Zatezalo David G 4
4 · Rhino Resource Partners LP · Filed Oct 12, 2011
Insider Transaction Report
Form 4
Zatezalo David G
DirectorPresident and CEO
Transactions
- Exercise/Conversion
Phantom Units with DERs
2011-10-07−12,195→ 48,781 totalFrom: 2011-10-07Exp: 2011-10-07→ Common units (12,195 underlying) - Exercise/Conversion
Common Units representing limited partner interests
2011-10-07+12,195→ 20,479 total(indirect: See Footnote) - Tax Payment
Common Units representing limited partner interests
2011-10-07$17.95/sh−3,373$60,545→ 17,106 total(indirect: See Footnote)
Footnotes (3)
- [F1]Each Phantom Unit is the economic equivalent of one common unit representing a limited partner interest in Rhino Resource Partners LP (the "Partnership") and is accompanied by a Distribution Equivalent Right entitling the holder to an amount of cash equal to the value of any cash distributions paid on each of the Partnership's common units during the period in which the Phantom Unit is held. One-sixth of the Phantom Units vests every six months, beginning with the six-month anniversary of the date of the grant. On October 7, 2011, 12,195 of the reporting person's phantom units were settled for an equal number of common units of the Partnership.
- [F2]100 of the common units reflected as beneficially owned by the reporting person were purchased by the reporting person's son. The reporting person disclaims beneficial ownership of the units held by his son, and this report should not be deemed an admission that the reporting person is the beneficial owner of his son's units for purposes of Section 16 or any other purpose. The remainder of common units reflected as beneficially owned by the reporting person are held directly.
- [F3]Represents common units withheld pursuant to a mandatory tax withholding obligation.