0000807985-16-000040.txt : 20160106 0000807985-16-000040.hdr.sgml : 20160106 20160106160713 ACCESSION NUMBER: 0000807985-16-000040 CONFORMED SUBMISSION TYPE: SC 13D/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20160106 DATE AS OF CHANGE: 20160106 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: CONSOL Energy Inc CENTRAL INDEX KEY: 0001070412 STANDARD INDUSTRIAL CLASSIFICATION: BITUMINOUS COAL & LIGNITE SURFACE MINING [1221] IRS NUMBER: 510337383 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-56369 FILM NUMBER: 161326879 BUSINESS ADDRESS: STREET 1: CNX CENTER STREET 2: 1000 CONSOL ENERGY DRIVE CITY: CANONSBURG STATE: PA ZIP: 15317 BUSINESS PHONE: 724-485-4000 MAIL ADDRESS: STREET 1: CNX CENTER STREET 2: 1000 CONSOL ENERGY DRIVE CITY: CANONSBURG STATE: PA ZIP: 15317 FORMER COMPANY: FORMER CONFORMED NAME: CONSOL ENERGY INC DATE OF NAME CHANGE: 19980915 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: SOUTHEASTERN ASSET MANAGEMENT INC/TN/ CENTRAL INDEX KEY: 0000807985 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] IRS NUMBER: 620951781 STATE OF INCORPORATION: TN FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D/A BUSINESS ADDRESS: STREET 1: 6410 POPLAR AVENUE STE 900 CITY: MEMPHIS STATE: TN ZIP: 38119 BUSINESS PHONE: 9017612474 MAIL ADDRESS: STREET 1: 6410 POPLAR AVENUE STREET 2: SUITE 900 CITY: MEMPHIS STATE: TN ZIP: 38119 FORMER COMPANY: FORMER CONFORMED NAME: PROFESSIONAL PORTFOLIO MANAGEMENT INC DATE OF NAME CHANGE: 19890314 FORMER COMPANY: FORMER CONFORMED NAME: SOUTHEASTERN ASSET MANAGEMENT INC DATE OF NAME CHANGE: 19880622 SC 13D/A 1 cnx13d2.txt CONSOL ENERGY INC. - 13D AMENDMENT SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13D Under the Securities Exchange Act of 1934 Amendment No. 2 CONSOL Energy Inc. ________________________________________________________ (Name of Issuer) Common Stock _______________________________________________________ (Title of Class and Securities) 20854P109 _______________________________________________________ (CUSIP Number of Class of Securities) O. Mason Hawkins Chairman of the Board and C.E.O. and Andrew R. McCarroll Vice President & General Counsel Southeastern Asset Management, Inc. 6410 Poplar Avenue, Suite 900 Memphis, TN 38119 (901) 761-2474 ___________________________________________________________ (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) January 4, 2016 ___________________________________________ (Date of Event which Requires Filing of this Statement) If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this Schedule because of Sections 240.13d-1(e), 240.13d-1(f), or 240.13d-1(g), check the following box: [X] CUSIP No. 20854P109 13D _____________________________________________________________________________ (1) NAMES OF REPORTING PERSONS Southeastern Asset Management, Inc. I.D. No. 62-0951781 _____________________________________________________________________________ (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) (b) X _____________________________________________________________________________ (3) SEC USE ONLY _____________________________________________________________________________ (4) SOURCE OF FUNDS 00: Funds of investment advisory clients _____________________________________________________________________________ (5) CHECK BOX IF DISCOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] _____________________________________________________________________________ (6) CITIZENSHIP OR PLACE OF ORGANIZATION Tennessee _____________________________________________________________________________ : (7) SOLE VOTING POWER : (Discretionary Accounts) NUMBER OF SHARES BENEFICIALLY : 23,956,423 shares OWNED BY EACH REPORTING PERSON __________________________________________ WITH : (8) SHARED OR NO VOTING POWER : 25,004,024 shares (Shared) : 3,875,290 shares (No Vote) __________________________________________ : (9) SOLE DISPOSITIVE POWER (Discretionary Accounts) : 27,831,713 shares __________________________________________ : (10) SHARED DISPOSITIVE POWER : 25,004,024 shares (Shared) : 0 shares (None) _____________________________________________________________________________ (11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 52,835,737 shares _____________________________________________________________________________ (12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES _____________________________________________________________________________ (13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 