SEC Form 4 · accession 0001140361-17-007821

NATURAL RESOURCE PARTNERS LP · NRP

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — President & COO

Period of report

Feb 13, 2017

Accepted (ET)

Feb 15, 2017 · 7:12 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 Units^F1	Feb 13, 2017	M	1,600	—	A	2,700	D
Common Units^F1	Feb 13, 2017	D	1,600	$36.5375	D	1,100	D
Common Units^F2	holding	—	—		—	50	I	By Anna Margaret Hogan 2002 Trust
Common Units^F2	holding	—	—		—	50	I	By Alice Elizabeth Hogan 2002 Trust
Common Units^F2	holding	—	—		—	50	I	By Ellen Catlett Hogan 2005 Trust

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Phantom Units^F3,F6	—	Feb 13, 2017	M	1,600	D	Feb 13, 2017	Feb 13, 2017	Common Units	1,600	0	D
Phantom Units^F3,F4,F5	—	holding	—	—	—	Feb 12, 2018	Feb 12, 2018	Common Units	1,680	1,680	D
Phantom Units^F3,F4,F5	—	holding	—	—	—	Feb 11, 2019	Feb 11, 2019	Common Units	1,800	1,800	D

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, together with accrued distribution equivalent rights.
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. All phantom unit numbers have been adjusted to reflect the issuer's 1-for-10 reverse unit split completed in February 2016.
F4The 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.
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, together with accrued distribution equivalent rights.