NATURAL RESOURCE PARTNERS LP 4
4 · NATURAL RESOURCE PARTNERS LP · Filed Sep 2, 2014
Insider Transaction Report
Form 4
CARTER NICK
President & COO
Transactions
- Exercise/Conversion
Phantom Units
2014-09-01−63,800→ 0 totalFrom: 2014-09-01Exp: 2014-09-01→ Common Units (63,800 underlying) - Exercise/Conversion
Common Units
2014-09-01+63,800→ 87,800 total - Disposition to Issuer
Common Units
2014-09-01$16.11/sh−63,800$1,027,818→ 24,000 total
Holdings
- 210(indirect: By Spouse)
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. Carter retired as President and COO of GP Natural Resource Partners LLC, effective September 1, 2014. 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. Carter's phantom units effective upon the date of his retirement.
- [F2]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, together with the associated distribution equivalent rights.
- [F3]The phantom units were granted to the reporting person under the issuer's long term incentive plan.