SEC Form 4 · accession 0001104659-17-052983
Kimbell Royalty Partners, LP · KRP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Benny D. Duncan
Director
Period of report
Aug 17, 2017
Accepted (ET)
Aug 21, 2017 · 7:43 pm EDT
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 | Aug 17, 2017 | J | 20,053 | $0.00 | D | 0 | I | See Footnote |
| Common units representing limited partner interestsF6 | Aug 18, 2017 | J | 21,589 | $0.00 | A | 21,615 | I | See Footnote |
| Common units representing limited partner interestsF6 | Aug 18, 2017 | J | 261 | $0.00 | A | 21,876 | I | See Footnote |
| Common units representing limited partner interestsF3,F4 | holding | — | — | — | 160,677 | I | See Footnote | |
| Common units representing limited partner interests | holding | — | — | — | 104,981 | D | ||
| Common units representing limited partner interests | holding | — | — | — | 2,856 | I | By children of Mr. Duncan | |
| Common units representing limited partner interestsF8 | holding | — | — | — | 1,837 | I | By GSEF, LLC | |
| Common units representing limited partner interestsF9 | holding | — | — | — | 3,769 | I | See Footnote | |
| Common units representing limited partner interestsF10 | holding | — | — | — | 168 | I | See Footnote | |
| Common units representing limited partner interestsF11 | holding | — | — | — | 19 | I | See Footnote | |
| Common units representing limited partner interestsF12 | holding | — | — | — | 654 | I | See Footnote | |
| Common units representing limited partner interestsF13 | holding | — | — | — | 7,386 | I | See Footnote | |
| Common units representing limited partner interestsF14 | holding | — | — | — | 9,913 | I | See Footnote |
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 distributed by Eagle Minerals LP on a pro rata basis to its sole limited partner (the "Eagle Minerals Distribution").
- F10These securities are owned directly by Bitter End, LLC. The reporting person is the sole manager of, and may be deemed to beneficially own securities owned by, Bitter End, LLC. The reporting person disclaims beneficial ownership of the Common Units owned by Bitter End, LLC except to the extent of his pecuniary interest therein.
- F11These securities are owned directly by Gorda Sound Royalties, L.P. Gorda Sound, LLC is the general partner of, and may be deemed to beneficially own securities owned by, Gorda Sound Royalties, L.P. The reporting person is the sole manager of, and may be deemed to beneficially own securities owned by, Gorda Sound, LLC. 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.
- F12These securities are owned directly by Gorda Sound, LLC. The reporting person is the sole manager of, and may be deemed to beneficially own securities owned by, Gorda Sound, LLC. The reporting person disclaims beneficial ownership of the Common Units owned by Gorda Sound, LLC except to the extent of his pecuniary interest therein.
- F13These securities are owned directly by Oil Nut Bay, LLC. The reporting person is the sole manager of, and may be deemed to beneficially own securities owned by, Oil Nut Bay, LLC. The reporting person disclaims beneficial ownership of the Common Units owned by Oil Nut Bay, LLC except to the extent of his pecuniary interest therein.
- F14These securities are owned directly by Trunk Bay, LLC. The reporting person is the sole manager of, and may be deemed to beneficially own securities owned by, Trunk Bay, LLC. The reporting person disclaims beneficial ownership of the Common Units owned by Trunk Bay, LLC except to the extent of his pecuniary interest therein.
- F2Represents securities owned directly by Eagle Minerals LP.
- F3Includes Common Units received by Trunk Bay Royalty Partners, Ltd. from Eagle Minerals, LP as a result of the Eagle Minerals Distribution. The acquisition of Common Units by Trunk Bay Royalty Partners, Ltd. in the Eagle Minerals Distribution constituted a change in the form of beneficial ownership without a change in pecuniary interest that is exempt from Section 16 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), pursuant to Rule 16a-13 thereunder. Rule 16a-9(a) under the Exchange Act may also exempt the acquisition of Common Units by Trunk Bay Royalty Partners, Ltd. in the Eagle Minerals Distribution from Section 16 of the Exchange Act.
- F4These securities are owned directly by Trunk Bay Royalty Partners, Ltd. Trunk Bay, LLC is the general partner of, and may be deemed to beneficially own securities owned by, Trunk Bay Royalty Partners, Ltd. The reporting person is the sole manager of, and may be deemed to beneficially own securities owned by, Trunk Bay, LLC. 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.
- F5Represents Common Units received in connection with a pro rata distribution by an independent partnership, of which Oil Nut Bay Royalties, LP is a limited partner, to its partners.
- F6These securities are owned directly by Oil Nut Bay Royalties, LP. Oil Nut Bay, LLC is the general partner of, and may be deemed to beneficially own securities owned by, Oil Nut Bay Royalties, LP. The reporting person is the sole manager of, and may be deemed to beneficially own securities owned by, Oil Nut Bay, LLC. 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.
- F7Represents Common Units received in connection with a pro rata distribution by an independent investment vehicle, of which Oil Nut Bay Royalties, LP holds an interest, to its members.
- F8These securities are owned directly by GSEF, LLC. The reporting person is the sole manager of, and may be deemed to beneficially own securities owned by, GSEF, LLC. The reporting person disclaims beneficial ownership of the Common Units owned by GSEF, LLC except to the extent of his pecuniary interest therein.
- F9These securities are owned directly by Bitter End Royalties, LP. Bitter End, LLC is the general partner of, and may be deemed to beneficially own securities owned by, Bitter End Royalties, LP. The reporting person is the sole manager of, and may be deemed to beneficially own securities owned by, Bitter End, LLC. 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.