DAVID J. LUBAR - 29 Mar 2024 Form 4 Insider Report for HALLADOR ENERGY CO (HNRG)

Role
Director, 10%+ Owner
Signature
/s/ David J. Lubar
Issuer symbol
HNRG
Transactions as of
29 Mar 2024
Transactions value $
$959,997
Form type
4
Filing time
02 Apr 2024, 17:17:19 UTC
Previous filing
27 Feb 2024
Next filing
03 Sep 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HNRG Common Stock Conversion of derivative security $8,000,004 +1,279,182 +1.06% $6.25 2,483,222 29 Mar 2024 By Lubar Opportunities Fund I, LLC F1, F5
transaction HNRG Common Stock Other $959,996 +180,112 +7.25% $5.33 2,663,334 29 Mar 2024 By Lubar Opportunities Fund I, LLC F1, F2, F4
holding HNRG Common Stock 2,788,685 29 Mar 2024 Lubar Equity Fund F3

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 Convertible Note-common stock Conversion of derivative security -$8,000,004 -1,279,182 -100% $6.25 0 29 Mar 2024 Common Stock 1,279,182 $6.25 By Lubar Opportunities Fund I, LLC F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These securities are owned by Lubar Opportunities Fund I, LLC ("LOFI"). Lubar & Co. is the sole manager of the fund. Mr. David Lubar, as CEO of Lubar & Co., may be deemed to share voting and dispositive power as to the shares held by LOFI. Mr. David Lubar disclaims beneficial ownership in the shares owned by LOFI, except to the extent of his respective pecuniary interest therein.
F2 Per the terms of the Unsecured Convertible Notes, interest due may be paid in shares of the Issuer's common stock.
F3 These securities are owned by Lubar Equity Fund, LLC ("LEF"). Lubar & Co., Incorporated is the sole manager of the fund. Mr. David Lubar, as a director and President of Lubar & Co., may be deemed to share voting and dispositive power as to the shares held by LEF. Mr. David Lubar disclaims beneficial ownership in the shares owned by LEF, except to the extent of his respective pecuniary interest therein.
F4 Based on the closing stock price on March 28, 2024.
F5 Theses securities were issued due to the conversion of two unsecured convertible notes to Lubar Opportunities Fund I, LLC, per the terms of the agreements.