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4//SEC Filing

Duncan Benny D. 4

Accession 0001104659-17-052274

CIK 0001657788other
View on SEC.govCompany Profile

Filed

Aug 15, 8:00 PM ET

Accepted

Aug 16, 4:51 PM ET

Size

20.9 KB

Accession

0001104659-17-052274

Insider Transaction Report

Form 4
Period: 2017-08-14
Kimbell Royalty Partners, LPKRP
Duncan Benny D.
Director10% Owner
Transactions
  • Other

    Common units representing limited partner interests

    2017-08-14+206→ 104,981 total
Holdings

  • Common units representing limited partner interests

    (indirect: See footnotes)
    3,769

  • Common units representing limited partner interests

    (indirect: See footnotes)
    9,913

  • Common units representing limited partner interests

    (indirect: By Children)
    2,856

  • Common units representing limited partner interests

    (indirect: By LLC)
    1,837

  • Common units representing limited partner interests

    (indirect: See footnotes)
    168

  • Common units representing limited partner interests

    (indirect: See footnotes)
    7,386

  • Common units representing limited partner interests

    (indirect: See footnotes)
    20,053

  • Common units representing limited partner interests

    (indirect: See footnotes)
    26

  • Common units representing limited partner interests

    (indirect: See footnotes)
    140,624

  • Common units representing limited partner interests

    (indirect: See footnotes)
    19

  • Common units representing limited partner interests

    (indirect: See footnotes)
    654
Footnotes (15)
  • [F1]Represents common units representing limited partner interests (the "Common Units") in Kimbell Royalty Partners, LP (the "Issuer") received in connection with a pro rata distribution by an independent partnership, of which Benny D. Duncan is a limited partner, to its partners.
  • [F10]These securities are owned directly by Gorda Sound Royalties, L.P. Gorda Sound, LLC is the general partner of, and may be deemed to beneficially own securities owned by, Gorda Sound Royalties, L.P. The reporting person is the sole manager of, and may be deemed to beneficially own securities owned by, Gorda Sound, LLC. Each of the reporting person and Gorda Sound, LLC disclaims beneficial ownership of the Common Units owned by Gorda Sound Royalties, L.P. except to the extent of his and its pecuniary interest therein.
  • [F11]These securities are owned directly by Gorda Sound, LLC. The reporting person is the sole manager of, and may be deemed to beneficially own securities owned by, Gorda Sound, LLC. The reporting person disclaims beneficial ownership of the Common Units owned by Gorda Sound, LLC except to the extent of his pecuniary interest therein.
  • [F12]These securities are owned directly by Oil Nut Bay Royalties, LP. Oil Nut Bay, LLC is the general partner of, and may be deemed to beneficially own securities owned by, Oil Nut Bay Royalties, LP. The reporting person is the sole manager of, and may be deemed to beneficially own securities owned by, Oil Nut Bay, LLC. Each of the reporting person and Oil Nut Bay, LLC disclaims beneficial ownership of the Common Units owned by Oil Nut Bay Royalties, LP except to the extent of his and its pecuniary interest therein.
  • [F13]These securities are owned directly by Oil Nut Bay, LLC. The reporting person is the sole manager of, and may be deemed to beneficially own securities owned by, Oil Nut Bay, LLC. The reporting person disclaims beneficial ownership of the Common Units owned by Oil Nut Bay, LLC except to the extent of his pecuniary interest therein.
  • [F14]These securities are owned directly by Trunk Bay Royalty Partners, Ltd. Trunk Bay, LLC is the general partner of, and may be deemed to beneficially own securities owned by, Trunk Bay Royalty Partners, Ltd. The reporting person is the sole manager of, and may be deemed to beneficially own securities owned by, Trunk Bay, LLC. Each of the reporting person and Trunk Bay, LLC disclaims beneficial ownership of the Common Units owned by Trunk Bay Royalty Partners, Ltd. except to the extent of his and its pecuniary interest therein.
  • [F15]These securities are owned directly by Trunk Bay, LLC. The reporting person is the sole manager of, and may be deemed to beneficially own securities owned by, Trunk Bay, LLC. The reporting person disclaims beneficial ownership of the Common Units owned by Trunk Bay, LLC except to the extent of his pecuniary interest therein.
