SEC Form 4 · accession 0001567619-19-003294
NATURAL RESOURCE PARTNERS LP · NRP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Russell D. Gordy
Director
Period of report
Feb 11, 2019
Accepted (ET)
Feb 12, 2019 · 4:43 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 UnitsF1 | Feb 11, 2019 | M | 410 | — | A | 2,809 | D | |
| Common UnitsF1 | Feb 11, 2019 | D | 410 | $38.22 | D | 2,399 | D | |
| Common UnitsF2 | holding | — | — | — | 5,000 | I | By Minion Trail, Ltd. | |
| Common UnitsF3 | holding | — | — | — | 2,000 | I | By Rock Creek Ranch I, Ltd. |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom UnitsF1 | — | Feb 11, 2019 | M | 410 | D | Feb 11, 2019 | Feb 11, 2019 | Common Units | 410 | 0 | D |
Explanation of responses
- 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.
- F2Gordy Oil Company is the general partner of Minion Trail, LTD. Mr. Gordy is the President and sole stockholder of Gordy Oil Company.
- F3Mr. Gordy, together with his wife, Glenda J. Gordy, owns a majority interest in Rock Creek Ranch I, Ltd. The remaining portion is owned by his adult children.