SEC Form 4 · accession 0001140361-17-007850

NATURAL RESOURCE PARTNERS LP · NRP

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

Reporting owner

Officer — VP, Gen Counsel & Secretary

Period of report

Feb 13, 2017

Accepted (ET)

Feb 15, 2017 · 7:33 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	650	—	A	650	D
Common Units^F1	Feb 13, 2017	D	650	$36.5375	D	0	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Phantom Units^F2,F5	—	Feb 13, 2017	M	650	D	Feb 13, 2017	Feb 13, 2017	Common Units	650	0	D
Phantom Units^F2,F3,F4	—	holding	—	—	—	Feb 12, 2018	Feb 12, 2018	Common Units	683	683	D
Phantom Units^F2,F3,F4	—	holding	—	—	—	Feb 11, 2019	Feb 11, 2019	Common Units	950	950	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.
F2The 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.
F3The 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.
F4Award 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.
F5As 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.