organized and existing under the laws of the State of Tennessee; Longleaf Partners Funds Trust, of which
Longleaf Partners Fund and Longleaf Partners Small-Cap Fund are separate series, is organized as a Massachusetts business trust. Mr. Hawkins is a citizen of the United States. The names, business addresses, and principal occupations of each
director and executive officer of Southeastern, and each Trustee of Longleaf Partners Fund are set forth in Schedule I.
6
SCHEDULE 13D – CONSOL Energy Inc. (“Issuer”)
| Item 3. |
Source and Amount of Funds or Other Consideration |
The respective investment
advisory clients of Southeastern used approximately $1,479,393,105 in the aggregate to purchase the Securities reported in this filing. All assets used to purchase Securities were assets of these respective clients and none were assets of
Southeastern. In addition, none of the proceeds used to purchase the Securities were provided through borrowings of any nature.
| Item 4. |
Purpose of Transaction |
The Securities reported in this filing have been
purchased and held for investment purposes on behalf of client accounts over which Southeastern has either sole or shared discretionary investment or voting power. The Securities are reported by Southeastern and by Mr. O. Mason Hawkins,
Chairman of the Board and Chief Executive Officer in the event that either should be deemed to be a member of a group under Section 13(d)(3) or the beneficial owner of these Securities under the provisions of subparagraph (b) of Rule 13d-3
under the Securities Exchange Act of 1934. Beneficial ownership on the part of Southeastern and Mr. Hawkins as members of a group or as beneficial owners is expressly disclaimed, as permitted by Rule 13d-4. All purchases of Securities were made
for investment purposes only, in the ordinary course of business of Southeastern as a registered investment advisor. Southeastern may purchase additional Securities on behalf of clients in the future, or may sell all or a part of the current
holdings of the Securities.
Southeastern is engaged in the business of investment management of its clients’ assets and pursues an
investment philosophy of identifying undervalued situations and acquiring positions in undervalued companies on behalf of its clients. In pursuing this investment philosophy, Southeastern analyzes the operations, capital structure and markets of
companies in which its clients invest and continuously monitors the business operations of such companies through analysis of financial statements and other public documents, through discussions with knowledgeable industry observers, and with
management of such companies, often at management’s invitation.
Southeastern qualifies as an institution which may elect to file
securities ownership reports required by the Securities Exchange Act of 1934 on Schedule 13G and, as a routine matter, Southeastern utilizes Schedule 13G for its reporting of the ownership positions held by its investment advisory clients. As the
result of investment analysis or the occurrence of events, Southeastern may desire to participate in discussions with the particular portfolio company’s management or with third parties about significant matters in which Southeastern may
suggest possible courses of action to assist in building corporate intrinsic value per share or to cause the Company’s true economic value to be recognized. In such situations, Southeastern may elect to convert a filing on Schedule 13G to a
filing on Schedule 13D in order to be more active in corporate governance and management matters, and to have the ability to enter into discussions with third parties concerning proposed corporate transactions of a significant nature.
While Southeastern applauds many of the actions of the board and management of the Issuer over the last two years, in our view it is now time
for the Company to accelerate its efforts to build and realize value per share. Southeastern intends to discuss with third parties as well as management and the
7
SCHEDULE 13D – CONSOL Energy Inc. (“Issuer”)
board of the Issuer a potential monetization of its E&P assets. We believe these assets alone are worth demonstrably more than the Company’s total equity capitalization today, and they
are unique qualitatively in comparison to peers given the Company’s fee ownership of many acres. This monetization could take the form of a spinoff or a sale of these assets. Southeastern will also work to help the Issuer realize value for its
many other valuable assets: thermal coal, met coal, pipelines and the Baltimore terminal. As a result of the extremely discounted prices of the Issuer’s equity and debt, Southeastern also intends to discuss bond and share repurchase with the
Company. To obtain the flexibility to discuss all options, including but not limited to any of the actions or transactions enumerated in clauses a through j of Item 4 of Schedule 13D, with the Issuer’s management, board of directors and/or
with third parties, Southeastern is hereby converting its ownership filing on Schedule 13G to a filing on Schedule 13D.
| Item 5. |
Interest In Securities Of The Issuer |
(a) The aggregate number and percentage of
Securities to which this Schedule 13D relates is 48,212,215 shares of the common stock of the Issuer, constituting approximately 21.1% of the 228,822,133 shares outstanding.
