FORM 3 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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1. Name and Address of Reporting Person*
(Street)
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2. Date of Event Requiring Statement
(Month/Day/Year) 12/30/2020 |
3. Issuer Name and Ticker or Trading Symbol
CONSOL Energy Inc. [ CEIX ] |
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4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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5. If Amendment, Date of Original Filed
(Month/Day/Year) |
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6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Beneficially Owned | |||
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1. Title of Security (Instr. 4) | 2. Amount of Securities Beneficially Owned (Instr. 4) | 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 4. Nature of Indirect Beneficial Ownership (Instr. 5) |
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 Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||
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1. Title of Derivative Security (Instr. 4) | 2. Date Exercisable and Expiration Date (Month/Day/Year) | 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) | 4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) | 6. Nature of Indirect Beneficial Ownership (Instr. 5) | ||
Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
1. Name and Address of Reporting Person*
(Street)
Relationship of Reporting Person(s) to Issuer
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1. Name and Address of Reporting Person*
(Street)
Relationship of Reporting Person(s) to Issuer
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1. Name and Address of Reporting Person*
(Street)
Relationship of Reporting Person(s) to Issuer
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1. Name and Address of Reporting Person*
(Street)
Relationship of Reporting Person(s) to Issuer
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1. Name and Address of Reporting Person*
(Street)
Relationship of Reporting Person(s) to Issuer
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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. |
/s/ Daniel Roitman, attorney-in-fact for David Einhorn* | 01/11/2021 | |
/s/ Daniel Roitman, Chief Operating Officer of Greenlight Capital, Inc. | 01/11/2021 | |
/s/ Daniel Roitman, Chief Operating Officer of DME Advisors GP, L.L.C., General Partner of DME Advisors, L.P. | 01/11/2021 | |
/s/ Daniel Roitman, Chief Operating Officer of DME Capital Management, L.P. | 01/11/2021 | |
/s/ Daniel Roitman, Chief Operating Officer of DME Advisors GP, L.L.C. | 01/11/2021 | |
** Signature of Reporting Person | Date | |
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 5 (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). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. |