SEC Form 3 · accession 0001493152-18-016800
Rhino Resource Partners LP · RHNO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Lazaros Nikeas
Director
Period of report
Nov 4, 2018
Accepted (ET)
Nov 28, 2018 · 4:37 pm EST
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 | holding | — | — | — | 7,776 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Series A Preferred UnitsF1 | — | holding | — | — | — | — | — | Common Units | 1,500,000 | — | I |
Explanation of responses
- F1On the earlier of (i) December 31, 2021, or (ii), at the Partnership's option, any date after which the distributions paid in respect of each Series A Preferred Unit exceeds $10.00, each Series A Preferred Unit will convert into a number of common units equal to the quotient of (i) the sum of $10.00 and any unpaid distributions in respect of such Series A Preferred Unit divided by (ii) 75% of the volume-weighted average closing price of the common units for the preceding 90 trading days (the "VWAP"); provided however, that the VWAP will be capped at a minimum of $2.00 and a maximum of $10.00.