SEC Form 4 · accession 0001140361-15-006021
NATURAL RESOURCE PARTNERS LP · NRP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Wyatt L Hogan
Officer — President
Period of report
Feb 10, 2015
Accepted (ET)
Feb 12, 2015 · 5:03 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001171486
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common UnitsF1 | Feb 10, 2015 | M | 9,000 | — | A | 20,000 | D | |
| Common UnitsF1 | Feb 10, 2015 | D | 9,000 | $8.9505 | D | 11,000 | D | |
| Common UnitsF2 | holding | — | — | — | 500 | I | By Anna Margaret Hogan 2002 Trust | |
| Common UnitsF2 | holding | — | — | — | 500 | I | By Alice Elizabeth Hogan 2002 Trust | |
| Common UnitsF2 | holding | — | — | — | 500 | I | By Ellen Catlett Hogan 2005 Trust |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom UnitsF3,F6 | — | Feb 10, 2015 | M | 9,000 | D | Feb 10, 2015 | Feb 10, 2015 | Common Units | 9,000 | 0 | D |
| Phantom UnitsF3,F4,F5 | — | Feb 11, 2015 | A | 18,000 | A | Feb 11, 2019 | Feb 11, 2019 | Common Units | 18,000 | 18,000 | D |
| Phantom UnitsF3,F4,F5 | — | Feb 11, 2015 | A | 6,000 | A | Feb 14, 2016 | Feb 14, 2016 | Common Units | 6,000 | 16,000 | D |
| Phantom UnitsF3,F4,F5 | — | Feb 11, 2015 | A | 6,000 | A | Feb 13, 2017 | Feb 13, 2017 | Common Units | 6,000 | 16,000 | D |
| Phantom UnitsF3,F4,F5 | — | Feb 11, 2015 | A | 6,300 | A | Feb 12, 2018 | Feb 12, 2018 | Common Units | 6,300 | 16,800 | D |
| Phantom UnitsF3,F4,F5 | — | holding | — | — | — | Feb 14, 2016 | Feb 14, 2016 | Common Units | 10,000 | 10,000 | D |
| Phantom UnitsF3,F4,F5 | — | holding | — | — | — | Feb 13, 2017 | Feb 13, 2017 | Common Units | 10,000 | 10,000 | D |
| Phantom UnitsF3,F4,F5 | — | holding | — | — | — | Feb 12, 2018 | Feb 12, 2018 | Common Units | 10,500 | 10,500 | D |
Explanation of responses
- F1The 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.
- F2Mr. Hogan is the trustee of the Anna Margaret Hogan 2002 Trust, the Alice Elizabeth Hogan 2002 Trust and the Ellen Catlett Hogan 2005 Trust. Mr. Hogan's children are the beneficiaries of these trusts. Mr. Hogan disclaims beneficial ownership of these securities.
- F3The phantom units were granted to the reporting person under the Issuer's long-term incentive plan.
- F4The phantom units will be paid in cash based on the average closing price of the common units for the 20 trading days immediately prior to the date of vesting.
- F5Award 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.
- F6As 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.