NATURAL RESOURCE PARTNERS LP 4
4 · NATURAL RESOURCE PARTNERS LP · Filed Feb 15, 2017
Insider Transaction Report
Form 4
Gordy Russell D.
Director
Transactions
- Disposition to Issuer
Common Units
2017-02-13$36.54/sh−370$13,519→ 0 total - Exercise/Conversion
Phantom Units
2017-02-13−370→ 0 totalFrom: 2017-02-13Exp: 2017-02-13→ Common Units (370 underlying) - Exercise/Conversion
Common Units
2017-02-13+370→ 370 total
Holdings
- 2,000(indirect: By Rock Creek Ranch I, Ltd.)
Common Units
- 410
Phantom Units
From: 2019-02-11Exp: 2019-02-11→ Common Units (410 underlying) - 5,000(indirect: By Minion Trail, Ltd.)
Common Units
- 389
Phantom Units
From: 2018-02-12Exp: 2018-02-12→ Common Units (389 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, together with accrued distribution equivalent rights.
- [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. All phantom unit numbers have been adjusted to reflect the issuer's 1-for-10 reverse unit split completed in February 2016.
- [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, together with accrued distribution equivalent rights.