SCOTT W W JR 4
4 · NATURAL RESOURCE PARTNERS LP · Filed May 22, 2013
Insider Transaction Report
Form 4
SCOTT W W JR
Director
Transactions
- Exercise/Conversion
Phantom Units
2013-05-21−14,455→ 0 totalFrom: 2013-05-21Exp: 2013-05-21→ Common Units (14,455 underlying) - Exercise/Conversion
Common Units
2013-05-21+14,455→ 289,970 total - Disposition to Issuer
Common Units
2013-05-21$23.26/sh−14,455$336,223→ 275,515 total
Holdings
- 8,000(indirect: By Spouse)
Common Units
- 133,907(indirect: By Scott Riverbend Farm, Ltd.)
Common Units
Footnotes (3)
- [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. Mr. Scott retired from the Board of Directors of GP Natural Resource Partners LLC, effective May 21, 2013. The Compensation, Nominating and Governance Committee of the Board of Directors of GP Natural Resource Partners LLC decided to accelerate the vesting of all of Mr. Scott's phantom units effective upon the date of his retirement.
- [F2]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.
- [F3]The phantom units were granted to the reporting person under the issuer's long-term incentive plan.