Coronado Global Resources Form 4 / Jeffrey D Bitzer ownership change

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Bitzer Jeffrey D

(Last)

(First)

(Middle)

C/O CORONADO GLOBAL RESOURCES INC.

100 BILL BAKER WAY

(Street)

BECKLEY

25801

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
Coronado Global Resources Inc. [ ASX:CRN ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
Group Chief Operating Officer

3. Date of Earliest Transaction (Month/Day/Year)
04/08/2022

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	02/21/2023		M		1,080.9⁽¹⁾	A	$0.00	1,080.9	D
Common Stock	03/31/2023		S⁽²⁾		435.2	D	$10.73⁽²⁾	645.7	D
Common Stock	04/05/2023		A⁽³⁾		4.7	A	$0.00	650.4	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Performance Stock Units	⁽³⁾	04/08/2022		A⁽³⁾		632		⁽¹⁾	⁽¹⁾	Common Stock	63.2⁽⁴⁾	$0	8,347	D
Performance Stock Units	⁽³⁾	06/21/2022		A⁽³⁾		759		⁽¹⁾	⁽¹⁾	Common Stock	75.9⁽⁴⁾	$0	9,106	D
Performance Stock Units	⁽³⁾	09/20/2022		A⁽³⁾		666		⁽¹⁾	⁽¹⁾	Common Stock	66.6⁽⁴⁾	$0	9,772	D
Performance Stock Units	⁽³⁾	12/12/2022		A⁽³⁾		1,037		⁽¹⁾	⁽¹⁾	Common Stock	103.7⁽⁴⁾	$0	10,809	D
Performance Stock Units	$0.00	02/16/2023		A⁽⁵⁾		50,450		⁽⁶⁾	⁽⁶⁾	Common Stock	5,045⁽⁴⁾	$0	50,450	D
Performance Stock Units	$0.00	02/21/2023		M			10,809	⁽¹⁾	⁽¹⁾	Common Stock	1,080.9⁽⁴⁾	$0	0	D
Performance Stock Units	⁽⁷⁾	04/05/2023		A⁽⁷⁾		217		⁽⁶⁾	⁽⁶⁾	Common Stock	5,066.7⁽⁴⁾	$0	50,667	D
Performance Stock Units	⁽⁷⁾	09/19/2023		A⁽⁷⁾		249		⁽⁶⁾	⁽⁶⁾	Common Stock	5,091.6⁽⁴⁾	$0	50,916	D

Explanation of Responses:

1. The Performance Stock Units ("PSUs") were acquired on February 21, 2022 or through subsequent dividend equivalent investments on the dates noted in Table II and all vested on February 21, 2023. Each PSU represented a right to receive one CHESS Depositary Interest ("CDI") or, at the election of the Compensation and Nominating Committee of the Issuer's Board of Directors (the "Compensation Committee"), an equivalent value of cash or shares of common stock of the Issuer (or a combination thereof). CDIs are units of beneficial ownership in shares of common stock of the Issuer that are publicly traded on the Australian Securities Exchange (the "ASX") and held by CHESS Depositary Nominees Pty, Limited, a subsidiary of ASX Limited, the company that operates the ASX. The CDIs are convertible into shares of common stock of the Issuer on a 10-for-1 basis.

2. Reflects CDIs that were sold in order to satisfy the tax liability that arose upon the vesting of the PSUs. The sale was executed in the form of CDIs, trading on the ASX, and as such the purchase price has been converted to a U.S. Dollar equivalent, adjusting for the conversion ratio of 1 share of common stock per 10 CDIs.

3. Reflects dividend equivalent reinvestments that were accrued with respect to the PSUs granted on February 21, 2022.

4. Reflects common stock underlying PSUs. Each PSU represents a right to receive one CDI or, at the election of the Compensation Committee, an equivalent value of cash or shares of common stock of the Issuer (or a combination thereof).

5. Reflects acquisition of PSUs upon certification of the underlying performance goals by the Compensation Committee. Each PSU represents a right to receive one CDI or, at the election of the Compensation Committee, an equivalent value of cash or shares of common stock of the Issuer (or a combination thereof).

6. The PSUs were acquired on February 16, 2023 and are scheduled to vest on February 16, 2024, subject to the Reporting Person's continued service through such date.

7. Reflects dividend equivalent reinvestments that were accrued with respect to the PSUs granted on February 16, 2023.

	/s/ Christopher P. Meyering, as Attorney-in-Fact	10/20/2023
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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Coronado Global Resources (CODQL) Form 4Coronado Global Resources / Jeffrey D Bitzer ownership change