Lawrence D. Martin - 16 Dec 2021 Form 4 Insider Report for HALLADOR ENERGY CO (HNRG)

Role: CFO
Signature: /s/ Lawrence D. Martin
Issuer symbol: HNRG
Transactions as of: 16 Dec 2021
Net transactions value: +$45,097
Form type: 4
Filing time: 20 Dec 2021, 19:35:04 UTC
Next filing: 15 Nov 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	HNRG	Common Stock	Options Exercise	$81,375	+37,500	+11%	$2.17^*	365,677	16 Dec 2021	Direct	F1
transaction	HNRG	Common Stock	Tax liability	$36,278	-16,718	-4.6%	$2.17^*	348,959	16 Dec 2021	Direct	F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	HNRG	Restricted Stock Units	Options Exercise		-37,500	-100%		0	16 Dec 2021	Common Stock			Direct	F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents Restricted Stock Units that vested on December 16, 2021. Each Restricted Stock Unit represents one share of Hallador Common Stock, par value $.01. Vested shares will be delivered to the reporting person pursuant to the terms of the Amended and Restated 2008 RSU Plan.
F2	Represents vested shares of common stock withheld by the Issuer to satisfy applicable payroll tax withholding.
F3	Each Restricted Stock Unit represents a contingent right to receive one share of Hallador Energy Common Stock. Vested shares will be delivered to the reporting person pursuant to the terms of the Amended and Restated 2008 RSU Plan.