SEC Form 4 · accession 0001140361-18-008244

NATURAL RESOURCE PARTNERS LP · NRP

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

Reporting owner

Officer — EVP - Coal

Period of report

Feb 12, 2018

Accepted (ET)

Feb 14, 2018 · 4:53 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 12, 2018	M	945	—	A	1,895	D
Common Units^F1	Feb 12, 2018	D	945	$31.6875	D	950	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Phantom Units^F1	—	Feb 12, 2018	M	945	D	Feb 12, 2018	Feb 12, 2018	Common Units	945	0	D
Phantom Units^F4	—	Feb 14, 2018	A	4,990	A	Feb 14, 2021	Feb 14, 2021	Common Units	4,990	4,990	D
Phantom Units^F2,F3	—	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.
F2These 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.
F4Represents phantom units awarded under the issuer's 2017 Long-Term Incentive Plan. Each phantom unit represents the right to receive one common unit upon vesting and includes the right to receive 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 in cash upon vesting.