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Common
Shares
Held |
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% of outstanding
Common Shares |
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| Voting Authority |
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| Sole: |
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17,946,922 |
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7.9 |
% |
| Shared: |
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25,020,100 |
* |
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10.9 |
% |
| None: |
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5,245,193 |
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2.3 |
% |
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| Total |
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48,212,215 |
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21.1 |
% |
| * |
Consists of shares owned by Longleaf Partners Fund (12,263,500), Longleaf Partners Small-Cap Fund (12,494,200), and Longleaf Partners Global Fund (262,400), each a series of Longleaf Partners Funds Trust, an open-end
management investment company registered under the Investment Company Act of 1940. |
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| Dispositive Authority |
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| Sole: |
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23,192,115 |
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10.2 |
% |
| Shared: |
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25,020,100 |
* |
|
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10.9 |
% |
| None: |
|
|
0 |
|
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|
0.0 |
% |
|
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| Total |
|
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48,212,215 |
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21.1 |
% |
| * |
Consists of shares owned by Longleaf Partners Fund (12,263,500), Longleaf Partners Small-Cap Fund (12,494,200),and Longleaf Partners Global Fund (262,400), each a series of Longleaf Partners Funds Trust, an open-end
management investment company registered under the Investment Company Act of 1940. |
(b) Southeastern generally has the sole
power to dispose of or to direct the disposition of the Securities held for discretionary accounts of its investment clients, and may be granted the sole power to vote or direct the
8
SCHEDULE 13D – CONSOL Energy Inc. (“Issuer”)
vote of such Securities; such powers may be retained by or shared with the respective clients for shared or non-discretionary accounts. Shares held by any Series of Longleaf Partners Funds Trust
are reported in the “shared” category.
(c) Purchase or sale transactions in the Securities during the past sixty days are
disclosed on Schedule II.
(d) The investment advisory clients of Southeastern have the sole right to receive and, subject to notice, to
withdraw the proceeds from the sale of the Securities, and the sole power to direct the receipt of dividends from any of the Securities held for their respective accounts. Such clients may also terminate the investment advisory agreements without
penalty upon appropriate notice. Southeastern does not have an economic interest in any of the Securities reported herein.
(e) Not
applicable.
| Item 6. |
Contracts, Arrangements, Understandings or |
Relationships with Respect to Securities of the
Issuer
The powers of disposition with respect to Securities owned by discretionary private accounts of Southeastern are established in
written investment advisory agreements between clients and Southeastern, which are entered into in the normal and usual course of the business of Southeastern as a registered investment advisor and which are generally applicable to all securities
purchased for the benefit of each such discretionary private account. There are no special or different agreements relating to the Securities of the Issuer.
The written investment advisory agreements with clients generally do not contain provisions relating to borrowing of funds to finance the
acquisition of the Securities, acquisition of control, transfer of securities, joint ventures, or any of the other transactions listed in the instructions to Item 7 of Schedule 13D other than voting of proxies. In connection with voting,
Southeastern may be allowed or directed to vote the proxies received by accounts classified as “discretionary” or “shared” accounts; such authority is generally retained by the clients for accounts classified as
“non-discretionary”.
| Item 7. |
Material to be Filed as an Exhibit |
Schedule I. Information with Respect to Directors and Officers of
Southeastern Asset Management, Inc. and Longleaf Partners Funds.
Schedule II. Securities transactions in the last 60 days.
9
SCHEDULE 13D – CONSOL Energy Inc. (“Issuer”)
Signatures
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Dated: July 20, 2015
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| Southeastern Asset Management, Inc. |
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| By |
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/s/ Andrew R. McCarroll |
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Andrew R. McCarroll |
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Vice President and General Counsel |
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Longleaf Partners Fund |
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Longleaf Partners Small-Cap Fund |
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By: Southeastern Asset Management, Inc. |
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/s/ Andrew R. McCarroll |
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Andrew R. McCarroll |
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Vice President & General Counsel |
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O. Mason Hawkins, Individually |
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/s/ O. Mason Hawkins |
Joint Filing Agreement
In accordance with Rule 13d-1(k) under the Securities Exchange Act of 1934, the persons or entities named below agree to the joint filing on behalf of each of
them of this Initial Schedule 13D with respect to the Securities of the Issuer and further agree that this joint filing agreement be included as an exhibit to this Initial to Schedule 13D. In evidence thereof, the undersigned hereby execute this
Agreement as of July 20, 2015.
