4//SEC Filing
Kimbell Art Foundation 4
Accession 0001104659-18-074701
CIK 0001657788other
Filed
Dec 25, 7:00 PM ET
Accepted
Dec 26, 4:15 PM ET
Size
6.5 KB
Accession
0001104659-18-074701
Insider Transaction Report
Form 4
Kimbell Art Foundation
10% Owner
Transactions
- Purchase
OpCo Common Units
2018-12-20+2,181,762→ 5,135,020 total→ Common units representing limited partner interests (2,181,762 underlying)
Footnotes (2)
- [F1]Common units representing limited liability company interests ("OpCo Common Units") in Kimbell Royalty Operating, LLC (the "Operating Company"), together with an equal number of Class B common units representing limited partner interests ("Class B Units") in Kimbell Royalty Partners, LP (the "Issuer"), are exchangeable on a one-for-one basis for common units representing limited partner interests ("Common Units") in the Issuer at the discretion of the reporting person. The Issuer and the Operating Company have the option to deliver cash in lieu of Common Units upon the exercise by the reporting person of its exchange right.
- [F2]Pursuant to the terms of a Purchase and Sale Agreement, dated as of November 20, 2018, by and among the Issuer and the other parties thereto (the "Purchase Agreement"), the reporting person acquired (i) 2,181,762 OpCo Common Units and (ii) 2,181,762 Class B Units, in exchange for certain oil and gas royalty assets of the reporting person with an estimated market value of approximately $36.2 million as of the signing of the Purchase Agreement.
Documents
Issuer
Kimbell Royalty Partners, LP
CIK 0001657788
Entity typeother
IncorporatedTX
Related Parties
1- filerCIK 0001695451
Filing Metadata
- Form type
- 4
- Filed
- Dec 25, 7:00 PM ET
- Accepted
- Dec 26, 4:15 PM ET
- Size
- 6.5 KB