SEC Form 4 · accession 0001104659-15-020777
Rhino Resource Partners LP · RHNO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Joseph E. Funk
Officer — CEO and President
Period of report
Feb 27, 2015
Accepted (ET)
Mar 18, 2015 · 4:25 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001490630
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Units representing limited partner interestsF1 | Feb 27, 2015 | C | 4,453 | — | A | 6,302 | D | |
| Common Units representing limited partner interests | Feb 27, 2015 | J | 740 | $2.85 | A | 7,042 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom Units with DERsF1 | — | Feb 27, 2015 | M | 1,088 | D | Feb 27, 2015 | Feb 27, 2015 | Common Units | 1,088 | 0 | D |
| Phantom Units with DERsF1 | — | Feb 27, 2015 | M | 1,375 | D | Feb 27, 2015 | Feb 27, 2015 | Common Units | 1,375 | 0 | D |
| Phantom Units with DERsF1 | — | Feb 27, 2015 | M | 1,990 | D | Feb 27, 2015 | Feb 27, 2015 | Common Units | 1,990 | 0 | D |
Explanation of responses
- F1Each Phantom Unit is the economic equivalent of one common unit representing a limited partner interest in Rhino Resource Partners LP (the "Partnership") and is accompanied by a Distribution Equivalent Right entitling the holder to an amount of cash equal to the value of any cash distributions paid on each of the Partnership's common units during the period in which the Phantom Unit is held. One-third of the Phantom Units vests annually, beginning with the one year anniversary of the date of grant. On February 27, 2015, 4,453 of the reporting person's phantom units were settled for an equal number of common units of the Partnership.
- F2Represents common units acquired with cash accumulated after taxes from the Distribution Equivalent Rights associated with the vested Phantom Units.