Steven Hardie - Jun 9, 2022 Form 4 Insider Report for HALLADOR ENERGY CO (HNRG)

Role
Director
Signature
/s/ Steven R. Hardie
Stock symbol
HNRG
Transactions as of
Jun 9, 2022
Transactions value $
$1,750,006
Form type
4
Date filed
6/13/2022, 05:10 PM

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HNRG Common Stock Conversion of derivative security $1.75M +366K +22.95% $4.78 1.96M Jun 9, 2022 See Footnote F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Based on the 30-trading day trailing VWAP ending on and including the day of conversion.
F2 These shares were issued upon conversion of two convertible promissory notes to NextG Partners, LLC ("NextG"); one for $1,000,000 dated May 2, 2022 as reported on Form 8-K dated May 6, 2022, and the other $750,000 dated May 20, 2022 reported on Form 10-Q on May 23 2022.
F3 1,788,441 shares are owned by NextG Partners, LLC. Mr. Hardie is a member and manager of NextG, and owns 38% of its membership interests. He disclaims beneficial ownership of the other 62% of the shares owned by NextG. 139,089 shares are owned directly by Mr. Steven R. Hardie individually. 21,489 shares are owned beneficially by the Steven Robert Hardie Trust. Mr. Hardie is trustee, and disclaims any beneficial ownership in the trust. 13,481 shares are owned beneficially by the Sandra W. Hardie Revocable Family Trust. Mr. Hardie's spouse is trustee of the trust, and Mr. Hardie disclaims any beneficial ownership of the shares in the trust.