NATURAL RESOURCE PARTNERS LP 4
4 · NATURAL RESOURCE PARTNERS LP · Filed Feb 17, 2016
Insider Transaction Report
Form 4
Gordy Russell D.
Director
Transactions
- Exercise/Conversion
Phantom Units
2016-02-14−3,700→ 0 totalFrom: 2016-02-14Exp: 2016-02-14→ Common Units (3,700 underlying) - Exercise/Conversion
Common Units
2016-02-14+3,700→ 3,700 total - Disposition to Issuer
Common Units
2016-02-14$1.03/sh−3,700$3,826→ 0 total
Holdings
- 50,000(indirect: By Minion Trail, Ltd.)
Common Units
- 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) - 4,100
Phantom Units
From: 2019-02-11Exp: 2019-02-11→ Common Units (4,100 underlying) - 20,000(indirect: By Rock Creek Ranch I, Ltd.)
Common Units
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.