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| Southeastern Asset Management, Inc. |
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| By |
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/s/ Andrew R. McCarroll |
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Andrew R. McCarroll |
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Vice President and General Counsel |
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Longleaf Partners Fund |
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Longleaf Partners Small-Cap Fund |
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By: Southeastern Asset Management, Inc. |
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/s/ Andrew R. McCarroll |
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Andrew R. McCarroll |
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Vice President & General Counsel |
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O. Mason Hawkins, Individually |
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/s/ O. Mason Hawkins |
10
SCHEDULE 13D – CONSOL Energy Inc. (“Issuer”)
SCHEDULE I
Information with Respect to Executive
Officers and Directors
The
following information is disclosed for each of the directors and executive officers of Southeastern: name; business address; and present principal occupation or employment and the name, principal business and address of any corporation or other
organization in which such employment is conducted. Unless otherwise specified, the principal employer of each such individual is Southeastern Asset Management, Inc., having its principal executive offices located at 6410 Poplar Ave., Suite 900,
Memphis, Tennessee 38119. Each individual identified below is a citizen of the United States.
To the knowledge of management of
Southeastern, during the last five years, no such person has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors), and no such person was a party to a civil proceeding of a judicial or administrative body of
competent jurisdiction as a result of which he was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities law or finding any violation with
respect to such laws.
SOUTHEASTERN ASSET MANAGEMENT, INC.
Directors
O. Mason Hawkins, CFA: Chairman of the Board
and Chief Executive Officer of Southeastern Asset Management, Inc.; Trustee and Co-Portfolio Manager of Longleaf Partners Funds.
G. Staley Cates, CFA: President of Southeastern Asset Management, Inc.; Co-Portfolio Manager of Longleaf Partners Funds.
Richard W. Hussey: Chief Operating Officer and Principal of Southeastern Asset Management, Inc.
Other Officers
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| Brandon Arrindell |
|
Analyst |
| Jim Barton, Jr., CFA |
|
Head of Portfolio Risk Management, Principal |
| Julie M. Bishop, CPA |
|
Mutual Fund Chief Financial Officer, Principal |
| J. Isaac Byrd |
|
Head of Portfolio Compliance |
| Scott Cobb |
|
Head of Europe, Principal |
| Deborah Craddock |
|
Head of Trading, Principal |
| Jeffrey D. Engelberg, CFA |
|
Trader, Principal |
| Steve Fracchia, CPA |
|
Chief Financial Officer, Principal |
| Ross Glotzbach, CFA |
|
Senior Analyst, Principal |
| Michael Johnson |
|
Trader |
| Peter R. Kris |
|
Head of Global Funds Business |
| Lee B. Harper |
|
Head of Client Portfolio Management, Principal |
| Lowery H. Howell, CFA |
|
Senior Analyst, Principal |
| Steve McBride |
|
Assistant General Counsel |
| Andrew R. McCarroll |
|
General Counsel, Principal |
| W. Douglas Schrank |
|
Trader |
| Josh Shores, CFA |
|
Senior Analyst, Principal |
| Ken Siazon |
|
Principal |
| Jim Thompson, CFA |
|
Senior Analyst, Principal |
| Gary M. Wilson, CFA |
|
Client Portfolio Manager, Principal |
| Michael J. Wittke |
|
Chief Compliance Officer |
11
SCHEDULE 13D – CONSOL Energy Inc. (“Issuer”)
LONGLEAF PARTNERS FUND
LONGLEAF PARTNERS SMALL-CAP FUND
The following information is disclosed for each of the directors and executive officers of Longleaf Partners Fund and Longleaf Partners
Small-Cap Fund: name; address; and present principal occupation or employment and the name, principal business and address of any corporation or other organization in which such employment is conducted. Each individual identified below is a citizen
of the United States. The address of each individual for purposes of correspondence is c/o Southeastern Asset Management, Inc., 6410 Poplar Avenue, Suite 900, Memphis, Tennessee 38119.
To the knowledge of management of Longleaf Partners Fund and Longleaf Partners Small-Cap Fund during the last five years, no such person has
been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors), and no such person was a party to a civil proceeding of a judicial or administrative body of competent jurisdiction as a result of which he was or is
subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities law or finding any violation with respect to such laws.
Trustees
O. Mason Hawkins: Chairman of
the Board and Chief Executive Officer of Southeastern Asset Management, Inc.; Trustee and Co-Portfolio Manager of Longleaf Partners Funds.
Chadwick H.
Carpenter, Jr.: Trustee of Longleaf Partners Funds; private investor and consultant.
Margaret H. Child: Trustee of Longleaf Partners Funds; marketing
consultant.
Daniel W. Connell, Jr.: Trustee of Longleaf Partners Funds; private investor.
