S. Reed Morian - 23 Feb 2022 Form 4 Insider Report for NATURAL RESOURCE PARTNERS LP (NRP)

Role
Director
Signature
/s/ S. Reed Morian
Issuer symbol
NRP
Transactions as of
23 Feb 2022
Net transactions value
$0
Form type
4
Filing time
25 Feb 2022, 15:25:14 UTC
Previous filing
17 Feb 2022
Next filing
03 Feb 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NRP Common Units Options Exercise +6,077 +2.8% 226,561 23 Feb 2022 Direct F1
holding NRP Common Units 344,863 23 Feb 2022 By Shadder Investments
holding NRP Common Units 60,097 23 Feb 2022 By Mocol Properties

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 +6,077 0 23 Feb 2022 Common Units 6,077 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.