SEC Form 4 · accession 0001140361-16-078774
NATURAL RESOURCE PARTNERS LP · NRP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Corbin J Robertson III
Director
Period of report
Aug 31, 2016
Accepted (ET)
Sep 2, 2016 · 5:05 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 UnitsF1,F3 | Aug 31, 2016 | J | 46,893 | $0.00 | A | 194,815 | D | |
| Common UnitsF1,F4 | Aug 31, 2016 | J | 14,617 | $0.00 | A | 19,663 | I | By The Corbin James Robertson III 2009 Family Trust |
| Common UnitsF1,F5 | holding | — | — | — | 39 | I | By Spouse | |
| Common UnitsF1,F6 | holding | — | — | — | 9,783 | I | By CIII Capital Management, LLC | |
| Common UnitsF1,F7 | holding | — | — | — | 10,000 | I | By BHJ Investments, L.P. |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom UnitsF8,F9,F10 | — | holding | — | — | — | Feb 13, 2017 | Feb 13, 2017 | Common Units | 370 | 370 | D |
| Phantom UnitsF8,F9,F10 | — | holding | — | — | — | Feb 12, 2018 | Feb 12, 2018 | Common Units | 389 | 389 | D |
| Phantom UnitsF8,F9,F10 | — | holding | — | — | — | Feb 11, 2019 | Feb 11, 2019 | Common Units | 410 | 410 | D |
Explanation of responses
- F1All units reported on this Form 4 have been adjusted to reflect the 1-for-10 reverse unit split that was effective February 18, 2016.
- F10The 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.
- F2These common units were received as a liquidating distribution of Western Bridgeport, Inc. The reporting person did not previously report beneficial ownership of these common units.
- F3Corbin J. Robertson III shares beneficial ownership of 2,397 common units with his spouse, Brooke Robertson.
- F4The beneficiary of The Corbin James Robertson III 2009 Family Trust is the family of Corbin J. Robertson III. Corbin J. Robertson III is the Trust Advisor for The Corbin James Robertson III 2009 Family Trust and may be deemed to beneficially own the common units owned by The Corbin James Robertson III 2009 Family Trust.
- F5Corbin J. Robertson III disclaims beneficial ownership of these common units, and this report shall not be deemed an admission that Corbin J. Robertson III is the beneficial owner of such common units for purposes of Section 16 or for any other purpose.
- F6Corbin J. Robertson III is the controlling Manager of CIII Capital Management, LLC and may be deemed to beneficially own the common units owned by CIII Capital Management, LLC.
- F7BHJ Investments, L.P. is a limited partnership of which the reporting person is the manager of the general partner. The limited partners of BHJ Investments, L.P. are the reporting person, his wife, and a trust formed for the benefit of the reporting person's children in which the reporting person has no pecuniary interest.
- F8The phantom units were granted to the reporting person under the issuer's long-term incentive plan.
- F9Award 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.