CONSOL Energy (CEIX) Form 3 CONSOL Energy / MATTHEW T WOOD ownership change

SEC Form 3

FORM 3

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

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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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1. Name and Address of Reporting Person^*

Lancaster Investment Management LLP

(Last) (First) (Middle)

60 CHARLOTTE STREET

(Street)

LONDON X0 W1T 2NU

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
01/27/2020

3. Issuer Name and Ticker or Trading Symbol
CONSOL Energy Inc. [ CEIX ]

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

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

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

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

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

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock, par value $0.01 per share ("Common Stock")	2,590,720	I	See footnotes(1)(2)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

1. Name and Address of Reporting Person^*

Lancaster Investment Management LLP

(Last) (First) (Middle)

60 CHARLOTTE STREET

(Street)

LONDON X0 W1T 2NU

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

WOOD MATTHEW T

(Last) (First) (Middle)

60 CHARLOTTE STREET

(Street)

LONDON X0 W1T 2NU

(City) (State) (Zip)

Explanation of Responses:

1. The securities reported herein are held by Lancaster Global LS Equity Master Limited, which is managed by Lancaster Investment Management LLP ("Lancaster UK"). Matthew Wood ("Mr. Wood," and together with Lancaster UK, the "Reporting Persons") serves as the Chief Investment Officer and the controlling person of Lancaster UK.

2. The filing of this statement shall not be deemed an admission that either of the Reporting Persons is the beneficial owner of the securities reported herein for purposes of Section 16 of the Securities Act of 1934, as amended, or otherwise. Each of the Reporting Persons expressly disclaims beneficial ownership of the securities reported herein except to the extent of its or his pecuniary interest therein.

	Lancaster Investment Management LLP, By: /s/ Daniel Wiener, its Chief Executive Officer	02/06/2020
	/s/ Matthew Wood	02/06/2020
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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