SEC Form 4 · accession 0001493152-16-013888
Rhino Resource Partners LP · RHNO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William L Tuorto
Officer — Chairman & Executive Chairman · Director · 10% Owner
Period of report
Jun 1, 2016
Accepted (ET)
Oct 6, 2016 · 4:00 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 interests | Jun 1, 2016 | A | 114,155 | $2.19 | A | 125,216 | D | |
| Common Units representing limited partner interests | Jun 1, 2016 | F | 40,595 | $2.19 | D | 84,621 | D | |
| Common Units representing limited partner interests | Sep 22, 2016 | P | 500 | $2.16 | A | 85,121 | D | |
| Common Units representing limited partner interests | Sep 23, 2016 | P | 500 | $2.25 | A | 85,621 | D | |
| Common Units representing limited partner interests | Sep 27, 2016 | P | 500 | $2.0615 | A | 86,121 | D | |
| Common Units representing limited partner interests | Sep 27, 2016 | P | 500 | $2.20 | A | 86,621 | D | |
| Common Units representing limited partner interestsF2 | holding | — | — | — | 6,676,912 | I | See footnote |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Subordinated UnitsF2 | $0.00 | holding | — | — | — | — | — | Common Units | 1,060,339 | 1,060,339 | I |
Explanation of responses
- F1Representing common limited partnership Units withheld pursuant to mandatory tax withholding obligation.
- F26,676,912 common units and 1,060,339 of the subordinated units shown as beneficially owned by William Tuorto reflect common units and subordinated units owned of record by Royal Energy Resource, Inc. ("Royal"). Mr. Tuorto serves as a director of Royal and as such may be deemed to share beneficial ownership of the units beneficially owned by Royal, but disclaims such beneficial ownership to the extent such beneficial ownership exceeds its pecuniary interests. The subordinated units will convert into common units on a one-for-one basis at the times set forth in, and subject to the terms and conditions of, the issuer's Partnership Agreement.