SMITH STEPHEN P 4
4 · NATURAL RESOURCE PARTNERS LP · Filed Feb 12, 2019
Insider Transaction Report
Form 4
SMITH STEPHEN P
Director
Transactions
- Exercise/Conversion
Common Units
2019-02-11+410→ 765 total - Disposition to Issuer
Common Units
2019-02-11$38.22/sh−410$15,670→ 355 total - Exercise/Conversion
Phantom Units
2019-02-11−410→ 0 totalFrom: 2019-02-11Exp: 2019-02-11→ Common Units (410 underlying)
Holdings
- 2,399
Phantom Units
→ Common Units (2,399 underlying)
Footnotes (2)
- [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]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.