23.1 % _____________________________________________________________________________ (14) TYPE OF REPORTING PERSON IA _____________________________________________________________________________ CUSIP No. 20854P109 13D _____________________________________________________________________________ (1) NAMES OF REPORTING PERSONS Longleaf Partners Fund I.D. No. 63-6147721 _____________________________________________________________________________ (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) (b) X _____________________________________________________________________________ (3) SEC USE ONLY _____________________________________________________________________________ (4) SOURCE OF FUNDS 00: Funds of investment company shareholders _____________________________________________________________________________ (5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEDDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] _____________________________________________________________________________ (6) CITIZENSHIP OR PLACE OF ORGANIZATION Massachusetts _____________________________________________________________________________ : (7) SOLE VOTING POWER NUMBER OF SHARES BENEFICIALLY : None OWNED BY EACH REPORTING PERSON __________________________________________ WITH : (8) SHARED VOTING POWER : 12,263,500 shares (Shared) __________________________________________ : (9) SOLE DISPOSITIVE POWER : None __________________________________________ : (10) SHARED DISPOSITIVE POWER : 12,263,500 shares (Shared) _____________________________________________________________________________ (11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 12,263,500 shares _____________________________________________________________________________ (12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES _____________________________________________________________________________ (13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 5.4 % _____________________________________________________________________________ (14) TYPE OF REPORTING PERSON IV _____________________________________________________________________________ CUSIP No. 20854P109 13D ___________________________________________________________________ (1) NAMES OF REPORTING PERSONS Longleaf Partners Small-Cap Fund I.D. No. 62-1376170 ___________________________________________________________________ (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) (b) X ___________________________________________________________________ (3) SEC USE ONLY ___________________________________________________________________ (4) SOURCE OF FUNDS OO: Funds of investment company shareholders ___________________________________________________________________ (5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [X] ___________________________________________________________________ (6) CITIZENSHIP OR PLACE OF ORGANIZATION Massachusetts ___________________________________________________________________ : (7) SOLE VOTING POWER : NUMBER OF SHARES BENEFICIALLY : None OWNED BY EACH REPORTING PERSON ________________________________ WITH : (8) SHARED VOTING POWER : 12,494,200 shares ________________________________ : (9) SOLE DISPOSITIVE POWER : : None ________________________________ : (10) SHARED DISPOSITIVE POWER : 12,494,200 shares ___________________________________________________________________ (11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 12,494,200 shares ___________________________________________________________________ (12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES ___________________________________________________________________ (13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 5.5% ___________________________________________________________________ (14) TYPE OF REPORTING PERSON IV ___________________________________________________________________ CUSIP No. 20854P109 13D _____________________________________________________________________________ (1) NAMES OF REPORTING PERSONS O. Mason Hawkins I.D. No. XXX-XX-XXXX _____________________________________________________________________________ (2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) (b) X _____________________________________________________________________________ (3) SEC USE ONLY _____________________________________________________________________________ (4) SOURCE OF FUNDS 00: None _____________________________________________________________________________ (5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) [ ] _____________________________________________________________________________ (6) CITIZENSHIP OR PLACE OF ORGANIZATION Citizen of United States _____________________________________________________________________________ : (7) SOLE VOTING POWER : (Discretionary Accounts) NUMBER OF SHARES BENEFICIALLY : None OWNED BY EACH REPORTING PERSON __________________________________________ WITH : (8) SHARED VOTING POWER : None __________________________________________ : (9) SOLE DISPOSITIVE POWER : None __________________________________________ : (10) SHARED DISPOSITIVE POWER : None _____________________________________________________________________________ (11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON None (See Item 3) _____________________________________________________________________________ (12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN SHARES [ ] _____________________________________________________________________________ (13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11 0.0 % _____________________________________________________________________________ (14) TYPE OF REPORTING PERSON IN _____________________________________________________________________________ Item 5. Interest In Securities Of The Issuer (a) The aggregate number and percentage of Securities to which this Schedule 13D relates is 52,835,737 shares of the common stock of the Issuer, constituting approximately 23.1% of the 229,053,634 shares outstanding. Common % of outstanding Shares Common Shares Held ___________________________________________________________________ Voting Authority Sole: 23,956,423 10.5% Shared: 25,004,024* 10.9% None: 3,875,290 1.7% Total 52,835,737 23.1% *Consists of shares owned by Longleaf Partners Fund (12,263,500), Longleaf Partners Small-Cap Fund (12,494,200, and Longleaf Partners Global Fund (246,324), each a series of Longleaf Partners Funds Trust, an open-end management investment company registered under the Investment Company Act of 1940. Dispositive Authority Sole: 27,831,713 12.2% Shared: 25,004,024* 10.9% None: 0 0.0% Total 52,835,737 23.1% *Consists of shares owned by Longleaf Partners Fund (12,263,500), Longleaf Partners Small-Cap Fund (12,494,200), and Longleaf Partners Global Fund (246,324), each a series of Longleaf Partners Funds Trust, an open-end management investment company registered under the Investment Company Act of 1940. (b) Southeastern generally has the sole power to dispose of or to direct the disposition of the Securities held for discretionary accounts of its investment clients, and may be granted the sole power to vote or direct the vote of such Securities; such powers may be retained by or shared with the respective clients for shared or non-discretionary accounts. Shares held by any Series of Longleaf Partners Funds Trust are reported in the "shared" category. (c) Purchase or sale transactions in the Securities during the past sixty days are disclosed on Schedule II. (d) The investment advisory clients of Southeastern have the sole right to receive and, subject to notice, to withdraw the proceeds from the sale of the Securities, and the sole power to direct the receipt of dividends from any of the Securities held for their respective accounts. Such clients may also terminate the investment advisory agreements without penalty upon appropriate notice. Southeastern does not have an economic interest in any of the Securities reported herein. (e) Not applicable. Signatures After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: January 6, 2016 Southeastern Asset Management, Inc. By /s/ Andrew R. McCarroll _______________________________________________ Andrew R. McCarroll Vice President and General Counsel Longleaf Partners Fund Longleaf Partners Small-Cap Fund By: Southeastern Asset Management, Inc. /s/ Andrew R. McCarroll _______________________________________________ Andrew R. McCarroll Vice President & General Counsel O. Mason Hawkins, Individually /s/ O. Mason Hawkins _______________________________________________ Joint Filing Agreement In accordance with Rule 13d-1(k) under the Securities Exchange Act of 1934, the persons or entities named below agree to the joint filing on behalf of each of them of this Initial Schedule 13D with respect to the Securities of the Issuer and further agree that this joint filing agreement be included as an exhibit to this Initial to Schedule 