SEC Form 4 · accession 0001104659-17-007844
Kimbell Royalty Partners, LP · KRP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Benny D. Duncan
Director · 10% Owner
Period of report
Feb 8, 2017
Accepted (ET)
Feb 9, 2017 · 4:42 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001657788
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,F2,F3 | Feb 8, 2017 | P$0 | 18,709 | — | A | 18,709 | I | See footnotes |
| Common units representing limited partner interestsF1,F2,F4 | Feb 8, 2017 | P$0 | 20,053 | — | A | 20,053 | I | See footnotes |
| Common units representing limited partner interestsF1,F2,F5 | Feb 8, 2017 | P$0 | 122,472 | — | A | 122,472 | I | See footnotes |
| Common units representing limited partner interestsF1,F2,F6 | Feb 8, 2017 | P$0 | 738,610 | — | A | 738,610 | I | See footnotes |
| Common units representing limited partner interestsF1,F2,F7 | Feb 8, 2017 | P$0 | 1,050,889 | — | A | 1,050,889 | I | See footnotes |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Such common units representing limited partner interests (the "Common Units") in Kimbell Royalty Partners, LP (the "Issuer") were received in connection with the closing of the initial public offering of the Common Units in exchange for the contribution of certain assets to the Issuer, pursuant to that certain Contribution, Conveyance, Assignment and Assumption Agreement, dated as of December 20, 2016, by and between the Issuer, Bitter End, LLC, Bitter End Royalties, LP, Eagle Management, LLC, Eagle Minerals LP, Gorda Sound, LLC, Gorda Sound Royalties, L.P., Oil Nut Bay, LLC, Oil Nut Bay Royalties, LP, Trunk Bay, LLC, Trunk Bay Royalty Partners, Ltd. and the other parties thereto.
- F2This Form 4 is being filed concurrently with a certain Form 3 filing by Bitter End Royalties, LP, Bitter End, LLC, Eagle Minerals LP, Eagle Management, LLC, Gorda Sound Royalties, L.P., Gorda Sound, LLC, Oil Nut Bay Royalties, LP, Oil Nut Bay, LLC, Trunk Bay Royalty Partners, Ltd. and Trunk Bay, LLC (collectively, the "Entity Filers"). Because the electronic filing system of the Securities and Exchange Commission does not accept CIK and CCC codes from more than ten joint filers of a report, Benny D. Duncan and the Entity Filers have filed separate reports that each relate to the transaction described in footnote 1.
- F3These securities are owned directly by Bitter End Royalties, LP. The reporting person is the sole manager of Bitter End, LLC, the general partner of Bitter End Royalties, LP. Each of the reporting person and Bitter End, LLC disclaims beneficial ownership of the Common Units owned by Bitter End Royalties, LP except to the extent of his and its pecuniary interest therein.
- F4These securities are owned directly by Eagle Minerals LP. The reporting person is the sole member of Eagle Management, LLC, the general partner of Eagle Minerals LP. Each of the reporting person and Eagle Management, LLC disclaims beneficial ownership of the Common Units owned by Eagle Minerals LP except to the extent of his and its pecuniary interest therein.
- F5These securities are owned directly by Gorda Sound Royalties, L.P. The reporting person is the sole manager of Gorda Sound, LLC, the general partner of Gorda Sound Royalties, L.P. Each of the reporting person and Gorda Sound, LLC disclaims beneficial ownership of the Common Units owned by Gorda Sound Royalties, L.P. except to the extent of his and its pecuniary interest therein.
- F6These securities are owned directly by Oil Nut Bay Royalties, LP. The reporting person is the sole manager of Oil Nut Bay, LLC, the general partner of Oil Nut Bay Royalties, LP. Each of the reporting person and Oil Nut Bay, LLC disclaims beneficial ownership of the Common Units owned by Oil Nut Bay Royalties, LP except to the extent of his and its pecuniary interest therein.
- F7These securities are owned directly by Trunk Bay Royalty Partners, Ltd. The reporting person is the sole manager of Trunk Bay, LLC, the general partner of Trunk Bay Royalty Partners, Ltd. Each of the reporting person and Trunk Bay, LLC disclaims beneficial ownership of the Common Units owned by Trunk Bay Royalty Partners, Ltd. except to the extent of his and its pecuniary interest therein.