SMITH STEPHEN P 4
4 · NATURAL RESOURCE PARTNERS LP · Filed Feb 14, 2018
Insider Transaction Report
Form 4
SMITH STEPHEN P
Director
Transactions
- Exercise/Conversion
Common Units
2018-02-12+389→ 744 total - Disposition to Issuer
Common Units
2018-02-12$31.69/sh−389$12,326→ 355 total - Exercise/Conversion
Phantom Units
2018-02-12+389→ 0 totalFrom: 2018-02-12Exp: 2018-02-12→ Common Units (389 underlying) - Award
Phantom Units
2018-02-14+2,399→ 2,399 total→ Common Units (2,399 underlying)
Holdings
- 410
Phantom Units
From: 2019-02-11Exp: 2019-02-11→ Common Units (410 underlying)
Footnotes (4)
- [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]These 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.
- [F3]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.
- [F4]Phantom units were awarded and issued to the reporting person under the Issuer's 2017 Long-Term Incentive Plan. These phantom units vested on the issuance date and at the reporting person's election will settle in common units on a one-for-one-basis 90 days following the reporting person's retirement or earlier resignation from the Board of Directors of the issuer. Distribution equivalent rights will accrue and be paid in cash upon settlement.