Corbin J. Robertson III - Feb 23, 2022 Form 4 Insider Report for NATURAL RESOURCE PARTNERS LP (NRP)

Role
Director
Signature
/s/ Corbin J. Robertson, III
Stock symbol
NRP
Transactions as of
Feb 23, 2022
Transactions value $
$0
Form type
4
Date filed
2/25/2022, 03:20 PM
Previous filing
Feb 17, 2022
Next filing
Jul 15, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NRP Common Units Options Exercise +6.08K +2.98% 210K Feb 23, 2022 Direct F1
holding NRP Common Units 19.7K Feb 23, 2022 By the Corbin James Robertson III 2009 Family Trust F2
holding NRP Common Units 39 Feb 23, 2022 By Spouse F3
holding NRP Common Units 9.78K Feb 23, 2022 By CIII Capital Management, LLC F4
holding NRP Common Units 10K Feb 23, 2022 By BHJ Investments, L.P. F5

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction NRP Phantom Units Options Exercise +6.08K 0 Feb 23, 2022 Common Units 6.08K Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Common units were issued upon conversion of phantom units representing the right to receive common units on a one-for-one basis, together with tandem distribution equivalent rights, previously awarded in February 2021. Phantom units vested on the one-year anniversary of the grant date and converted into common units on the reporting date. Accrued quarterly distributions made during the vesting period were paid in cash to the reporting person on the reporting date.
F2 The beneficiary of The Corbin James Robertson III 2009 Family Trust is the family of the reporting person. The reporting person is the Trust Advisor for the Corbin James Robertson III 2009 Family Trust and may be deemed to beneficially own the common units owned by the Corbin James Robertson III 2009 Family Trust.
F3 The reporting person disclaims beneficial ownership of these common units, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such common units.
F4 The reporting person disclaims beneficial ownership of these common units, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such common units.
F5 BHJ Investments, L.P. is a limited partnership of which the reporting person is the manager of the general partner. The limited partners of BHJ Investments, L.P. are the reporting person, his spouse, and a trust formed for the benefit of the reporting person's children in which the reporting person has no pecuniary interest.