NATURAL RESOURCE PARTNERS LP 4
4 · NATURAL RESOURCE PARTNERS LP · Filed Feb 15, 2017
Insider Transaction Report
Form 4
KARN ROBERT B III
Director
Transactions
- Exercise/Conversion
Common Units
2017-02-13+370→ 870 total - Exercise/Conversion
Phantom Units
2017-02-13−370→ 0 totalFrom: 2017-02-13Exp: 2017-02-13→ Common Units (370 underlying) - Disposition to Issuer
Common Units
2017-02-13$36.54/sh−370$13,519→ 500 total
Holdings
- 389
Phantom Units
From: 2018-02-12Exp: 2018-02-12→ Common Units (389 underlying) - 410
Phantom Units
From: 2019-02-11Exp: 2019-02-11→ Common Units (410 underlying)
Footnotes (5)
- [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, together with accrued distribution equivalent rights.
- [F2]The phantom units were originally granted to the reporting person under the issuer's long term incentive plan. All phantom unit numbers have been adjusted to reflect the issuer's 1-for-10 reverse unit split completed in February 2016.
- [F3]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.
- [F4]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.
- [F5]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, together with accrued distribution equivalent rights.