SEC Form 4 · accession 0001140361-15-006029
NATURAL RESOURCE PARTNERS LP · NRP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Craig W Nunez
Officer — CFO and Treasurer
Period of report
Feb 11, 2015
Accepted (ET)
Feb 12, 2015 · 5:06 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001171486
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom UnitsF1,F2,F3 | — | Feb 11, 2015 | A | 11,000 | A | Feb 14, 2016 | Feb 14, 2016 | Common Units | 11,000 | 11,000 | D |
| Phantom UnitsF1,F2,F3 | — | Feb 11, 2015 | A | 12,000 | A | Feb 13, 2017 | Feb 13, 2017 | Common Units | 12,000 | 12,000 | D |
| Phantom UnitsF1,F2,F3 | — | Feb 11, 2015 | A | 13,000 | A | Feb 12, 2018 | Feb 12, 2018 | Common Units | 13,000 | 13,000 | D |
| Phantom UnitsF1,F2,F3 | — | Feb 11, 2015 | A | 14,000 | A | Feb 11, 2019 | Feb 11, 2019 | Common Units | 14,000 | 14,000 | D |
Explanation of responses
- F1The phantom units were originally granted to the reporting person under the issuer's long term incentive plan.
- F2The 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.
- F3Award 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.