Rex M. Deloach: Trustee of Longleaf Partners Funds; President, Financial Insights, Inc.
Steven N. Melnyk: Trustee of Longleaf Partners Funds; Senior Vice President, Stevens, Inc.
C. Barham Ray: Trustee of Longleaf Partners Funds; private investor and consultant.
Perry Steger: Chairman of the Board, Longleaf Partners Funds; President, Steger & Bizzell Engineering, Inc.
12
SCHEDULE 13D – CONSOL Energy Inc. (“Issuer”)
SCHEDULE II
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| Transaction Type |
|
Date |
|
# of Shares |
|
|
Price per Share* |
|
| Purchase |
|
June 1, 2015 |
|
|
41,101 |
|
|
|
27.49 |
|
| Purchase |
|
June 1, 2015 |
|
|
145,000 |
|
|
|
27.48 |
|
| Sale |
|
June 2, 2015 |
|
|
14,150 |
|
|
|
28.08 |
|
| Purchase |
|
June 4, 2015 |
|
|
150,000 |
|
|
|
27.51 |
|
| Purchase |
|
June 4, 2015 |
|
|
44,500 |
|
|
|
27.41 |
|
| Purchase |
|
June 4, 2015 |
|
|
1,156,600 |
|
|
|
27.46 |
|
| Purchase |
|
June 5, 2015 |
|
|
42,450 |
|
|
|
27.24 |
|
| Sale |
|
June 5, 2015 |
|
|
2,200 |
|
|
|
27.24 |
|
| Purchase |
|
June 10, 2015 |
|
|
36,200 |
|
|
|
27.62 |
|
| Sale |
|
June 11, 2015 |
|
|
264,451 |
|
|
|
26.57 |
|
| Sale |
|
June 15, 2015 |
|
|
245,900 |
|
|
|
25.22 |
|
| Sale |
|
June 17, 2015 |
|
|
25,477 |
|
|
|
24.70 |
|
| Sale |
|
June 19, 2015 |
|
|
93,700 |
|
|
|
23.64 |
|
| Sale |
|
June 22, 2015 |
|
|
42,100 |
|
|
|
23.67 |
|
| Purchase |
|
June 23, 2015 |
|
|
143,500 |
|
|
|
23.87 |
|
| Purchase |
|
June 26, 2015 |
|
|
13,879 |
|
|
|
22.40 |
|
| Purchase |
|
July 1, 2015 |
|
|
191,942 |
|
|
|
20.78 |
|
| Purchase |
|
July 1, 2015 |
|
|
301,100 |
|
|
|
20.93 |
|
| Purchase |
|
July 2, 2015 |
|
|
780,500 |
|
|
|
21.59 |
|
| Purchase |
|
July 2, 2015 |
|
|
250,000 |
|
|
|
21.17 |
|
| Purchase |
|
July 6, 2015 |
|
|
1,000,000 |
|
|
|
21.38 |
|
| Purchase |
|
July 6, 2015 |
|
|
967,158 |
|
|
|
21.40 |
|
| Purchase |
|
July 6, 2015 |
|
|
80,607 |
|
|
|
21.48 |
|
| Sale |
|
July 8, 2015 |
|
|
26,895 |
|
|
|
20.11 |
|
| Purchase |
|
July 9, 2015 |
|
|
315,600 |
|
|
|
20.51 |
|
| Sale |
|
July 15, 2015 |
|
|
184,860 |
|
|
|
18.96 |
|
| Sale |
|
July 16, 2015 |
|
|
18,500 |
|
|
|
18.48 |
|
| Sale |
|
July 16, 2015 |
|
|
1,177 |
|
|
|
18.49 |
|
Sales and purchases by Southeastern clients in the ordinary course of business on the New York Stock Exchange or through
Electronic Communication Networks (ECNs). Southeastern does not have a “pecuniary interest” as define by Securities Exchange Act of 1934 Rule 16a-1 with respect to its client’s holdings and no single client owns over 10% of the
Issuer’s Securities. In addition to the above transactions, clients of Southeastern terminating their advisory relationship removed the following shares from Southeastern’s discretion: June 5, 2015 – 93,600 shares; June 12,
2015 – 1,280 shares; June 16, 2015 – 107,861 shares; June 18, 2015 – 628,854 shares; June 19, 2015 – 146,000 shares; July 10, 2015 – 190,300 shares
| * |
Exclusive of commissions. |
13
CONSOL Energy, Inc. (NYSE:CNX.WI)
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CONSOL Energy, Inc. (NYSE:CNX.WI)
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