SEC Form 4 · accession 0001140361-15-019414
NATURAL RESOURCE PARTNERS LP · NRP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard A Navarre
Director
Period of report
May 13, 2015
Accepted (ET)
May 13, 2015 · 4:42 pm EDT
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 Units | May 13, 2015 | P | 10,000 | $4.98 | A | 10,000 | D |
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 | — | holding | — | — | — | Feb 14, 2016 | Feb 14, 2016 | Common Units | 3,700 | 3,700 | D |
| Phantom UnitsF1,F2,F3 | — | holding | — | — | — | Feb 13, 2017 | Feb 13, 2017 | Common Units | 3,700 | 3,700 | D |
| Phantom UnitsF1,F2,F3 | — | holding | — | — | — | Feb 12, 2018 | Feb 12, 2018 | Common Units | 3,885 | 3,885 | D |
| Phantom UnitsF1,F2,F3 | — | holding | — | — | — | Feb 11, 2019 | Feb 11, 2019 | Common Units | 4,100 | 4,100 | D |
Explanation of responses
- F1The phantom units were 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.