4//SEC Filing
Rhino Resource Partners LP 4
Accession 0001493152-17-000249
CIK 0001490630operating
Filed
Jan 8, 7:00 PM ET
Accepted
Jan 9, 6:18 AM ET
Size
10.0 KB
Accession
0001493152-17-000249
Insider Transaction Report
Form 4
Royal Energy Resources, Inc.
10% Owner
Transactions
- Purchase
Series A Convertible Preferred Units
2016-12-30$10.00/sh+200,000$2,000,000→ 200,000 total→ Common Units
TUORTO WILLIAM L
Director10% Owner
Transactions
- Purchase
Series A Convertible Preferred Units
2016-12-30$10.00/sh+200,000$2,000,000→ 200,000 total→ Common Units
HUGHS BRIAN
Director10% Owner
Transactions
- Purchase
Series A Convertible Preferred Units
2016-12-30$10.00/sh+200,000$2,000,000→ 200,000 total→ Common Units
Footnotes (3)
- [F1]This form is jointly filed by Royal Energy Resources, Inc. ("Royal Energy"), William L. Tourto and Brian Hughs.
- [F2]Common units shown as beneficially owned by Royal Energy, William L. Tuorto and Brian Hughs reflect common units owned of record by Royal Energy. Messrs. Tuorto and Hughs, as the controlling persons of Royal Energy, may be deemed to share beneficial ownership of any units beneficially owned by Royal Energy, but disclaim such beneficial ownership.
- [F3]The issuer has the option to convert the outstanding Series A Preferred Units at any time on or after the time at which the amount of aggregate distributions paid in respect of each Series A Preferred Unit exceeds $10.00 per unit. Each Series A Preferred Unit will convert into a number of common units equal to the quotient (the "Series A Conversion Ratio") of (i) the sum of $10.00 and any unpaid distributions in respect of such Series A Preferred Unit divided by (ii) 75% of the volume-weighted average closing price of the common units for the preceding 90 trading days (the "VWAP"); provided however, that the VWAP will be capped at a minimum of $2.00 and a maximum of $10.00. On December 31, 2021, all outstanding Series A Preferred Units will convert into common units at the then applicable Series A Conversion Ratio.
Documents
Issuer
Rhino Resource Partners LP
CIK 0001490630
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0001490630
Filing Metadata
- Form type
- 4
- Filed
- Jan 8, 7:00 PM ET
- Accepted
- Jan 9, 6:18 AM ET
- Size
- 10.0 KB