SEC Form 4 · accession 0001412347-17-000010
Westmoreland Resource Partners, LP · WMLP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert T Clutterbuck
Director
Period of report
Mar 2, 2017
Accepted (ET)
Mar 6, 2017 · 8:20 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001412347
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Units (representing limited partner interests)F1 | Mar 2, 2017 | M | 12,756 | $0.00 | A | 25,987 | I | in Trust |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom UnitsF2,F3 | — | Mar 2, 2017 | M | 12,756 | D | Mar 2, 2017 | — | Common Units (representing limited partner interests) | 12,756 | 0 | D |
Explanation of responses
- F1Units are held in The Robert T. Clutterbuck Trust dated August 10, 2006, for which Mr. Clutterbuck is the Trustee.
- F2Each Phantom Unit is the economic equivalent of one common unit.
- F3The phantom units do not expire. The phantom units are settled upon vesting in common units (on a one-for-one basis) or in cash, at the discretion of the Issuer.
Remarks
The Reporting Person is a director of Westmoreland Resources GP LLC, the general partner of the Issuer (the "General Partner"). The Issuer is managed by the directors and executive officers of the General Partner.