It enters connected standby by default.
Go to Power Options, then on the left there is a link about choosing what closing the lid does.
Anyone know how to share a screenshot? As in double tap the pen, crop and put that picture into a post like this?
This is where I said I was in the OP but sleep isn't an option. Just hibernate and shut down.
Those are the default....with Connected Standby enabled, if Hibernate and Shutdown are the only options Connected Standby has been disabled...