Lawrence D. Martin - Nov 11, 2022 Form 4 Insider Report for HALLADOR ENERGY CO (HNRG)

Role: CFO
Signature: /s/ Lawrence D. Martin
Stock symbol: HNRG
Transactions as of: Nov 11, 2022
Transactions value $: $0
Form type: 4
Date filed: 11/15/2022, 02:34 PM
Previous filing: Dec 20, 2021
Next filing: Apr 4, 2023

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	Award		+174K			174K	Nov 11, 2022	Common Stock, par value $.01	174K		Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	A total of 173,913 restricted stock units, to be granted under the RSU Plan as promptly as practical after the adoption of this 2022 EO Plan, which shall vest in the amount of 57,971 restricted stock units on March 31st of each of 2023, 2024 and 2025, subject to the Covered Person's continued Service through the applicable vesting date, and shall vest in full subject to the Covered Person's continued Service through to the date of a Change in Control, and otherwise in accordance with the terms of the RSU Plan and the applicable award agreement.
F2	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.

Content

A total of 173,913 restricted stock units, to be granted under the RSU Plan as promptly as practical after the adoption of this 2022 EO Plan, which shall vest in the amount of 57,971 restricted stock units on March 31st of each of 2023, 2024 and 2025, subject to the Covered Person's continued Service through the applicable vesting date, and shall vest in full subject to the Covered Person's continued Service through to the date of a Change in Control, and otherwise in accordance with the terms of the RSU Plan and the applicable award agreement.

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.