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 : 22,951,752 shares
OWNED BY EACH REPORTING PERSON __________________________________________
WITH : (8) SHARED OR NO VOTING POWER
: 24,379,202 shares (Shared)
: 3,408,910 shares (No Vote)
__________________________________________
: (9) SOLE DISPOSITIVE POWER
(Discretionary Accounts)
: 25,560,662 shares
__________________________________________
: (10) SHARED DISPOSITIVE POWER
: 25,179,202 shares (Shared)
: 0 shares (None)
_____________________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
50,739,864 shares
_____________________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES
CERTAIN SHARES
_____________________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
22.1 %
_____________________________________________________________________________
(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
: 11,536,742 shares (Shared)
__________________________________________
: (9) SOLE DISPOSITIVE POWER
: None
__________________________________________
: (10) SHARED DISPOSITIVE POWER
: 11,536,742 shares (Shared)
_____________________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11,536,742 shares
_____________________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES
CERTAIN SHARES
_____________________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
5.0 %
_____________________________________________________________________________
(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
: 12,285,409 shares
________________________________
: (9) SOLE DISPOSITIVE POWER
:
: None
________________________________
: (10) SHARED DISPOSITIVE POWER
: 12,285,409 shares
___________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
12,285,409 shares
___________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES
CERTAIN SHARES
___________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
5.3%
___________________________________________________________________
(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 50,739,864 shares of the common stock of the Issuer,
constituting approximately 22.1% of the 230,103,982 shares outstanding.
Common % of outstanding
Shares Common Shares
Held
___________________________________________________________________
Voting Authority
Sole: 22,951,752 10.0%
Shared: 24,379,202* 10.6%
None: 3,408,910 1.5%
Total 50,739,864 22.1%
*Consists of shares owned by Longleaf Partners Fund (11,536,742), Longleaf
Partners Small-Cap Fund (12,285,409) and Longleaf Partners Global Fund
(557,051), 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: 25,560,662 11.1%
Shared: 25,179,202* 11.0%
None: 0 0.0%
Total 50,739,864 22.1%
*Consists of shares owned by Longleaf Partners Fund (11,536,742), Longleaf
Partners Small-Cap Fund (12,285,409), and Longleaf Partners Global Fund
(557,051), each a series of Longleaf Partners Funds Trust, an open-end
management investment company registered under the Investment Company Act of
1940. Also includes 800,000 shares over which discretion is shared with
Additive Advisory and Capital, LLC, an SEC registered investment adviser.
(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: November 16, 2017
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 November 16, 2017.
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 09/20/17 5,084 16.22
Sale 09/26/17 4,389 16.79
Sale 10/13/17 86,402 15.89
Sale 10/13/17 63,767 15.89
Sale 10/13/17 264,584 15.89
Sale 10/13/17 60,500 15.98
Purchase 10/18/17 81,499 16.00
Purchase 10/18/17 106,346 16.00
Purchase 10/18/17 248,474 16.00
Purchase 10/27/17 131,198 16.07
Purchase 10/27/17 25,638 16.20
Purchase 10/27/17 6,926 16.07
Purchase 10/27/17 102,967 16.07
Purchase 10/27/17 20,121 16.20
Purchase 10/27/17 5,436 16.07
Purchase 10/27/17 109,935 16.07
Purchase 10/27/17 21,483 16.20
Purchase 10/27/17 5,804 16.07
Purchase 11/01/17 37,053 16.54
