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HNRG > SEC Filings for HNRG > Form 8-K on 5-Nov-2012All Recent SEC Filings

Show all filings for HALLADOR ENERGY CO



Change in Directors or Principal Officers

Item 5.02: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

On October 31, 2012, our Board of Directors approved the cash buyout of 200,000 vested stock options owned by our CEO, Victor P. Stabio. The options were set to expire on April 15, 2015. The Board set a buyout price of $9.50 per option, less the exercise price of $2.30 per option. Accordingly, Mr. Stabio received a payment of $1,440,000 for his options.

Considering this transaction, the Company no longer has any outstanding stock options.

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