NATURAL RESOURCE PARTNERS LP 4
4 · NATURAL RESOURCE PARTNERS LP · Filed Feb 17, 2016
Insider Transaction Report
Form 4
KARN ROBERT B III
Director
Transactions
- Exercise/Conversion
Common Units
2016-02-14+3,700→ 8,700 total - Disposition to Issuer
Common Units
2016-02-14$1.03/sh−3,700$3,826→ 5,000 total - Exercise/Conversion
Phantom Units
2016-02-14−3,700→ 0 totalFrom: 2016-02-14Exp: 2016-02-14→ Common Units (3,700 underlying)
Holdings
- 317(indirect: By Trust)
Common Units
- 3,700
Phantom Units
From: 2017-02-13Exp: 2017-02-13→ Common Units (3,700 underlying) - 4,100
Phantom Units
From: 2019-02-11Exp: 2019-02-11→ Common Units (4,100 underlying) - 317(indirect: By Trust)
Common Units
- 3,885
Phantom Units
From: 2018-02-12Exp: 2018-02-12→ Common Units (3,885 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. Karn disclaims beneficial ownership of these securities.
- [F3]The phantom units were originally 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 preceding 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.