Purchase 11/10/17 3,000 15.72
Purchase 11/10/17 12,000 15.53
Purchase 11/10/17 1,000 15.72
Purchase 11/10/17 7,000 15.53
Purchase 11/10/17 2,000 15.53
Purchase 11/10/17 3,000 15.72
Purchase 11/10/17 14,000 15.53
Purchase 11/10/17 3,000 15.72
Purchase 11/10/17 17,000 15.53
Purchase 11/10/17 1,000 15.53
Purchase 11/10/17 1,000 15.53
Purchase 11/10/17 1,000 15.53
Purchase 11/10/17 2,000 15.53
Purchase 11/10/17 1,000 15.72
Purchase 11/10/17 2,000 15.53
Purchase 11/10/17 1,000 15.72
Purchase 11/10/17 3,000 15.53
Purchase 11/10/17 6,000 15.72
Purchase 11/10/17 33,000 15.53
Purchase 11/10/17 3,000 15.72
Purchase 11/10/17 12,000 15.53
Purchase 11/10/17 7,000 15.72
Purchase 11/10/17 33,000 15.53
Purchase 11/10/17 12,311 15.72
Purchase 11/10/17 61,000 15.53
Purchase 11/10/17 1,000 15.53
Purchase 11/10/17 1,000 15.72
Purchase 11/10/17 2,000 15.53
Purchase 11/10/17 2,000 15.72
Purchase 11/10/17 9,000 15.53
Purchase 11/10/17 3,000 15.53
Purchase 11/10/17 1,000 15.53
Purchase 11/10/17 1,000 15.72
Purchase 11/10/17 6,000 15.53
Purchase 11/10/17 2,000 15.72
Purchase 11/10/17 10,000 15.53
Purchase 11/10/17 1,000 15.72
Purchase 11/10/17 4,000 15.53
Purchase 11/10/17 2,000 15.53
Purchase 11/13/17 1,500 16.01
Purchase 11/13/17 1,500 16.01
Purchase 11/13/17 1,500 16.01
Purchase 11/13/17 1,500 16.01
Purchase 11/13/17 1,500 15.61
Purchase 11/13/17 1,500 16.01
Purchase 11/13/17 3,000 16.01
Purchase 11/13/17 3,032 16.01
Purchase 11/13/17 1,900 15.61
Purchase 11/13/17 1,500 16.01
Purchase 11/13/17 1,500 16.01
Purchase 11/14/17 7,500 15.69
Purchase 11/14/17 1,500 15.71
Purchase 11/14/17 9,000 15.69
Purchase 11/14/17 1,500 15.72
Purchase 11/14/17 3,000 15.69
Purchase 11/14/17 6,000 15.69
Purchase 11/14/17 21,000 15.69
Purchase 11/14/17 25,984 15.71
Purchase 11/14/17 1,500 15.71
Purchase 11/14/17 1,500 15.72
Purchase 11/14/17 15,134 15.71
Purchase 11/14/17 9,000 15.69
Purchase 11/14/17 1,500 15.72
Purchase 11/14/17 3,678 15.71
Purchase 11/14/17 6,000 15.69
Purchase 11/14/17 3,000 15.69
Purchase 11/14/17 27,000 15.69
Purchase 11/14/17 27,439 15.71
Purchase 11/14/17 3,000 15.72
Purchase 11/14/17 6,000 15.69
Purchase 11/14/17 1,500 15.71
Purchase 11/14/17 3,000 15.69
Purchase 11/14/17 21,000 15.69
Purchase 11/14/17 34,907 15.71
Purchase 11/14/17 1,500 15.72
Purchase 11/14/17 39,000 15.69
Purchase 11/14/17 4,500 15.72
Purchase 11/14/17 13,500 15.69
Purchase 11/14/17 1,500 15.72
Purchase 11/14/17 4,500 15.69
Purchase 11/14/17 3,000 15.69
Purchase 11/14/17 157 15.71
Purchase 11/14/17 6,000 15.69
Purchase 11/14/17 3,000 15.69
Purchase 11/14/17 24,000 15.69
Purchase 11/14/17 3,000 15.72
Purchase 11/14/17 1,500 15.69
Purchase 11/14/17 1,846 15.71
Purchase 11/14/17 1,500 15.69
Purchase 11/14/17 1,523 15.71
Purchase 11/14/17 1,500 15.69
Purchase 11/14/17 2,147 15.71
Purchase 11/14/17 1,500 15.69
Purchase 11/14/17 3,326 15.71
Purchase 11/14/17 3,000 15.69
Purchase 11/14/17 4,078 15.71
Purchase 11/14/17 4,500 15.69
Purchase 11/14/17 7,397 15.71
Purchase 11/14/17 6,000 15.69
Purchase 11/14/17 24,000 15.69
Purchase 11/14/17 66,310 15.71
Purchase 11/14/17 1,500 15.71
Purchase 11/14/17 1,500 15.72
Purchase 11/14/17 9,000 15.69
Purchase 11/14/17 24,191 15.71
Purchase 11/14/17 1,500 15.72
Purchase 11/14/17 36,000 15.69
Purchase 11/14/17 56,792 15.71
Purchase 11/14/17 1,500 15.71
Purchase 11/14/17 3,000 15.72
Purchase 11/14/17 45,000 15.69
Purchase 11/14/17 124,484 15.71
Purchase 11/14/17 4,500 15.72
Purchase 11/14/17 3,000 15.69
Purchase 11/14/17 1,883 15.71
Purchase 11/14/17 6,000 15.69
Purchase 11/14/17 5,245 15.71
Purchase 11/14/17 15,000 15.69
Purchase 11/14/17 1,500 15.72
Purchase 11/14/17 3,000 15.69
Purchase 11/14/17 13,500 15.69
Purchase 11/14/17 19,133 15.71
Purchase 11/14/17 1,500 15.72
Purchase 11/14/17 6,734 15.71
Purchase 11/14/17 4,500 15.69
Purchase 11/14/17 1,500 15.69
Purchase 11/14/17 1,756 15.71
Purchase 11/14/17 4,500 15.69