13D. In evidence thereof, the undersigned hereby execute this Agreement as of January 6, 2016. Southeastern Asset Management, Inc. By /s/ Andrew R. McCarroll _______________________________________________ Andrew R. McCarroll Vice President and General Counsel Longleaf Partners Fund Longleaf Partners Small-Cap Fund By: Southeastern Asset Management, Inc. /s/ Andrew R. McCarroll _______________________________________________ Andrew R. McCarroll Vice President & General Counsel O. Mason Hawkins, Individually /s/ O. Mason Hawkins _______________________________________________ SCHEDULE II Transaction Type Date # of Shares Price per Share* Sale November 10, 2015 800 8.03 Sale November 10, 2015 8,000 8.03 Sale November 10, 2015 3,600 8.03 Sale November 10, 2015 1,900 8.03 Sale November 10, 2015 4,400 8.03 Sale November 10, 2015 2,100 8.03 Sale November 10, 2015 1,500 8.03 Sale November 10, 2015 3,000 8.03 Sale November 10, 2015 600 8.03 Sale November 10, 2015 2,000 8.03 Sale November 10, 2015 600 8.03 Sale November 10, 2015 1,500 8.03 Sale November 10, 2015 2,300 8.03 Sale November 12, 2015 7,400 7.20 Sale November 12, 2015 5,200 7.20 Sale November 12, 2015 400 7.20 Sale November 12, 2015 9,900 7.20 Sale November 12, 2015 18,000 7.20 Sale November 12, 2015 13,848 7.20 Sale November 12, 2015 6,400 7.20 Sale November 12, 2015 800 7.20 Sale November 12, 2015 900 7.20 Sale November 12, 2015 3,500 7.20 Sale November 12, 2015 4,000 7.20 Sale November 12, 2015 2,452 7.20 Sale November 19, 2015 5,111 7.93 Sale November 19, 2015 5,000 7.93 Sale November 19, 2015 2,000 7.93 Sale November 19, 2015 3,994 7.93 Sale November 24, 2015 100 7.48 Sale November 24, 2015 300 7.48 Sale November 24, 2015 900 7.48 Sale November 24, 2015 500 7.48 Sale November 24, 2015 900 7.48 Sale November 24, 2015 24,000 7.48 Sale November 24, 2015 4,500 7.48 Sale November 24, 2015 3,000 7.48 Sale November 24, 2015 3,200 7.48 Sale November 24, 2015 5,000 7.48 Sale November 24, 2015 1,800 7.48 Sale November 24, 2015 4,900 7.48 Sal November 24, 2015 3,100 7.48 Sale November 24, 2015 1,200 7.48 Sale November 24, 2015 2,251 7.48 Sale November 24, 2015 2,200 7.48 Sale November 24, 2015 800 7.48 Sale November 24, 2015 149 7.48 Sale December 7, 2015 6,000 6.62 Sale December 7, 2015 4,000 6.62 Sale December 7, 2015 1,900 6.62 Sale December 7, 2015 1,100 6.62 Sale December 7, 2015 800 6.62 Sale December 7, 2015 1,000 6.62 Sale December 7, 2015 300 6.62 Sale December 7, 2015 400 6.62 Sale December 7, 2015 500 6.62 Sale December 7, 2015 1,900 6.62 Sale December 7, 2015 2,499 6.62 Sale December 7, 2015 2,000 6.62 Sale December 7, 2015 200 6.63 Sale December 7, 2015 1,500 6.62 Sale December 8, 2015 14,000 6.65 Sale December 8, 2015 15,000 6.65 Sale December 8, 2015 7,000 6.65 Sale December 8, 2015 4,000 6.65 Sale December 8, 2015 1,100 6.65 Sale December 8, 2015 2,800 6.65 Sale December 8, 2015 4,000 6.65 Sale December 8, 2015 1,200 6.65 Sale December 8, 2015 1,200 6.65 Sale December 8, 2015 1,300 6.65 Sale December 8, 2015 5,000 6.65 Sale December 8, 2015 7,649 6.65 Sale December 8, 2015 1,800 6.65 Sale December 8, 2015 3,200 6.65 Sale December 8, 2015 5,700 6.65 Sale December 8, 2015 3,100 6.65 Sale December 8, 2015 8,700 6.65 Purchase December 9, 2015 205,300 6.92 Purchase December 14, 2015 72,800 6.83 Purchase December 15, 2015 12,600 6.54 Sale December 21, 2015 2,900 7.92 Sale December 21, 2015 4,200 7.92 Sale December 21, 2015 1,300 7.92 Sale December 21, 2015 4,800 7.92 Sale December 21, 2015 12,000 7.92 Sale December 21, 2015 10,300 7.92 Sale December 28, 2015 8,100 7.83 Sale December 31, 2015 7,976 7.84 Purchase January 5, 2016 52,000 8.38 Sales and purchases by Southeastern clients in the ordinary course of business on the New York Stock Exchange or through Electronic Communication Networks (ECNs). Southeastern does not have a "pecuniary interest" as defined by Securities Exchange Act of 1934 Rule 16a-1 with respect to its client's holdings and no single client owns over 10% of the Issuer's Securities. In addition to the above transactions, clients of Southeastern terminating their advisory relationship removed the following shares from Southeastern's discretion: December 9, 2015 - 27,000 shares; December 15, 2015 - 167,984 shares, and on January 4, 2016, a client of Southeastern added 6,775,800 shares to Southeastern's discretion, which had been acquired by a transition manager. *Exclusive of commissions. 1 SCHEDULE 13D - CONSOL Energy Inc. ("Issuer") 11