SEC Form 4 · accession 0001104659-18-072353
Kimbell Royalty Partners, LP · KRP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert D. Ravnaas
Officer — Chief Executive Officer · Director
Period of report
Dec 7, 2018
Accepted (ET)
Dec 11, 2018 · 4:01 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 | Dec 7, 2018 | A | 155,000 | $0.00 | A | 341,451 | D | |
| Common units representing limited partner interestsF3 | holding | — | — | — | 42,209 | I | See footnote | |
| Common units representing limited partner interestsF4 | holding | — | — | — | 37,143 | I | See footnote | |
| Common units representing limited partner interestsF5 | holding | — | — | — | 35,034 | I | See footnote | |
| Common units representing limited partner interestsF6 | holding | — | — | — | 10,000 | I | See footnote | |
| Common units representing limited partner interestsF7 | holding | — | — | — | 1,368 | I | See footnote |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1These common units representing limited partner interests (the "Common Units") in Kimbell Royalty Partners, LP include (a) 30,333 Common Units received in a pro rata distribution from Chisholm Minerals to its general partners and (b) 63,896 Common Units received in a pro rata distribution from Trinity Minerals to its general partners. Such Common Units were previously reported as being held indirectly by the reporting person through Chisholm Minerals and Trinity Minerals but are now held directly by the reporting person.
- F2Of this amount, 23,588 Common Units were previously included in the reporting person's Forms 4 as indirectly beneficially owned through the reporting person's partnership interest in Trinity Minerals. This inclusion was due to an error in calculating the number of Common Units received by Trinity Minerals in connection with the closing of the initial public offering of Kimbell Royalty Partners, LP that were attributable to participation interests in certain of the assets contributed by Trinity Minerals to Kimbell Royalty Partners, LP pursuant to the Contribution, Conveyance, Assignment and Assumption Agreement, dated as of December 20, 2016. Such Common Units are not included in this Form 4.
- F3These Common Units are owned directly by Westside Energy, LLC. The reporting person is the manager and a member of Westside Energy, LLC.
- F4These Common Units are owned directly by RDR Ventures, LLC, and include (a) 20,160 Common Units received in a pro rata distribution from Caprock Minerals to its general partners and (b) 16,984 Common Units received in a pro rata distribution from Fort Worth Minerals to its general partners. Such Common Units were previously reported as being held indirectly by the reporting person through Caprock Minerals and Fort Worth Minerals but are now held directly by the RDR Ventures, LLC. The reporting person is the manager and a member of Westside Energy, LLC, the manager of RDR Ventures, LLC.
- F5These Common Units are owned directly by Brazos Minerals, L.L.C. The reporting person is a member of Brazos Minerals, L.L.C.
- F6These Common Units are owned directly by Kimbell GP Holdings, LLC. Previously, these Common Units were reported as being held directly by the reporting person. The Common Units were assigned by the reporting person to Kimbell GP Holdings, LLC in connection with a previously announced recapitalization of Kimbell Royalty Partners, LP. The reporting person is the sole member of Rochelle Royalties, LLC, a member of Kimbell GP Holdings, LLC.
- F7These Common Units are owned directly by Princeton Royalties, LLC. The reporting person is the manager and a member of Westside Energy, LLC, a member of Princeton Royalties, LLC.