Purchase 11/14/17 12,072 15.71
Purchase 11/14/17 10,500 15.69
Purchase 11/14/17 1,500 15.72
Purchase 11/14/17 10,500 15.69
Purchase 11/14/17 19,808 15.71
Purchase 11/14/17 1,500 15.72
Purchase 11/14/17 24,000 15.69
Purchase 11/14/17 1,500 15.71
Purchase 11/14/17 1,500 15.72
Purchase 11/14/17 53,897 15.69
Purchase 11/14/17 1,300 15.71
Purchase 11/14/17 5,774 15.72
Purchase 11/14/17 1,500 15.69
Purchase 11/14/17 9,250 15.71
Purchase 11/14/17 6,000 15.69
Purchase 11/14/17 1,500 15.71
Purchase 11/14/17 1,500 15.69
Purchase 11/14/17 3,000 15.69
Purchase 11/14/17 4,500 15.69
Purchase 11/14/17 2,707 15.71
Purchase 11/14/17 1,500 15.69
Purchase 11/14/17 1,500 15.69
Purchase 11/14/17 1,500 15.69
Purchase 11/14/17 19,500 15.69
Purchase 11/14/17 1,500 15.72
Purchase 11/14/17 9,000 15.69
Purchase 11/14/17 1,500 15.72
Purchase 11/14/17 3,000 15.69
Purchase 11/15/17 10,500 15.79
Purchase 11/15/17 3,000 15.95
Purchase 11/15/17 9,000 15.79
Purchase 11/15/17 3,000 15.95
Purchase 11/15/17 3,000 15.79
Purchase 11/15/17 6,000 15.79
Purchase 11/15/17 1,500 15.95
Purchase 11/15/17 1,500 15.79
Purchase 11/15/17 22,500 15.79
Purchase 11/15/17 7,500 15.95
Purchase 11/15/17 9,000 15.79
Purchase 11/15/17 3,000 15.95
Purchase 11/15/17 6,000 15.79
Purchase 11/15/17 1,500 15.95
Purchase 11/15/17 3,000 15.79
Purchase 11/15/17 28,500 15.79
Purchase 11/15/17 7,500 15.95
Purchase 11/15/17 7,500 15.79
Purchase 11/15/17 1,500 15.95
Purchase 11/15/17 3,000 15.79
Purchase 11/15/17 22,500 15.79
Purchase 11/15/17 6,000 15.95
Purchase 11/15/17 40,500 15.79
Purchase 11/15/17 12,000 15.95
Purchase 11/15/17 15,000 15.79
Purchase 11/15/17 4,500 15.95
Purchase 11/15/17 4,500 15.79
Purchase 11/15/17 1,500 15.95
Purchase 11/15/17 3,000 15.79
Purchase 11/15/17 1,500 15.95
Purchase 11/15/17 6,000 15.79
Purchase 11/15/17 1,500 15.95
Purchase 11/15/17 3,000 15.79
Purchase 11/15/17 25,500 15.79
Purchase 11/15/17 7,500 15.95
Purchase 11/15/17 3,000 15.79
Purchase 11/15/17 1,500 15.79
Purchase 11/15/17 1,500 15.79
Purchase 11/15/17 1,500 15.79
Purchase 11/15/17 3,000 15.79
Purchase 11/15/17 3,000 15.79
Purchase 11/15/17 1,500 15.95
Purchase 11/15/17 6,000 15.79
Purchase 11/15/17 1,500 15.95
Purchase 11/15/17 27,000 15.79
Purchase 11/15/17 7,500 15.95
Purchase 11/15/17 10,500 15.79
Purchase 11/15/17 3,000 15.95
Purchase 11/15/17 39,000 15.79
Purchase 11/15/17 12,000 15.95
Purchase 11/15/17 45,000 15.79
Purchase 11/15/17 13,500 15.95
Purchase 11/15/17 3,000 15.79
Purchase 11/15/17 6,000 15.79
Purchase 11/15/17 1,500 15.95
Purchase 11/15/17 15,000 15.79
Purchase 11/15/17 4,500 15.95
Purchase 11/15/17 3,000 15.79
Purchase 11/15/17 12,000 15.79
Purchase 11/15/17 4,500 15.95
Purchase 11/15/17 3,000 15.79
Purchase 11/15/17 1,500 15.95
Purchase 11/15/17 1,500 15.79
Purchase 11/15/17 3,000 15.79
Purchase 11/15/17 1,500 15.95
Purchase 11/15/17 10,500 15.79
Purchase 11/15/17 3,000 15.95
Purchase 11/15/17 12,000 15.79
Purchase 11/15/17 3,000 15.95
Purchase 11/15/17 27,000 15.79
Purchase 11/15/17 7,500 15.95
Purchase 11/15/17 57,070 15.79
Purchase 11/15/17 16,528 15.95
Purchase 11/15/17 3,000 15.79
Purchase 11/15/17 1,500 15.79
Purchase 11/15/17 7,500 15.79
Purchase 11/15/17 3,000 15.95
Purchase 11/15/17 1,500 15.79
Purchase 11/15/17 3,000 15.79
Purchase 11/15/17 1,500 15.95
Purchase 11/15/17 3,000 15.79
Purchase 11/15/17 1,500 15.95
Purchase 11/15/17 3,000 15.79
Purchase 11/15/17 3,000 15.79
Purchase 11/15/17 1,500 15.79
Purchase 11/15/17 19,500 15.79
Purchase 11/15/17 6,000 15.95
Purchase 11/15/17 10,500 15.79
Purchase 11/15/17 3,000 15.95
Purchase 11/15/17 3,000 15.79
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, on September 21, 2017, clients of
Southeastern removed 1,182,960 shares from Southeastern's
discretion.
*Exclusive of commissions.
1
SCHEDULE 13D - CONSOL Energy Inc. ("Issuer")
14
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