NATURAL RESOURCE PARTNERS LP 4
4 · NATURAL RESOURCE PARTNERS LP · Filed Feb 17, 2016
Insider Transaction Report
Form 4
HOGAN WYATT L
VP and General Counsel
Transactions
- Exercise/Conversion
Common Units
2016-02-14+16,000→ 27,000 total - Disposition to Issuer
Common Units
2016-02-14$1.03/sh−16,000$16,544→ 11,000 total - Exercise/Conversion
Phantom Units
2016-02-14−16,000→ 0 totalFrom: 2016-02-14Exp: 2016-02-14→ Common Units (16,000 underlying)
Holdings
- 500(indirect: By Trust)
Common Units
- 500(indirect: By Trust)
Common Units
- 500(indirect: By Trust)
Common Units
- 16,000
Phantom Units
From: 2017-02-13Exp: 2017-02-13→ Common Units (16,000 underlying) - 16,800
Phantom Units
From: 2018-02-12Exp: 2018-02-12→ Common Units (16,800 underlying) - 18,000
Phantom Units
From: 2019-02-11Exp: 2019-02-11→ Common Units (18,000 underlying)
Footnotes (6)
- [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.
- [F2]Mr. Hogan is the trustee of the Anna Margaret Hogan 2002 Trust, the Alice Elizabeth Hogan 2002 Trust and the Ellen Catlett Hogan 2005 Trust. Mr. Hogan's children are the beneficiaries of these trusts. Mr. Hogan disclaims beneficial ownership of these securities.
- [F3]The phantom units were granted to the reporting person under the Issuer's long-term incentive plan.
- [F4]The phantom units will be paid in cash based on the average closing price of the common units for the 20 trading days immediately prior to the date of vesting.
- [F5]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.
- [F6]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.