NATURAL RESOURCE PARTNERS LP 4
4 · NATURAL RESOURCE PARTNERS LP · Filed Aug 31, 2016
Insider Transaction Report
Form 4
KARN ROBERT B III
Director
Transactions
- Disposition to Issuer
Common Units
2016-08-30$18.76/sh−32$600→ 0 total(indirect: By Trust)
Holdings
- 389
Phantom Units
From: 2018-02-12Exp: 2018-02-12→ Common Units (389 underlying) - 370
Phantom Units
From: 2017-02-13Exp: 2017-02-13→ Common Units (370 underlying) - 410
Phantom Units
From: 2019-02-11Exp: 2019-02-11→ Common Units (410 underlying) - 500
Common Units
Footnotes (5)
- [F1]All units reported on this Form 4 have been adjusted to reflect the 1-for-10 reverse unit split that was effective February 18, 2016.
- [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 and have been adjusted to reflect the 1-for-10 reverse unit split that was effective February 18, 2016.
- [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.