NATURAL RESOURCE PARTNERS LP 4
4 · NATURAL RESOURCE PARTNERS LP · Filed Feb 12, 2015
Insider Transaction Report
Form 4
Gordy Russell D.
Director
Transactions
- Exercise/Conversion
Common Units
2015-02-10+3,580→ 3,580 total - Disposition to Issuer
Common Units
2015-02-10$8.95/sh−3,580$32,043→ 0 total - Exercise/Conversion
Phantom Units
2015-02-10−3,580→ 0 totalFrom: 2015-02-10Exp: 2015-02-10→ Common Units (3,580 underlying) - Award
Phantom Units
2015-02-11+4,100→ 4,100 totalFrom: 2019-02-11Exp: 2019-02-11→ Common Units (4,100 underlying)
Holdings
- 50,000(indirect: By Minion Trail, Ltd.)
Common Units
- 20,000(indirect: By Rock Creek Ranch I, Ltd.)
Common Units
- 3,700
Phantom Units
From: 2016-02-14Exp: 2016-02-14→ Common Units (3,700 underlying) - 3,700
Phantom Units
From: 2017-02-13Exp: 2017-02-13→ Common Units (3,700 underlying) - 3,885
Phantom Units
From: 2018-02-12Exp: 2018-02-12→ Common Units (3,885 underlying)
Footnotes (7)
- [F1]The common units were deemed to have been purchased and sold on the date of vesting of the phantom units listed in Table II, which were paid in cash on a one for one basis based on the average closing price of the common units for the 20 trading days immediately preceding the date of vesting.
- [F2]Gordy Oil Company is the general partner of Minion Trail, Ltd. Mr. Gordy is the President and sole stockholder of Gordy Oil Company.
- [F3]Mr. Gordy, together with his wife, Glenda J. Gordy, owns a majority interest in Rock Creek Ranch I, Ltd. The remaining portion is owned by his adult children.
- [F4]The phantom units were granted to the reporting person under the issuer's long term incentive plan.
- [F5]The phantom units will be paid in cash based on the average closing price of the common units for the 20 trading days immediately preceding the date of vesting.
- [F6]Award includes tandem distribution equivalent rights pursuant to which the quarterly distributions paid by the partnership on each unit will be accrued over the vesting period and paid on vesting.
- [F7]As described in Footnote 1, upon vesting, the phantom units were paid in cash on a one for one basis based on the average closing price of the common units for the 20 trading days immediately preceding the date of vesting.