  • [F2]Includes Common Units that were received from each of (i) Bitter End Royalties, LP as a result of a distribution of Common Units by Bitter End Royalties, LP on a pro rata basis to its partners, (ii) Gorda Sound Royalties, L.P. as a result of a distribution of Common Units by Gorda Sound Royalties, L.P. on a pro rata basis to its partners, (iii) Oil Nut Bay Royalties, LP as a result of a distribution of Common Units by Oil Nut Bay Royalties, LP on a pro rata basis to its partners, and (iv) Trunk Bay Royalty Partners, Ltd. as a result of a distribution of Common Units by Trunk Bay Royalty Partners, Ltd. on a pro rata basis to its partners (collectively, the "BVI Distributions").
  • [F3]The acquisition of Common Units in each of the BVI Distributions constituted a change in the form of beneficial ownership without a change in pecuniary interest that is exempt from Section 16 of the Exchange Act pursuant to Rule 16a-13 thereunder. Rule 16a-9(a) under the Exchange Act may also exempt the acquisition of Common Units in each of the BVI Distributions from Section 16 of the Exchange Act.
  • [F4]This Form 4 is being filed by Mr. Duncan concurrently with another Form 4 filing by Bitter End Royalties, LP, Bitter End, LLC, Eagle Minerals LP, Eagle Management, LLC, Gorda Sound Royalties, L.P., Gorda Sound, LLC, Oil Nut Bay Royalties, LP, Oil Nut Bay, LLC, Trunk Bay Royalty Partners, Ltd. and Trunk Bay, LLC (collectively, the "Entity Filers"). Because the electronic filing system of the Securities and Exchange Commission does not accept CIK and CCC codes from more than ten joint filers of a report, Mr. Duncan and the Entity Filers have filed separate reports that each relate to and report the Common Units described herein and therein.
  • [F5]Includes Common Units that were received by GSEF, LLC from Gorda Sound Royalties, L.P. as a result of a distribution of Common Units by Gorda Sound Royalties, L.P. on a pro rata basis to its partners (the "Gorda Sound Distribution"). The acquisition of Common Units by GSEF, LLC in the Gorda Sound Distribution constituted a change in the form of beneficial ownership without a change in pecuniary interest that is exempt from Section 16 of the Exchange Act pursuant to Rule 16a-13 thereunder. Rule 16a-9(a) under the Exchange Act may also exempt the acquisition of Common Units by GSEF, LLC in the Gorda Sound Distribution from Section 16 of the Exchange Act.
  • [F6]These securities are owned directly by GSEF, LLC. The reporting person is the sole manager of, and may be deemed to beneficially own securities owned by, GSEF, LLC. The reporting person disclaims beneficial ownership of the Common Units owned by GSEF, LLC except to the extent of his pecuniary interest therein.
  • [F7]These securities are owned directly by Bitter End Royalties, LP. Bitter End, LLC is the general partner of, and may be deemed to beneficially own securities owned by, Bitter End Royalties, LP. The reporting person is the sole manager of, and may be deemed to beneficially own securities owned by, Bitter End, LLC. Each of the reporting person and Bitter End, LLC disclaims beneficial ownership of the Common Units owned by Bitter End Royalties, LP except to the extent of his and its pecuniary interest therein.
  • [F8]These securities are owned directly by Bitter End, LLC. The reporting person is the sole manager of, and may be deemed to beneficially own securities owned by, Bitter End, LLC. The reporting person disclaims beneficial ownership of the Common Units owned by Bitter End, LLC except to the extent of his pecuniary interest therein.
  • [F9]These securities are owned directly by Eagle Minerals LP. Eagle Management, LLC is the general partner of, and may be deemed to beneficially own securities owned by, Eagle Minerals LP. The reporting person is the sole member of, and may be deemed to beneficially own securities owned by, Eagle Management, LLC. Each of the reporting person and Eagle Management, LLC disclaims beneficial ownership of the Common Units owned by Eagle Minerals LP except to the extent of his and its pecuniary interest therein.

Documents

1 file

Issuer

Kimbell Royalty Partners, LP

CIK 0001657788

→
Entity typeother

Related Parties

1
  • filerCIK 0001695238

Filing Metadata

Form type
4
Filed
Aug 15, 8:00 PM ET
Accepted
Aug 16, 4:51 PM ET
Size
20.9 KB
View on SEC.gov