0001567619-23-003195.txt : 20230216 0001567619-23-003195.hdr.sgml : 20230216 20230216172035 ACCESSION NUMBER: 0001567619-23-003195 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20230215 FILED AS OF DATE: 20230216 DATE AS OF CHANGE: 20230216 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: ROBERTSON CORBIN J JR CENTRAL INDEX KEY: 0001194888 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-31465 FILM NUMBER: 23639417 MAIL ADDRESS: STREET 1: 601 JEFFERSON STE 3600 CITY: HOUSTON STATE: TX ZIP: 77002 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: NATURAL RESOURCE PARTNERS LP CENTRAL INDEX KEY: 0001171486 STANDARD INDUSTRIAL CLASSIFICATION: BITUMINOUS COAL & LIGNITE SURFACE MINING [1221] IRS NUMBER: 352164875 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 1201 LOUISIANA STREET, SUITE 3400 CITY: HOUSTON STATE: TX ZIP: 77002 BUSINESS PHONE: 713-751-7507 MAIL ADDRESS: STREET 1: 1201 LOUISIANA STREET, SUITE 3400 CITY: HOUSTON STATE: TX ZIP: 77002 4 1 doc1.xml FORM 4 X0306 4 2023-02-15 0 0001171486 NATURAL RESOURCE PARTNERS LP NRP 0001194888 ROBERTSON CORBIN J JR 1415 LOUISIANA STREET SUITE 2400 HOUSTON TX 77002 1 1 1 0 Chairman and CEO Common Units 2023-02-15 4 M 0 69768 A 642976 D Common Units 2023-02-15 4 F 0 24057 54.08 D 618919 D Common Units 1727986 I By Western Pocahontas Properties Limited Partnership Common Units 156000 I By NRP (GP) LP Common Units 11021 I By Western Pocahontas Corporation Common Units 5293 I By GNP Management Corporation Common Units 5234 I By Spouse Phantom Units 2023-02-15 4 M 0 23459 A Common Units 23459 0 D Phantom Units 2023-02-15 4 M 0 18234 A Common Units 18234 18235 D Phantom Units 2023-02-15 4 M 0 28075 A Common Units 28075 56152 D Common units were issued upon conversion of phantom units previously awarded under the issuer's long-term incentive plan ("LTIP") as further described in notes (6), (7) and (8) below. The general partner of Western Pocahontas Properties Limited Partnership is Western Pocahontas Corporation, a corporation controlled by the reporting person. The reporting person also holds indirect limited partner interests in Western Pocahontas Properties Limited Partnership. All the common units owned by Western Pocahontas Properties Limited Partnership are reported on this line. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein. The general partner of NRP (GP) LP is GP Natural Resource Partners LLC. The reporting person is the sole member of Robertson Coal Management, which is the sole member of GP Natural Resource Partners LLC. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein The reporting person is the controlling shareholder of Western Pocahontas Corporation and disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein. The reporting person is the controlling shareholder of GNP Management Corporation and disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein. Phantom units representing the right to receive common units on a one-for-one basis, together with tandem distribution equivalent rights, were awarded in February 2020 under the issuer's LTIP. One-third of the phantom units vested on the third 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. Phantom units representing the right to receive common units on a one-for-one basis, together with tandem distribution equivalent rights, were awarded in February 2021 under the issuer's LTIP. One-third of the phantom units vested on the second 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. The remaining phantom units under the 2021 award will vest on the third anniversary of the grant date. Phantom units representing the right to receive common units on a one-for-one basis, together with tandem distribution equivalent rights, were awarded in February 2022 under the issuer's LTIP. One-third of the phantom units vested on the first 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. The remaining phantom units under the 2022 award will vest in substantially equal installments on the second and third anniversaries of the grant date. /s/ Corbin J. Robertson, Jr. 2023-02-16