SEC Form 4 · accession 0001140361-18-008353

NATURAL RESOURCE PARTNERS LP · NRP

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

Reporting owner

Director

Period of report

Feb 12, 2018

Accepted (ET)

Feb 14, 2018 · 5:25 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
Common Units^F1	Feb 12, 2018	M	389	—	A	2,389	D
Common Units^F1	Feb 12, 2018	D	389	$31.6875	D	2,000	D
Common Units^F2	Feb 14, 2018	A	2,399	$0.00	A	4,399	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	389	D	Feb 12, 2018	Feb 12, 2018	Common Units	389	0	D
Phantom Units^F3,F4	—	holding	—	—	—	Feb 11, 2019	Feb 11, 2019	Common Units	410	410	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.
F2Common units were awarded and issued to the reporting person under the Issuer's 2017 Long-Term Incentive Plan and vested and settled in full on the issuance date.
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.